News Release
West Hawk Updates Gas Drilling
January 8, 2007 - Vancouver, B.C.: West Hawk Development Corp. (the "Company") (TSX.v - WHD, Frankfurt - H5N) wishes to provide the following update on the progress of drilling on the Figure Four Property in the Piceance Basin, Colorado and information on a renewed 2007 focus on WHD's, British Columbia, Groundhog property.
As of January 4th, the first well is down hole approximately 3000 feet. The Company is targeting the projected gas bearing pay zones of the Williams Fork, Rollins, Cozzette, Corcoran, Sego and the Mancos A & B formations located approximately 10,000 feet deep (details of these zones can be seen within the NI51-101 report on the Company's website). Of note, while progressing to the current depth, the Company did intersect a gas bearing zone in the Wasatch formation at approximately 2300 feet of depth. Although the flow of gas from this zone was considered significant and confirms the presence of gas, it is above the targeted gas bearing pay zones and will be targeted as a potential completion zone. Drilling continues and the Company anticipates reaching the targeted depth within the month of January.
In other news, the Company is pleased to announce the appointment of Mr. Glen Smyrl, P.Eng to the position of General Manager, B.C. Operations. Although previously announced that his focus was Power Generation, it was felt the experience Glen brings to the Company is better suited in applying his focus on the development of British Columbia assets, including the Groundhog Coal property in Northwestern B.C. Glen's experience includes 30 years in a broad range of positions with B.C. Hydro. As V.P. Engineering, Glen was responsible for providing engineering and technical services to both B.C. Hydro's Generation and Distribution and British Columbia Transmission Corporation's "Lines of Business". As V.P. Business Services at Powerex, he was responsible for liaison and business relationships between B.C. Hydro and Powerex, supporting the involvement of B.C. Hydro and Powerex to participate in forming Regional Transmission Groups in the U.S. and Canada. Glen Holds M.Sc. and B.Sc. degrees in Mechanical Engineering with honours from the University of Alberta. He has also completed his course work toward an MBA.
"We are very pleased to have Glen on board with West Hawk. His wide-ranging talents and experience are perfectly suited to enable us to advance our British Columbia projects in a timely, organized and efficient manner".
On behalf of the Board of Directors,
Dr. Mark Hart, President, CEO
West Hawk Development Corp.
THE TSX VENTURE EXCHANGE HAS NOT YET REVIEWED AND DOES NOT TAKE RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
About the Company: West Hawk Development Corp. is focused on providing valuable, high-demand energy products from a variety of sources. Assets include the 500 billion cubic feet (as per NI51-101 report) Figure Four natural gas property located in the Piceance Basin, Colorado, being developed under a drilling and development agreement with EnCana Oil & Gas (USA) Inc.; the Fort Norman coal deposit in the Northwest Territories; the Groundhog coal deposit located in northwest British Columbia; and the Ellesmere Island, Nunavut Territory coal property.
Cautionary note: This report contains forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. The company has filed a National Instrument 51-101 Report on the Figure Four property. A National Instrument 43-101 report has been filed on the Groundhog property. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
As of January 4th, the first well is down hole approximately 3000 feet. The Company is targeting the projected gas bearing pay zones of the Williams Fork, Rollins, Cozzette, Corcoran, Sego and the Mancos A & B formations located approximately 10,000 feet deep (details of these zones can be seen within the NI51-101 report on the Company's website). Of note, while progressing to the current depth, the Company did intersect a gas bearing zone in the Wasatch formation at approximately 2300 feet of depth. Although the flow of gas from this zone was considered significant and confirms the presence of gas, it is above the targeted gas bearing pay zones and will be targeted as a potential completion zone. Drilling continues and the Company anticipates reaching the targeted depth within the month of January.
In other news, the Company is pleased to announce the appointment of Mr. Glen Smyrl, P.Eng to the position of General Manager, B.C. Operations. Although previously announced that his focus was Power Generation, it was felt the experience Glen brings to the Company is better suited in applying his focus on the development of British Columbia assets, including the Groundhog Coal property in Northwestern B.C. Glen's experience includes 30 years in a broad range of positions with B.C. Hydro. As V.P. Engineering, Glen was responsible for providing engineering and technical services to both B.C. Hydro's Generation and Distribution and British Columbia Transmission Corporation's "Lines of Business". As V.P. Business Services at Powerex, he was responsible for liaison and business relationships between B.C. Hydro and Powerex, supporting the involvement of B.C. Hydro and Powerex to participate in forming Regional Transmission Groups in the U.S. and Canada. Glen Holds M.Sc. and B.Sc. degrees in Mechanical Engineering with honours from the University of Alberta. He has also completed his course work toward an MBA.
"We are very pleased to have Glen on board with West Hawk. His wide-ranging talents and experience are perfectly suited to enable us to advance our British Columbia projects in a timely, organized and efficient manner".
On behalf of the Board of Directors,
Dr. Mark Hart, President, CEO
West Hawk Development Corp.
THE TSX VENTURE EXCHANGE HAS NOT YET REVIEWED AND DOES NOT TAKE RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
About the Company: West Hawk Development Corp. is focused on providing valuable, high-demand energy products from a variety of sources. Assets include the 500 billion cubic feet (as per NI51-101 report) Figure Four natural gas property located in the Piceance Basin, Colorado, being developed under a drilling and development agreement with EnCana Oil & Gas (USA) Inc.; the Fort Norman coal deposit in the Northwest Territories; the Groundhog coal deposit located in northwest British Columbia; and the Ellesmere Island, Nunavut Territory coal property.
Cautionary note: This report contains forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. The company has filed a National Instrument 51-101 Report on the Figure Four property. A National Instrument 43-101 report has been filed on the Groundhog property. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
Contacts
North America
West Hawk Development, 303-524-1424
Email: news@westhawkdevelopment.com