News Release
Figure Four Project Update
April 9, 2007 - Vancouver, B.C.: West Hawk Development Corp. (the "Company") (TSX.v - WHD, Frankfurt - H5N) is pleased to provide the following project update on the status of drilling operations at its Figure Four property in the Piceance Basin.
Drilling of the project's second well has been completed to a total depth of approximately 10,000 feet. The well was drilled in 26 days. The well has been open-hole logged and cased. After analyzing the logs, the Company plans to hydraulically stimulate the well and commence production. The Company plans to stimulate both wells 1 and 2 in sequence to save equipment mobilization, de-mobilization and other associated costs. From the log information, both wells appear to have the potential to be good producers.
The drill rig has been moved to the third well pad and drilling operations have commenced. Construction of the fourth pad is nearing completion and construction of the fifth pad has started. The company intends to advance its drilling program throughout 2007 year.
Additional information is available on our website at www.westhawkdevelopment.com.
On behalf of the Board of Directors,
"Dr. Wm. Mark Hart"
Dr. Wm. Mark Hart, President, CEO and Co-Chairman
"Chris Verrico"
Chris Verrico, Co-Chairman
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 Figure Four natural gas property located in the Piceance Basin, Colorado, being developed under a drilling and development agreement; the Tulita coal property in the Northwest Territories; the Groundhog coal property 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. 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.
Drilling of the project's second well has been completed to a total depth of approximately 10,000 feet. The well was drilled in 26 days. The well has been open-hole logged and cased. After analyzing the logs, the Company plans to hydraulically stimulate the well and commence production. The Company plans to stimulate both wells 1 and 2 in sequence to save equipment mobilization, de-mobilization and other associated costs. From the log information, both wells appear to have the potential to be good producers.
The drill rig has been moved to the third well pad and drilling operations have commenced. Construction of the fourth pad is nearing completion and construction of the fifth pad has started. The company intends to advance its drilling program throughout 2007 year.
Additional information is available on our website at www.westhawkdevelopment.com.
On behalf of the Board of Directors,
"Dr. Wm. Mark Hart"
Dr. Wm. Mark Hart, President, CEO and Co-Chairman
"Chris Verrico"
Chris Verrico, Co-Chairman
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 Figure Four natural gas property located in the Piceance Basin, Colorado, being developed under a drilling and development agreement; the Tulita coal property in the Northwest Territories; the Groundhog coal property 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. 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