Process
Whitehawk’s property identification and assessment criteria involve analyzing a variety of information pertinent to each asset. This information includes:
- Former and current operator data
- Reserve Valuations
- Well production history
- Well log analysis
- Drilling and completion data
- Assessment of operating expenditures to date
- Assessment of capital expenditures required to develop the asset
- Reservoir history
- Surrounding well control & trend data
- Existing infrastructure
- Seismic Review
- Surface facilities
- Lease/Property details
- Economics – conservative, realistic and optimistic models
Analysis of this data enables management to determine the realistic economic attractiveness of each lease targeted for acquisition. This strategy lays the foundation to build a strong portfolio of producing assets as well as a multi-year inventory of properties to be developed which maximizes shareholder return potential. The goal and objective of the Company is to generate positive returns, substantiate reserves and grow enterprise value through disciplined capital investment and strategic asset acquisitions.