Hawkley Oil & Gas has been awarded a five-year year licence for its Chernetska project (100%) in the Ukraine in the northern Dnieper-Donets Basin. Chernetska has significant upside with prospective resources of 379 bcf (P50). Hawkley recently completed the inconclusive Chernetska-1 well finding hydrocarbons in three zones but failing to make a commercial discovery.
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