WEST HAWK DEV CORP Kohle-Explorer

nicht zu verbilligen!

Aber es kommt wieder einmal auf den Zeitpunkt des Ausstiegs an und dieser liegt sowieso noch in weiter Ferne!


 

Trading Halt - West Hawk Dev. Corp. - WHD

as  

News Release
west hawk signs mou with petrobras to jointly develop the figure four natural gas property
June 12, 2008 ? Denver, Colorado, USA: West Hawk Development Corp (TSXV: WHD; Frankfurt: H5N) (the ?Company?) is pleased to announce that it has signed a Memorandum of Understanding (?MOU? or ?Agreement?) with Petrobras ? Petroleo Brasileiro S.A (?Petrobras?) for a partnership to jointly develop on a fast track basis the Company?s Figure Four Natural Gas Project in the Piceance Basin, Colorado.

The MOU outlines the timeline, scheduling, and plans for the partnership and complete transfer of site operations to Petrobras, as well as providing a provision for near term expansions in the Piceance Basin, and other parts of the United States of America. During the month of June, Petrobras executives and engineers will visit Colorado and make a site visit to conduct a thorough review and assessment of the Figure Four Natural Gas Project. Petrobras, under a confidentiality clause of the MOU, has accessed key pertinent information related to the Gas Project and are satisfied with the quality of the project and its prospective upside. Petrobras has assigned key professionals and senior staff to its due diligence team. Upon the conclusion of these technical and commercial meetings, Petrobras will prepare an offer. If accepted, West Hawk and Petrobras will work together to reach an agreement and conclude the transaction in August.

?Petrobras is the 3rd largest company in the Americas and is among the 5 largest oil companies in the world. Their recently appointed new International Management Team is committed to develop quality oil and gas projects in stable regions of the world, including the United States, where they intend to invest $ 4.8 billion until year 2012 in upstream and downstream oil and gas projects. Petrobras is considering the Figure Four Project as a logical and strategic step to start operations in the Piceance Basin, the largest gas play in North America? commented Mr. Gonzalo Torres-Macchiavello President & CEO Americas.

This partnership will bring important financial resources, technology, know-how and a bench mark for the international oil and gas industry to the heart of the Piceance Basin? said Dr. Wm. Mark Hart President & CEO West Hawk Development Corporation.

?Petrobras is seriously examining the project as a very strong potential candidate to become our first natural gas project in the United States. We know the qualities of the Piceance Basin and the developments that are taking place there. Certainly, it is a place to be? Commented Mr. Jorge Luiz Zelada Petrobras International Business Director.

On behalf of the Board of Directors,

Wm. Mark Hart,
President and Chief Executive Officer

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 Groundhog coal property located in northwest British Columbia; the Tulita coal property located in the Northwest Territories; and the Ellesmere Island, Nunavut Territory coal property.

About Petrobras ? Petroleo Brasileiro S.A: Petrobras is a fully integrated oil and gas company. Petrobras is the world most experienced company in deep off shore oil and gas wells. Also is very experienced in oil refining and gas production in different parts of the world. Currently Petrobras market value is approximately $ 290 billion where 50% of the company is owned by the Brazilian Federal Government and the remaining 50% are private investors. Their stock is traded in the NYSE, BOVESPA and MERVAL.

Cautionary Note: This news release contains forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specially noted, are considered speculative. The Company has filed a National Instrument 51-101 Report on the Figure Four property. The Company has filed National Instrument 43-101 Reports for each of the Groundhog coal property in British Columbia, the Tulita coal property in the Northwest Territories, and the Nunavut coal 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 and development activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary note to U.S. 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.

http://www.westhawkdevelopment.com/news/newsrelease/2008/263/  

 

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wahnsinn die dynamik des kurses, und keine aussicht auf erfolg oder?  

eigentlich mit den Aktien?

In meinem Depot tauchen sie noch auf, aber gibt es noch eine Möglichkeit den Schrott los zu werden oder wird das eines Tages einfach gelöscht?

 

Fundamental Research Releases Update on West Hawk Development Corp. (TSX.V: WHD)

8:51 PM ET, January 15, 2009

Jan 15, 2009 (BAYSTREET NEWSWIRE via COMTEX) -- West Hawk Development Corp. (TSX.V: WHD) - Files demand for arbitration and lawsuit against Encana; U.S. Subsidiary files for Chapter 11 protection; Downgrading to HOLD

Fundamental Research Corp has issued a note on West Hawk Development Corp. (TSX.V: WHD) entitled "Files demand for arbitration and lawsuit against Encana; U.S. Subsidiary files for Chapter 11 protection; Downgrading to HOLD" and dated January 8, 2009. The full report is now at www.researchfrc.com.  

Hier der englische Originalreport von Januar von Fundamental Research Corp.

http://www.researchfrc.com/research/pdf/westhawk/...%20Jan%202009.pdf

 

Valuation Summary Previous Revised
Figure Four $0.73 $0.24
Groundhog $0.36 $0.36
Working Capital - LT Debt ($0.06) ($0.08)
Bankruptcy Costs ($0.01)
Value per share $1.03 $0.51

We made the following changes to our valuation:
1. Lowered our valuation on the Figure Four project from $0.73 to $0.24 per share –As the
project has been idled due to the current legal situation, we have decided to take a very conservative
approach and value the project solely based on the proved and probable reserve estimates (evaluated
by Gustavson Associates) of its first four wells as opposed to valuing the entire field; which resulted
in the drop in our valuation.

2. Included bankruptcy costs –We estimated bankruptcy costs as follows:Expected Bankruptcy Costs = Probability of Bankruptcy * Cost of Bankruptcy * Unlevered Firm Value
Our estimated bankruptcy cost is $1.77 million ($0.01 per share). The table below shows a summary of
the calculation.

Probability of Bankruptcy 21%
Cost of Bankruptcy 25%
Unlevered Firm Value $0.22
Bankruptcy Costs $0.01

1. Probability of bankruptcy - We estimate that WHE will not be able to pay off all its debts, if the
value of the company’s assets is 71% below our fair value estimate. Assuming the value of its assets
will not drop by 90% or more of our fair value estimate, we estimate the probability of bankruptcy
as (100% - 71% - 10%)/(100% - 10%), or 21%.

2. We also made an assumption that the cost of bankruptcy is 25% of the unlevered firm value.

Rating: The lawsuit against Encana, we believe, could be a long process. The company’s U.S. subsidiary
has protection from creditors in the near-term as it has filed for Chapter 11 protection. As we cannot predict
the outcome of the company’s restructuring plan, we downgrade our rating to HOLD, with a fair value
estimate of $0.51 per share (down from $1.03 per share). We have raised our risk rating to 5: Highly
Speculative (from 4: Speculative).

so wie ich das sehe, hast West Hawk derzeit einen Rechtsstreit mit EnCana am laufen was das Figure Four Projekt angeht. Darüber hinaus noch Chapter11 für die amerikanische Tochter West Hawk Energy.

Ist alles schön in dem obigen pdf-report beschrieben.

Eure Meinung?

Was passiert jetzt?

Rechtsstreit, Chapter 11..... usw.

was kann noch pasieren, haben wir eine Chance unser Geld wieder zu bekommen oder war das alles nur eine reine Abzocke??  

denke schon, dass es noch hoffnung gibt. Finde es sogar positiv, dass der Handel ausgesetzt wurde. Auch wenn das jetzt schon länger andauert.

Aber der pdf-bericht von Fundamental Research Corp. (ganz neu von Januar 2009) beleuchtet die ganze Situation nüchtern und vor allem sachlich.

Selbst wenn West Hawk Schaden durch den Prozess nehmen würde, wären Sie nur mit einem Zehntel ihres tatsächlichen Wertes (Wert der Projekte - Minus Schulden - Minus evtl. Gerichtskosten) bewertet.

wer weis wie lange das noch dauert, schau mal auf gulfside die sind schon seit 14 monaten ausgesetzt und wer weis wie lange das bei denen noch dauert.

www.westhawkdevelopment.com/news/newsrelease/2009/295/

 

... falls es hier noch jmd. geben sollte, den s interessiert:

west hawk announces cease trade order, the filing of its january 31, 2009 financial statements and md&a and resignation of chief financial officer
DENVER, COLORADO--April 16, 2009 - West Hawk Development Corp. (TSX VENTURE:WHD)(FRANKFURT:H5N) ("West Hawk" or the "Company") advises that on April 8, 2009 its stock was cease traded by the British Columbia Securities Commission (the "BCSC") for failure to file its interim financial statements for the financial period ended January 31, 2009, as required under Part 4 of National Instrument 51-102 ("NI 51-102"), and a Form 51-102F1 Management's Discussion and Analysis for the period ended January 31, 2009 (the "MD&A"), as required under Part 5 of NI 51-102. The Company filed its interim financial statements and MD&A for the financial period ended January 31, 2009 yesterday.

The Company's stock was halted by the TSX Venture Exchange (the "Exchange") on November 5, 2008 as a result of a cease trade order imposed by the BCSC for failure to file a National Instrument 43-101 compliant technical report in connection with the Company's proposed acquisition of the Heavener mine Oklahoma/Arkansas project. The BCSC's cease trade order was lifted on December 5, 2008. However, the Company's stock remains halted by the Exchange pending the clarification of certain disclosure matters. The Company is fully committed to answering the Exchange's questions and ensures that there is full disclosure about the Company's activities with a view to moving towards an end to the halt trade.

The Company intends to file its restated interim financials and Form 51-102F1 Management's Discussion and Analysis for the period ended July 31, 2008 and October 31, 2008 by April 17, 2009.

The Company also announces that effective April 8, 2009, Mr. John T. Owen resigned as Chief Financial Officer of the Company since both parties have been unable to agree on the terms regarding Mr. Owen's compensation.

On behalf of the Board of Directors,

Gonzalo Torres Macchiavello, President and Chief Executive Officer  

bedeutet das jetzt genau für uns, die wir noch einige von den Nullen in unseren Depots liegen haben???  

http://www.marketwire.com/press-release/...SX-VENTURE-WHD-979520.html  

geht s ja bald weiter ... nur, auf welchem Niveau ?  

wieder handelbar ... es war ein Blutbad!  

aber wohl fast jeder das Zeug loszuwerden. 1 Cent ist immer besser noch 0 :-)

 Ich schau mir das mal an - aber ob wir noch mal Höhenflüge über 10 Cent sehen werden???

 

ich behalte den Dreck ... Sekt oder Selters .. auf die paar Euro s kommt s nu auch nicht mehr an!  

Das Potential ist auf jeden Fall riesig - wer bei 1 Cent einsteigt hat bei 3 Cent schon 200% ordentlichen Gewinn - aber ich glaube hier haben sich schon zu viele die Finger verbrannt (oder aber auch bei kleinen Zocks ordentlichen Gewinn gemacht).  

Wert .... in den letzten Monaten schon 300% ... ist hier bei ariva nicht gelistet und wird auch nicht in D gehandelt ..  

jetzt nur noch in Deutschland gehandelt?  

Heimatbörse ist Kanada. Dort wird der Wert seit Wiederhandelsaufnahme am 15.7.09 täglich gehandelt.
Kürzel WHD.