Hawkley Oil and Gas Limited

ABN: 68 115 712 162

Suite 3 / Level 3, 1292 Hay Street

West Perth WA 6005

PO Box 1091

West Perth WA 6872

t: +61 8 9226 3211 f: +61 8 9322 4073

e: information@hawkleyoilandgas.com

ASX Announcement - January 23rd, 2013 Hawkley Oil & Gas: Sorochynska Well 202

Hawkley Oil & Gas is pleased to provide an update on Sorochynska
202 well test and planned gas plant commissioning.
• Upper B18 flows at commercial rates
• Successful installation of inflatable packer
• Initial well test on a narrow (4mm) choke to maintain downhole pressure during the clean out process
• During that period the well flowed at a calculated rate of
0.9mmscfgpd while the clean out process continues
• Expectations are that the well will be bought into production with an increased choke size, and commensurate increase in flow rate
• Extended production testing over next few weeks to establish optimal choke size and stabilized flow rate projections concurrent with preparations to bring the well into production
• Once the upper B18 horizon is drained at this location the packer can be removed to open up the lower B18 horizon
• Flow line currently being laid for connection of both 201 and
202 to Hawkley's owned and operated gas processing plant
• Commissioning of the plant expected mid-February

Sorochynska-202

The Company is pleased to report the successful flow rate of

www.hawkleyoilandgas.com

Directors Glenn Featherby

Executive Chairman

Richard Reavley

Chief Executive Officer

David Riekie

Non-Executive Director

Lord Risby

Non-Executive Director

Graham Lyon

Non-Executive Director

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ASX Code: HOG Shares on Issue: 287.2M Options on Issue: 39.5M Share Price*: 17