WHD West Hawk Development Corp.

West Hawk Development Corp. ("West Hawk") (TSX VENTURE:WHD)(FRANKFURT:H5N) (the
"Company") is pleased to report that as of Saturday, February 2, 2008, Well 3
has successfully been brought into production at the Company's Figure Four
property in Colorado's Piceance Basin.


"The cash flow provided by the sales revenue from Well 3 represents a
significant change in Operations at Figure Four. The timing of this change, on
the heels of the recent increase in natural gas prices in the Piceance Basin, is
an important step forward," stated Roger A. Baer, Chief Financial Officer. The
Company plans to disclose production and revenues as soon as a sustained rate is
achieved.


In order to optimize the high production level obtained, West Hawk worked on the
completion of this well for over 100 days. "Over the last three weeks, efforts
were intensified as Wm. Mark Hart, Jinsheng Chen and I have been at the site
correcting operational problems that were keeping the well from producing. On
Saturday, final repairs were completed to faulty computer controls on the
wellhead. In addition to bad weather, the Company has overcome problems with
frozen equipment, a main line freeze up, and repairs to the glycol antifreeze
system. We have also reinsulated the wellhead equipment installed on Wells 1, 2
and 3, and do not expect these problems to continue. I am pleased that the well
is producing in accordance with Schlumberger's pre-completion projections,"
stated Gonzalo Torres Macchiavello, President of North American Operations. West
Hawk owns a 75% interest in these wells.


"The Company is now planning to start the completion of Well 4, and a member of
West Hawk's executive management will be onsite throughout the completion effort
to bring the next well into production as quickly as possible," stated Wm. Mark
Hart, President and CEO.


On behalf of the Board of Directors,

Dr. Wm. Mark Hart

President and Chief Executive Officer

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 in the
Northwest Territories; 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 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 Tulita coal
property in the Northwest Territories, the Nunavut Coal property and the
Groundhog 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 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.

West Hawk Development Corp. (TSXV:WHD)
Historical Stock Chart
From Jun 2024 to Jul 2024

West Hawk Development Corp. (TSXV:WHD)
Historical Stock Chart
From Jul 2023 to Jul 2024