/C O R R E C T I O N -- Petrohawk Energy Corporation/
May 06 2008 - 4:55PM
PR Newswire (US)
In the news release, Petrohawk (NYSE:HK) Announces First Quarter
2008 Operating and Financial Results, issued earlier today by
Petrohawk Energy Corporation over PR Newswire, the fifth bullet
point under the heading "Financial Highlights" should read: --
Natural gas price realizations were $8.41 per Mcf, which included a
$0.07 realized gain from natural gas derivatives. This price
reflects a realization of 104% of the average NYMEX price for the
quarter of $8.03. Oil price realizations were $76.27 per Bbl, which
included $18.59 per Bbl of realized loss from oil derivatives. This
figure reflects a realization of 97% of the average NYMEX price for
the quarter of $97.84. rather than: -- Natural gas price
realizations were $8.41 per Mcf, which included a $0.07 realized
gain from natural gas derivatives. This price reflects $8.03. Oil
price realizations were $76.27 per Bbl, which included $18.59 per
Bbl of realized loss from oil derivatives. This figure reflects a
realization of 97% of the average NYMEX price for the quarter of
$97.84. as incorrectly transmitted by PR Newswire. DATASOURCE:
Petrohawk Energy Corporation
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