DALLAS, Feb. 12, 2010 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring Jayhawk Energy Inc. (OTCBB:JYHW). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://investorsoup.com/lp/JYHW/
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JayHawk Energy Inc. (JYHW) engages in the acquisition, exploration, development, production and sale of natural gas, crude oil and natural gas liquids primarily from conventional reservoirs within North America. The Company's key asset currently consists of 17,000 gross acres of mineral title on a light crude producing property in Candak, North Dakota, part of the Williston Basin. Its secondary property is located on 45,000 gross acres of mineral title with producing and non-producing coal-bed methane gas reserves and an 18 mile pipeline tied to sales located in the Bourbon and Crawford County, Kansas.
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In the report, the analyst notes:
"Early in January, JYHW president Marshall Diamond-Goldberg announced the closing of the second of four tranches of the Company's $1.5 million debenture financing previously announced on December 14, 2009. According to the Company's press release, this financing will allow it to proceed with its development program in its Crosby, Ratcliffe formation, oil pool located in northwestern North Dakota."
"JYHW has conducted an extensive technical evaluation of the Crosby project, which reportedly appears to have abundant analogue pools across the border in Canada ... Its large land position at Crosby is expected to yield more than 30 drilling locations. JYHW CEO Lindsay Gorrill believes the growth potential of the Crosby play could result in a long term period of expansion for the Company."
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