JayHawk Preps for Crosby North Dakota Oil Project
JayHawk Energy, Inc. President, Marshall Diamond-Goldberg would like to inform investors that the Company believes the December 2009 run-up in its share price was, in part, a function of information disseminated into the market independent of the Company and without its knowledge and that the subsequent decline has been a result of profit taking resulting in downward pressure.
The Company continues to prepare for its upcoming drilling program on its Crosby North Dakota oil project, which should be ready for drilling to commence in the latter part of February. Regulatory submissions and drilling contracts are in the works with a two well program initially being prepared. The results of these two wells will have an impact on the potential growth of the company, as the Company believes that each successful well may have the potential to increase Company net production by 50-100%.