Increasing price and volume after going as low as 50 cents.
Production forecast of 1500 BOE likely to be surpassed by year end given the recent ( October 2011 ) production update.
TARGET one year out from GMP $ 2.50 - as per March 2011 analysis.
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HYX has moved higher as the Company repeated it will make the 1500 BOE exit this year - and as the commodity price moved up to
$ 100 a barrel. Cannacord raised the target to $2.25 which i think is too conservative. This company will increase exploration and production in 2012 as a result of increased cash flow. Target for 2013 $ 4.00
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