JayHawk Energy (JYHW) just announced the completion of the first 10 wells on its Cherokee Basin Project, Kansas – and the company has the drills in motion on the next 10-well set in this rapidly expanding U.S. natural gas play. Right now -- before flow rates are announced on this first group of wells -- is an opportune time to establish your initial JYHW position below $2 per share or add to your existing position.

I fully expect the JYHW share-price to move above $4 in the near-term as the market takes inventory of the company’s vast oil and gas production potential. JayHawk is currently focused on drilling up to 100 well-targets in the Cherokee Basin where it has identified up to 163 Billion cubic feet of gas on its Uniontown and Girard Projects. The U.S. Department of Energy estimates the Cherokee Basin to hold up to 2.8 Trillion cubic feet of potential recoverable natural gas reserves – making it one of the most prolific gas basins in North America.  

JayHawk is also active in another major U.S. petroleum region – the Williston Basin of North Dakota – where the company controls the 15,500 acre Candak Property. Major producers Marathon Oil, ConocoPhillips, and Noble Energy have operations in the Williston Basin. JayHawk acquired the Candak Property in January 2008 and has already announced revenues of $259,000 through the first 3 months of oil production. We can expect these production numbers to increase in the near-term as the company expands the scope of this high-potential project.  

JayHawk Energy should continue to produce a steady stream of exciting exploration and production announcements throughout the remainder of 2008 – which should attract major attention and drive the share-price higher. Make sure you own JayHawk Energy (JYHW) today at current price levels below $2 per share.