Hartley’s analyst David Wall has affirmed a “buy" recommendation and 63¢ target price on Hawkley Oil and Gas , telling clients there is “huge upside" in the stock.

August was another solid month for the company with production at its fully-owned field in the Ukraine averaging 6.5 million cubic feet of gas per day. Success at the field has helped the company into a strong positive cash flow position since February, with another eight years of production expected.