Jayhawk Energy is a domestic oil and gas exploration and development company. Jayhawk’s activities are focused on two major projects – 45,000 acres in the Cherokee Basin, Kansas and 17,000 acres in the Williston Basin, North Dakota. Shares are being buoyed by the recent announcement from the company that it has closed on two of the four tranches of Jayhawk’s $1.5 million debenture financing from institutional investors. Proceeds will be used to begin drilling wells in its North Dakota property.
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