Petrohawk Energy Corporation (NYSE: HK) is engaged in the acquisition, development, production and exploration of oil and natural gas properties. As of December 31, 2008, Petrohawk has proved reserves of approximately 1.42 TCFE. The Company’s proved reserves are 94% gas and 56% developed. Production is approximately 483 Mmcfe/d. The 2009 capital budget is $1.3 billion. Petrohawk focuses on properties within our core operating areas that have a significant proved reserve component and which management believes have additional development and exploration opportunities. Petrohawk’s properties are primarily located in North Louisiana, East Texas and Arkansas and in the Anadarko, Arkoma and Permian regions.Petrohawk’s business strategy focuses on achieving increases in the per share value of our common stock through the combination of attractive acquisitions and further development of existing properties, complimented by potentially significant exploration projects. Our strategy emphasizes:
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