Nighthawk Energy plc Company Update (6920Q)
September 14 2017 - 1:00AM
UK Regulatory
TIDMHAWK
RNS Number : 6920Q
Nighthawk Energy plc
14 September 2017
14 September 2017
NIGHTHAWK ENERGY PLC
("Nighthawk" or "the Company")
Company Update
Nighthawk, the US focused oil development and production company
(AIM: HAWK and OTCQX: NHEGY), announces an update to current
production levels.
Production Update
Gross and net* production, in barrels, for the first seven
months of 2016 is summarised below.
Monthly Daily Average
-------------------------------------- -----------------------------
Gross Net Gross Net
2017 2016 2017 2016 2017 2016 2017 2016
-------- -------- -------- -------- ------ ------ ----- ------
January 43,599 43,961 30,543 36,017 1,406 1,417 985 1,162
February 36,051 40,378 24,786 33,053 1,288 1,407 885 1,153
March 38,794 42,720 28,381 34,942 1,251 1,314 916 1,078
April 34,374 40,704 25,640 33,319 1,146 1,357 855 1,113
May 35,391 40,780 26,875 33,410 1,142 1,302 867 1,068
June 33,443 40,248 25,925 32,916 1,115 1,356 864 1,112
July 32,710 43,045 25,429 35,162 1,055 1,382 820 1,133
YTD 254,363 291,836 187,578 238,819 1,200 1,370 885 1,121
======== ======== ======== ======== ====== ====== ===== ======
*Net production is based upon Nighthawk's Net Revenue Interest
of approximately 82% save for the Monarch 10-15 well where HAWK has
a 16% working interest.
Chuck Wilson, Chief Operating Officer of Nighthawk, noted: "The
effects of the Arikaree Creek Water Flood Pilot Project field,
along with the efforts from the production operations team, have
kept the natural decline from production lower than historically
experienced. "
Interim Results
The Company expects to announce its interim results for the six
months ended 30 June 2017 during the week commencing 25 September
2017.
Enquiries:
Nighthawk Energy plc
Rick McCullough, Chairman +1 303 407 9600
Kurtis Hooley, Chief
Financial Officer +44 (0) 20 3582 1350
Stockdale Securities
Limited +44 (0) 20 7601 6100
Richard Johnson
David Coaten
Chuck Wilson, Chief Operating Officer of Nighthawk, who has over
34 years of experience in the oil and gas industry and meets the
criteria of qualified persons under the AIM guidance note for
mining and oil and gas companies, has reviewed and approved the
technical information contained in this announcement.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU 596/2014).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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