TIDMHAWK
RNS Number : 3299F
Nighthawk Energy plc
20 February 2018
20 February 2018
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 production for
the year ended 31 December 2017.
Production Update
Gross and net* production, in barrels, for the 12 months ended
31 December 2017 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
August 32,597 42,759 25,411 34,885 1,052 1,379 820 1,125
September 30,495 38,551 23,875 31,459 1,017 1,285 796 1,049
October 31,381 39,671 24,670 32,246 1,012 1,280 796 1,040
November 27,159 33,317 21,358 26,990 905 1,111 712 900
December 29,366 35,985 23,257 28,885 947 1,161 750 932
YTD 405,361 482,119 306,149 393,284 1,111 1,317 839 1,075
======== ======== ======== ======== ====== ====== ===== ======
*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.
The production decrease for November 2017 was partially due to
several wells requiring non-routine workovers to be performed. The
Company performed additional workovers in December 2017 and January
2018.
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
Ed Thomas
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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