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Nighthawk Energy Share Discussion Threads
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|Expect the initial results from water flood in mid November if all goes ahead of the plan.|
|The Company plans to begin the construction and installation of the water gathering lines in the second half of September and expects the Project to become operational in late October|
|Should be due an operations update at end of this week or early next week. Let's see what Rick and Co have been upto.|
|Posted on lse by partridge...
What is a Spergen well?
In the Half-year Report Rick McCullough writes " potential upside could have the impact of adding the equivalent of 8-10 new Spergen wells " as a result of waterflood. He does not quantify what production is the equivalent of a Spergen well.
The top eight, Spergen only, producing wells in August produced 31404 barrels of oil between them or 1013 bopd. Can this be taken as the value of a Spergen well? These figures are taken from Arikaree Creek wells only. Is this the sort of result that could be achieved? Hawk at the moment is a bet on the success of waterflood. All the Arikaree Creek wells have been recently inspected by Cogcc and the project appears to be on track for the .end of October.|
|The share price is somewhat of an irrelevance at the moment unless you are looking to buy. If I remember correctly the Company said that the waterflood could be worth up to 8 wells (in production terms) without the the risk of drilling. You can work out what that means in terms of production uplift.|
|It did feel like they 'let someone in' I don't the success rate of the project, even on just achieving a 500bopd increase, which would still help and give a good return on investment.|
|iiCB, it must be because someone was selling. Given that recent news has been a bit better it seems strange that a seller would be selling now....could it be that market makers are after stock and it was an engineered tree shake...or am I just being optimistic ....or maybe deluded...|
|that drop earlier felt "engineered" and i notice its recovered.|
|Iicb...well I really can't disagree with your post..Rick!!! Really has not brought much to the party..but we are still trading, and ATM that is OK for me, and that reason still may be down to Rick!!!
I also wonder why he ain't bought more!!!|
|surely this would be a point for directors to show some confidence by buying some....|
|40 trades approx and average at 160k or £1250 which as above probably means a seller getting rid of a few under duress or to invest elsewhere..maybe.|
|Volume not very high and value nothing hence just MM's shaking the tree to
Panic sellers etc... Just ignore or buy if any funds available.....|
|this is getting very worrying.|
|the 0.9 trades are buys not sells, even the 0.89p trade is a buy. Looks like there is a big seller.|
|Ffs why is price dropping so much today??|
|Do not need increased production at present, as boo price is low and need to cover interest payments. The known capabilities to increase production with higher potential return is paramount - hence water flood project to attain added prod'n and flow levels possible! thus actually obtaining a real profit and raising the share price back to previous valuation, I think this is correct from reading finals etc....|
|I think they will want to update the market as soon as they possibly can. Fingers crossed the WF is a game changer!!|
|I think once it comes onto production they'll be eager to release initial outlook/projections so if we didn't hear anything by mid-Nov I'd start to get nervous|
|Over on LSE they are talking about WF 6mo this start to finish, are they talking about the water flood? Isn't that due to come on line and hopefully increase production later this month?|