Nighthawk Energy Share Discussion Threads

[tsmith2] 20/9/2016 07:08

More good news

[blakieboy7] 20/9/2016 07:05

20 September 201620 September 2016Nighthawk Energy plc ("Nighthawk" or "the Company")Settlement of litigationNighthawk, the U.S. focused oil development and production company (AIM: HAWK and OTCQX: NHEGY) announces the global settlement of all litigation and claims arising out of agreements with Running Foxes Petroleum, Inc. (RFP) and related issues with RFP's joint venture partner, American Patriot Oil and Gas Inc. (APO).This global settlement agreement reflects the parties desire to fully and completely resolve all claims and defences in the federal court litigation and state court litigation.Under the terms of the settlement, which was executed on September 19, 2016, Nighthawk, RFP and APO were released from all past, current, and future claims related to all current, pending and potential future issues between the parties within the Arikaree Creek Field. The parties agreed to dismiss all current and pending federal and state litigation and administrative regulatory matters, between them related thereto.As part of the global settlement, no money was exchanged by the parties, however Nighthawk has assigned RFP a minor override royalty interest in one lease in Arikaree Creek, and APO has assigned Nighthawk certain leases just south of Arikaree Creek totalling approximately 640 acres with Nighthawk assigning APO a minor override royalty interest in those leases. Running Foxes has agreed to certain terms regarding any future water flood projects that Nighthawk might pursue in Arikaree Creek.Rick McCullough, Chairman of Nighthawk, commented: "I am pleased to announce a global settlement agreement that brings an end to ongoing issues and disputes between the parties. We look forward to dedicating renewed attention to the development of our Colorado assets."Enquiries:Nighthawk Energy plc Rick McCullough, Chairman [phone] Kurtis Hooley, Chief Financial Officer [phone] Stockdale Securities Limited [phone] Richard Johnson David Coaten This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.This information is provided by RNSThe company news service from the London Stock ExchangeENDMSCLLFSAARIALIR(END) Dow Jones NewswiresSeptember 20, 2016 02:01 ET (06:01 GMT)

[blakieboy7] 20/9/2016 07:04

Litigation settled -see RNS

[blakieboy7] 19/9/2016 10:03

Hopefully some news on Wednesday then

[philmac56] 18/9/2016 16:17

Posted on lse by partridge.

Two days set aside for trial hearing, Tuesday & Wednesday.

hxxps://www.cod.uscourts.gov/Documents/Judges/Calendars/2016-09-19/msk.pdf

[philmac56] 18/9/2016 07:11

Twodeg...
No idea, lol.
Keeping all updated.
We should hopefully know post Tuesday court case.
But, who knows when Rick will tell the market!!!

[twodegrees] 17/9/2016 20:26

so philmac56 what does that mean

[philmac56] 17/9/2016 10:55

new court update..

Friday, September 16, 2016
134 misc Stipulation Fri 12:48 PM
STIPULATION to Dismiss Counterclaims with Prejudice by Counter Claimant Nighthawk Production LLC.(Spaulding, Karen)
Att: 1 Proposed Order (PDF Only)

[blakieboy7] 16/9/2016 13:07

We'll see :)

[reallyrich] 16/9/2016 12:54

yep i agree. its debts are just too great

[iicb] 16/9/2016 12:44

It's already worthless imho

[reallyrich] 16/9/2016 08:51

It couLd well be worthless aftet the court hearing.

Fingers crossed

[philmac56] 16/9/2016 08:12

Last throw of the dice...Court Update!!!

Thursday, September 15, 2016
133 trial Exhibit List Thu 5:09 PM
Exhibit List Final Amended Joint Exhibit and Witness Lists by Plaintiff Running Foxes Petroleum, Inc, Counter Defendant Running Foxes Petroleum, Inc.(Rynerson, Stephen)
Att: 1 Exhibit Final Amended Joint Exhibit List,
Att: 2 Exhibit Final Amended Joint Witness List

[iicb] 15/9/2016 17:10

The value is today's share price. I.e almost worthless

[maxwell] 15/9/2016 10:57

Value very difficult to establish hence still sellers around.

[iicb] 15/9/2016 00:35

Excitement level 0

[philmac56] 13/9/2016 19:47

Well we have five working days before we find out!!!

[doe808] 13/9/2016 18:11

Any announcement that uses the phrase "sour grapes" should not be taken seriously.

[maxwell] 13/9/2016 16:21

This is highest for 2 months, but will we continue forward tomorrow?.

[tsmith2] 13/9/2016 13:49

RFP - hot air

[ranald] 13/9/2016 10:00

I would not give any credence to Running Foxes re the comments on Nighthawk working practices. They need to look at their own working practices as they were the operator for us for many years and achieved very little in terms of production, after having expended many 10s of $millions of shareholders cash. The minute they were bought out and a new team installed results began to change, and we are pumping many times more oil from the same acreage that Running Foxes could barely extract anything from.
They are obviously embarrassed that they sold for a price that now appears cheap given the oil now being produced but that was their judgement at the time, when they presumably thought that they could do nothing further with the acreage and that the price they got was fair.
The almost complete failure of their recent legal action would, I imagine, only compound this embarrassment.
If they paid more attention to actually doing what they are supposed to do and produce oil in substantial quantities they might gain a bit more credibility.

[jonc] 12/9/2016 18:40

All I can say is that RFP didn't achieve much for HAWKs acreage when they were receiving tens of millions of dollars from HAWK.

There always seems to be a whiff of sour grapes in their announcements.

[philmac56] 12/9/2016 15:50

Rick, should IMO, release a statement to clarify!!!!

[awise355] 12/9/2016 15:49

Well it doesn't read well, I don't like the fact that they think the pilot is highly risky....

[philmac56] 12/9/2016 15:48

Posted on lse by Mr taggleworth

Proactive investors release
Nighthawk recently drilled five dry holes based on 3D seismic with Cascade. Even if the
waterflood were to work in the Pilot area it is not certain at this time that any mineral, landowner
and royalty interests will agree to expansion of that operation.
Nighthawk and Running Foxes recently settled an issue that was caused by Nighthawk�s
incompetence by overpaying royalties. Running Foxes clearly recognized the error. But instead
of resolving it quickly. Nighthawk incurred 100�s of thousands in attorney�s fees to recover
$19K+ (US).
The ongoing litigation between Running Foxes and Nighthawk had a recent hearing in front of
the presiding judge. Mr. Wilson of Nighthawk agreed to the judge�s request to sit down and
discuss settlement with Running Foxes. Nighthawk�s version in their press release is not factual.
Running Foxes does not expect any settlement and plans to vigorously pursue its claims at trial.
The lawsuit filed by Nighthawk against Running Foxes and American Patriot is frivolous and
represents �sour grapes� after failing to secure certain acres owned by a third party through a
sealed bid process. In May, when Running Foxes attended an arbitration hearing at the request of
Nighthawk, Nighthawk presented an outrageous claim for damages on land undrilled because
they failed to make the winning bid. The mediator, a former state appeal court judge, told
Nighthawk there was no valid claim as no damage could be proven but rather Nighthawk was
attempting to regain an asset by threatening legal action based on being out maneuvered in
business.
In terms of the seismic, American Patriot, prior to its association with Running Foxes, used
Nighthawk�s Arikaree Creek seismic presentation from their website and several other sources
strictly related to Nighthawk�s continuing dissemination of information to find partners and sell
itself, to lease lands. Running Foxes retained the right to use the seismic for its own purposes by
prior agreement with Nighthawk. Running Foxes has been presenting the seismic to Nighthawk
shareholders, potential partners, trade shows and other entities at Nighthawk�s request since at
least 2010. Running Foxes has only presented digital images of its interpretation and no release
of data. Nighthawk�s reprocessing of the data has led to several dry holes in the field. Nighthawk
lost control of several leases due to poor management decisions.
Running Foxes is pleased to announce that is drilling two additional development wells with a
third party at the Livengood Field in Brown County, Kansas. The field has been producing since
1944 but was non-producing when the Company took over the field. The third party has an
option for two additional wells depending upon the outcome of the first two wells. Another seven
locations remain to be drilled. The two producing zones, Hunton and Viola carbonates, are at
2,800 and 3,400 feet