Nighthawk Energy Share Discussion Threads

[philmac56] 26/1/2017 07:24

Mallorca...Agree, if we can believe the figures released!!?

This is important data, which effects their bottom line, hence borrowing powers.

This data needs to be double checked, before it is released.

Any bank would question the validity of such figures!!!

[reallyrich] 26/1/2017 07:23

Mallorca, you defend them well to the end. lol

[mallorca 9] 26/1/2017 07:17

Just confirming December production etc (again).
Be patient, the ramp up is from January onwards.

[reallyrich] 26/1/2017 07:14

well great RNS again

[philmac56] 26/1/2017 07:12

A correction AGAIN!!!

Does anyone check the figures before they are released!??

Can we believe flow rates from water flood once they are released!??

[effiert] 25/1/2017 09:55

o/t #AST that's one impressive flare, some 30-40ft. Last flare pics I saw that good were from PANR. Must be some serious pressure down that hole

[mallorca 9] 25/1/2017 09:54

Fairly steady stream of buying.

[lptuf93] 25/1/2017 09:25

Good early volume today.

[mallorca 9] 24/1/2017 10:31

They recently paid $500k (plus add on's) to Cascade to complete their JV obligation and thus continue the JV. Does anybody really think that the owners would have done that if there was ANY chance that Hawk was about to file for bankruptcy ? They have continued to financially back the business because of the great potential of Hawks assets.
Signing off now for a bit gents but this is an absolute snip at the current share price and an opportunity that will be gone once they roll out the replacement financial arrangements and exciting growth plans.

[mallorca 9] 24/1/2017 10:17

They've just invested in a work over programme , have spent $3m on WF, leasing equipment for 5 years, and paid money to Cascade to enable the continuation of the JV - securing a 50/50 cost and revenue split for future wells in the remaining JV acreage - as well as other activities that you are all aware of.
I doubt whether the owners would have sanctioned that expenditure if they did not think that they could secure continuing financing of the business.

[mallorca 9] 24/1/2017 10:00

Sleveen,
the Management cannot lay out their future expansion plans until they have put the necessary financial facility in place. In 2016 they were certainly not in a position to do this - 2016 was a survival year and had the note holders not supported Hawk (at a 15% interest ticket to account for their risk ) then Hawk would be no more.
The picture is now different.
The CBA currently has the right to call in the full loan of $23m in March 17 at it's discretion. If WF has worked then Rick will be renegotiating now with CBA and other possible alternative lenders, to remove that threat and to put new long term financing in place. Only then can they roll out the sequence of development plans that they will have, hopefully along with production forecasts.

[mallorca 9] 24/1/2017 08:29

RR , I agree my friend and as you saw, my patience was tested recently.
I'm just grateful however that Hawk survived 2016 (over 100 USA energy Companies filed for bankruptcy in 2016 - source CNBC) and that now - subject to achieving refinancing (which I'm confident they will), we have a growingly solid Company again.

[reallyrich] 24/1/2017 08:13

Mallorca while i agree to a certain point. Thwy could of given at least a hint of how it was going since the life of the company depwnds on it

[mallorca 9] 24/1/2017 08:08

If you think that's Hawk as a business is pretty secure now then buy now.
The alternative is to wait until they announce the replacement of the existing CBA facility with a new 3/5 year arrangement and probably at the same time, update on production with WF impact.
At that stage this becomes investable for institutions and the share price suddenly becomes 4p .. 5p etc.

[mallorca 9] 24/1/2017 08:02

I assume that some are anxious for the WF figures so that any share price spike allows them to exit - that's fine.
For me I'm confident that the share price will triple from current levels this year (at least).
I'm a buyer at these levels.
Rick stated that he wanted to replace the existing CBA facility this year.
He's now in a strong position to do this.
That will be the catalyst for our longer term growth.

[rjcdc] 24/1/2017 07:45

Exactly cotton. Are they YTD?

[rjcdc] 24/1/2017 07:45

So why say current production levels in the RNS? And why are the ytd average daily figures wrong?

[cottonpickers] 24/1/2017 07:44

The math is wrong in that RNS. Daily gross average in 2016 is 1313 barrels not 1439

[mallorca 9] 24/1/2017 07:42

It just adds in the December figures - which were missing last time and confirms that the work over wells came back on line in December.

Just awaiting the WF performance, which will be included in the January figures.

All things positive.

[rjcdc] 24/1/2017 07:34

Makes no sense that RNS, and why not give a current production rate and status report? Is the water flood proving to be successful for eg, is that what they mean?

If it's a production report for the year then why have a year to date line? And how are the daily averages for year to date higher than nearly all months in 2016?

it also says an update to current production levels in the first line....

I think we'll get an updated one later on.

[1628386] 24/1/2017 07:32

My take is a full disclosure month by month until the injection commenced to allow an easy read across for the coming WF months

Sign of confidence maybe?