Nighthawk Energy Share Discussion Threads

[mallorca 9] 16/2/2017 12:36

Yep ... that triggered a load of buy's - certainly good support at that price !

[mallorca 9] 16/2/2017 12:30

I couldn't resist that ... another 100k 1.15p

[blakieboy7] 16/2/2017 12:25

What's with the drop??? Ffs

[sleveen] 16/2/2017 12:18

mallorca9

Thank you.

[reallyrich] 16/2/2017 12:00

Phil's a millionaire :-)

[mallorca 9] 16/2/2017 11:33

Gosh Phil ... do you really own 4m shares ?
More than me mate.

Well , you're on for £40k for every 1p rise in the share price from here.

Good luck mate ... this time next year we'll be millionaires Rodney :-)

[mallorca 9] 16/2/2017 11:30

Sleveen,

to save you a little work ....

the Water Flood (WF) cost $3m.
This was funded by private noteholders and so this is also a debt.
At the time this deal was struck we had next to no cash and WF was our only chance of survival.
The terms of this loan are that it is repayable this October OR the noteholders can convert this to shares at 1p per share ( this will cause dilution of only 18%).
For them to do this of course the share price would likely need to be in the 3 or 4p range.
The other major private debt is that the Owner put up $10m for the JV and drilling.
This can be converted to shares at 3p per share (obviously the share price was much higher when that deal was done ).

We are now in such a stronger position ... we could even pay off the WF loans from cash if we chose to.

[philmac56] 16/2/2017 11:23

Mallorca..no more share for me here..in excess of 4,000,000, b/e brought down well..

[sleveen] 16/2/2017 11:19

Fair enough, I'll do some sums.

[mallorca 9] 16/2/2017 11:14

Sleeven,

we know what the debt is .... the CBA overdraft facility is $23m and this is maxed out. The new arrangements will increase this ( it used to be higher before the oil price crash). There are also individual notes owing.
I could go into all the detail but why don't you just do a bit of reading for your self. The main thing that I would leave you with is that we are now cash positive and cash is growing daily - net of interest charges.

[mallorca 9] 16/2/2017 11:09

Phil,

sleeve actually made a fair point and showed that he had looked up some detail.
Perhaps unfilter ?

[mallorca 9] 16/2/2017 11:08

Sleeven,
yes I know ... I was using the gross figure. Whether you use the gross or net the % increase is the same.

[sleveen] 16/2/2017 11:06

HAWK may have a cash balance of $5.6m, but what they don't state is the NET debt position after netting off cash with debt.

[mallorca 9] 16/2/2017 11:05

Phil,

production is updated quarterly.
Relax and enjoy our much improved situation and buy lots of shares.

[philmac56] 16/2/2017 11:05

sleveen...sorry still filtered you...so just see a name and no garbage!!!

[philmac56] 16/2/2017 11:04

Mallorca...i am sure knutson's would have a better insight to how things are than us.....rednecks sitting on the fence with nowt to do, counting lorries transporting barrels of oil!!!! lol

The beauty is that if they went for the bigger WF, the pilot is already in place and would continue injection and pumping oil, whilst the other two wells were being converted into injection wells (if it were to go ahead).

Crystal ball!!!

[sleveen] 16/2/2017 11:04

mallorca9

"We've just been told that January production was 1400 barrels per day".

RNS states:Total production for the month of January 2017 was approximately 43,595 gross (35,544 net) barrels as compared December 2016 production of 35,985 gross (28,885 net) barrels.

That's 1146 bopd NET to HAWK.

Naughty, naughty.

[philmac56] 16/2/2017 10:59

mallorca..
re:-WF..i am referring to SEEING production levels increase slowly within the WF area via well info, when it become common knowledge

[mallorca 9] 16/2/2017 10:59

The confidential aspect by the way is probably to keep the information away from the Knutson family - very sensible too. I think that in the main Hawk is very well managed.

[mallorca 9] 16/2/2017 10:56

Over the past few week I have added 500k shares at an average of 1.3p.
I am absolutely delighted with that.
I'm adding to and building my stake now.

[mallorca 9] 16/2/2017 10:49

Morning Phil,
boy .. I thought everyone had left :-)

Why do people need constant news, surely that just leads to pump and dump.
Yes I know that news flow could have been better in the past.

We've just been told that January production was 1400 barrels per day.
Cash is now over $4m net of WF.

In 2016 ... RF settled, Cascade settled, WF pilot approved and financed, workovers completed.

In 2017 Hawk should just keep pumping and building up the cash.
Exploration .. leave until late 2017 or 2018 when the oil price is higher.

I'm not sure what more WF news you're expecting ? We'll see production increase as its effects take place, along with reserve increases.

Last year, in desperate times, the owners accepted short term finance for WF at 15% interest. They went to court with RF and again over WF. They spent money on workovers. They must see great long term potential in the assets of Hawk.

Rick has proven to me to be VERY good in putting financial deals together. He did this in extremely difficult times. He is now is the best position that he has been in for two years or more and WILL confirm the new long term financing when all the details are in place. This will include the necessary headroom for our future exploration and shale development in both our acreage and the JV acreage.

In the meantime relax and enjoy the fact that production is now on the rise (along with the oil price )and cash is building fast.

[philmac56] 16/2/2017 10:10

Just looked at data on Cogcc.

We currently have three wells which are showing confidential.

Probably having work-over??

Probably the most significant one being the Blackcomb well as that is the well that is in the WF area.

We have already been told that the Monarch well is doing well, but how well, we will have to wait to see!

Mary Jane until 30/4/17
Blackcomb 5-14 until 10/6/17
Monarch 10-15 until 30/6/17.

I am afraid i think we will just bob along until, possible news of Refinance deal up and running. Then continue that level until WF news.
GLA

[mallorca 9] 16/2/2017 08:57

I have added ... at 1.25p.
I hope that this will prove to be a great price.
Market psychology is so strange ... things today are so much more favourable than at any time in the past two years.
So many positives have now happened.

Good luck all but I honestly do not see many opportunities ahead to buy at 1.25 or less.

[maxwell] 16/2/2017 08:52

Little trades and no interest here! Wonder why!!