Nighthawk Energy plc Company Update (6920Q)

TIDMHAWK

RNS Number : 6920Q

Nighthawk Energy plc

14 September 2017

14 September 2017

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 current production levels.

Production Update

Gross and net* production, in barrels, for the first seven months of 2016 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 
 YTD         254,363   291,836   187,578   238,819   1,200   1,370   885    1,121 
            ========  ========  ========  ========  ======  ======  =====  ====== 
 

*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.

Chuck Wilson, Chief Operating Officer of Nighthawk, noted: "The effects of the Arikaree Creek Water Flood Pilot Project field, along with the efforts from the production operations team, have kept the natural decline from production lower than historically experienced. "

Interim Results

The Company expects to announce its interim results for the six months ended 30 June 2017 during the week commencing 25 September 2017.

Enquiries:

 
 Nighthawk Energy plc 
 Rick McCullough, Chairman         [phone] 
 Kurtis Hooley, Chief 
  Financial Officer           [phone] 
 
 Stockdale Securities 
  Limited                     [phone] 
 Richard Johnson 
 David Coaten 
 

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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September 14, 2017 02:00 ET (06:00 GMT)