Nighthawk Energy plc Production Update (9027U)

TIDMHAWK

RNS Number : 9027U

Nighthawk Energy plc

24 January 2017

24 January 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 and annual production levels.

Production Update

Gross and net* production, in barrels, for the twelve months of 2016 is summarised below.

 
                             Monthly                          Daily Average 
             --------------------------------------  ------------------------------ 
                    Gross                Net              Gross            Net 
               2016      2015      2016      2015     2016    2015    2016    2015 
             --------  --------  --------  --------  ------  ------  ------  ------ 
 
 January      43,961    63,606    36,017    52,183    1,417   2,052   1,162   1,683 
 February     40,378    55,976    33,053    45,843    1,407   1,999   1,153   1,637 
 March        42,720    59,382    34,942    48,688    1,314   1,915   1,078   1,570 
 April        40,704    59,919    33,319    49,136    1,357   1,997   1,113   1,638 
 May          40,780    59,406    33,410    48,710    1,302   1,916   1,068   1,571 
 June         40,248    54,556    32,916    44,646    1,356   1,815   1,112   1,488 
 July         43,045    56,116    35,162    46,018    1,382   1,810   1,133   1,484 
 August       42,759    53,863    34,885    44,171    1,379   1,738   1,125   1,425 
 September    38,551    48,982    31,459    40,161    1,285   1,633   1,049   1,339 
 October      39,671    49,724    32,246    40,769    1,280   1,604   1,040   1,315 
 November     33,317    46,581    26,990    38,108    1,111   1,553    900    1,270 
 December     35,985    46,068    28,885    37,727    1,161   1,486    932    1,217 
 YTD          482,119   654,179   393,284   536,160   1,439   1,953   1,174   1,600 
             ========  ========  ========  ========  ======  ======  ======  ====== 
 

During November 2016, certain wells were not in production as they were being worked over in conjunction with the Arikaree Creek Pilot water flood project. As shown in the table above, production had resumed on those wells in the second half of December.

*Net production is based upon Nighthawk's Net Revenue Interest of approximately 82%

Chuck Wilson, Chief Operating Officer of Nighthawk, who has over 33 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.

Enquiries:

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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 24, 2017 02:00 ET (07:00 GMT)