Share Name Share Symbol Market Type Share ISIN Share Description
Nighthawk LSE:HAWK London Ordinary Share GB00B156TD53 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.025p -7.14% 0.325p 0.30p 0.35p 0.35p 0.325p 0.35p 4,471,557 09:00:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 14.6 -10.4 -0.8 - 3.13

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Date Time Title Posts
18/11/201721:42Nighthawk Energy . . a dynamic new oil &gas production company126,998
06/11/201518:08HAWK.....'3.3p to 33p' 61
23/10/201517:28Nighthawk - the bullish thread - good news only thread202
23/10/201513:13Hawk's Historical Society6
23/10/201511:15HAWK long and short discussion thread13

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DateSubject
19/11/2017
08:20
Nighthawk Energy Daily Update: Nighthawk is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker HAWK. The last closing price for Nighthawk Energy was 0.35p.
Nighthawk has a 4 week average price of 0.23p and a 12 week average price of 0.18p.
The 1 year high share price is 1.70p while the 1 year low share price is currently 0.18p.
There are currently 963,076,330 shares in issue and the average daily traded volume is 914,937 shares. The market capitalisation of Nighthawk is £3,129,998.07.
07/11/2017
10:43
marmar80: Regarding dilution as mentioned today. I hate this idea, but assuming the oil prices staying at this or higher level, the dilution if happens, can be announced at significant premium to the current share price. Would be no point wasting oil price rising as a support to such decision.
26/10/2017
08:41
marmar80: I said that many times. Issue of new shares at 5-7p would have cleared all the debts and put the company on a completely a new road. Now Rick having previous connections with JPMorgan invesments can still save Hawk by issuing unsecured bond that would clear all the debts and avoid share issue. This kind of news would immediately lift the share price to 1p minimum and bring back the optimism and support of long sufferring shareholders.
05/10/2017
07:11
highasakite: "If so, why did you not warn people at, 12p 11p 10p 9p 8p 7p,.....etc Oh the power of Foresight!!!" I did many times at much higher share price levels.
18/9/2017
19:24
philmac56: Well over the weekend I sent an email to Bod of hawk, expressing my concerns about the loss of my equity/share price. I.e fall during Rick reign from 12p to .0035p. I have today had a reply from Hawk, their reply was as expected, not one of my questions answered. As expected, quoting..Nighthawk is subject to regulatory obligations around when the Company can or needs to disclose certain material information. One good point though!!!...Nighthawk is focused on improving the operations and position of the Company, including the current water flood project, I wait with baited breath!!
06/7/2017
11:01
marmar80: We are all depressed as the share price is on the chart. Imagine a few buys now and share price moving higher for 2-3-4 days without a reason. All I want to say is that this sentiment lasts too long and have to change. Rick buy some, let us be positive again about Nighthawk Energy :)
09/6/2017
07:42
rockin robin: ???Just a bit of clarification please?So, if ....3,000 Hawk shares (or similar) are sold, that always seems to result, in driving the Hawk share price down at least 3.5% - ok, then, once more,... what happens when someone buys 1.3M Hawk shares?Thanks in advance.
15/3/2017
08:18
mallorca 9: Marmar, the RNS contains the directors binding statement that they are not going to make any changes to the Co. All ... The share issue (instead of cash repayment) means that the concert party will hold just over 30% of shares. For a hostile takeover they would require over 50%. The noteholders have the choice of cash repayment or shares at 1p each. Lets hope that the share price on the day is so attractive that they all choose the share option (18% dilution). One important new gem I picked out of the RNS ..... Should the waiver not be approved and the noteholders elect to take shares .. then the 30% is exceeded and a mandatory offer must be made to independent shareholders for the purchase of all of their shares. This offer must at least equal the highest price that any concert party member has paid for a share in the preceeding 12 months. I'm guessing that will be lower than todays market share price ! I will vote in favour of the resolution ... it conserves cash in the business (vital) and , if the noteholders elect to take shares instead of cash repayment, shows confidence in the future.
04/11/2015
11:48
tsmith2: RBL redetermination reduces borrowing base Nighthawk’s borrowing base available to be drawn was reduced from $32m to $27m (the company had drawn down $30m on the RBL facility at 30th June). In order to conform with the new borrowing base, the company will make three payments of $1,000,000, due in early December, January and February. The January and February payments may be avoided if additional reserve value is added either from the current drilling program, upward adjustments to existing well recoverability and/or increases in the forward strip price of crude oil. As of October 31, the company had approximately $11 million, on hand. Based on our estimates, Nighthawk should have adequate cash on hand to meet the above debt payment obligations, maintain its necessary liquidity as well as complete the current drilling programme. Hedging strategy will boost cashflows As of 1 November 2015, Nighthawk had 54,000bbls of production hedged at a weighted average price of $70.13/bbl for the remainder of 2015. As these hedges settle in November and December, Nighthawk will realize approximately $1,350,000 in cash flows above the current market prices. Gross average price realized for September production volumes was approximately $53.00 versus the average WTI price of $45.47/bbl. For 2016, 167,000bbls are hedged at a weighted average price of $63.63. Water flood project to add substantial volumes at low cost Nighthawk recently provided an update on its Arikaree Creek water flood project. The project has the potential to add reserves equivalent to 5-10 new Spergen wells in the field at a projected capital expenditure of roughly $2 million. The project is expected to be completed by mid-2016. Buy on any weakness Nighthawk has 3 months to reduce its borrowings to meet the new borrowing base and, in the event that oil prices improve and/or the current drill ing programme bears fruit, the payments of $1m may be avoided. Nighthawk is benefitting from a good hedging strategy and looks set to add production and reserves from the waterflood project at very low cost. As we highlighted in our recent note “A turning point for the E&P sector”, we are positive on the oil price and E&P sector and would buy into any weakness in the Nighthawk share price on the back of this news.
04/11/2013
16:14
baron83: [...] Nighthawk Energy Attracts Farm-In Partners To Exploit Its Unconventional Oil And Gas Acreage In Colorado Has the management of Nighthawk Energy been reading Oilbarrel? It is entirely possible. When writing about the AIM-listed group last September we said that now the recovery of the group was underway and the company was achieving increased production it could use the positive cash flow to attract farm-in partners. Now the company has recently announced that its has indeed entered into a farm-out agreement with an undisclosed private Denver-based oil and gas company covering 4,572 acres of its owned and operated Jolly Ranch project in the Denver Julesberg Basin in Colorado. This is an intriguing development and deserves some elaboration. Not so very long ago the Jolly Ranch asset was touted as a potential world-class property possibly capable of delivering thousands if not tens of thousands of barrels of oil equivalent a day by drilling into conventional and unconventional zones including shale. In fact a real bonanza was expected to come from the shale gas in the Cherokee and Marmaton horizons at its Jolly Ranch acreage. But by late 2011, as Stephen Gutteridge was later to say: "The company was dead on its feet". Early in 2012 the old management resigned and a new team under Stephen as CEO took over. He found that, with operatorship problems, the company had been burning through cash on a series of under-performing assets. It had been so poorly managing the flagship Jolly Ranch that output fell to a derisory level of 30 bopd. The fresh managers, having bought out Nighthawk's former partner, privately- owned Denver- based Running Foxes and gaining operational control the group began to ramp up output and started to show some reward to those long–suffering investors who stuck with the company through the dark times. The share price is up almost 200 per cent over the past year and its 2013 exit rate production target of 1000 bopd has been comfortably exceeded. Nighthawk has recently reported in an update that August average oil production set a new record of 1,661 barrels at average realised price of US$97 a barrel. The irony is the jump in volumes isn't down to unconventional horizontal drilling for shale on Jolly Ranch Ranch but from a conventional discovery, the Mississippian Arikaree oilfield which has exceeded all expectations.The break-through well here was the Steamboat Hansen 8-10 well a Mississppian discovery that came online in November 2012 with initial production of 250 bopd and today is averaging about 400 bopd with no water. This well paid out investment within three months. This summer has seen more wells brought onstream at Arikaree: Big Sky came online in May and is producing 400 bopd, Taos 1-10 starting producing in June and in July the Silverton 16-10 and Snowbird 9-15 wells began contributing a combined average of 257 bopd. There could be more to come. There was downtime in September because of maintenance issues but more wells are planned. In October the first two wells in the programme were development ones in the same structural block as the Silverton 16-10 and Snowbird 9-15 wells. After that there will be a number of both development and exploration wells. At the current level of output at US$97 a barrel the company can generate some US$4 million a month cash flow. House broker Westhouse reckons that more barrels yet can be produced. The broker says that based on an old CPR there were some 0.3 million barrels of 2P reserves that could be recovered from Arikaree. But that estimate was on the basis of one well result. Westhouse has said that it believes that circa 8 million barrels of resources could be recovered. In the light of the five Arikaree results Westhouse has upped its target price for Nighthawk from 10.7 pence to 14 pence per share (it is currently 9.08 pence a share). It says about the updgrade : "More importantly, we now assign the majority of the value (11.5 pence/share) to the conventional asset and a transactional valuation (2.5 pence/share). This is all well and good but the real prize that should be thought about is the unconventional acreage. The CPR that Westhouse was drawn up back in the day when David Bramhill was Chairman of Nighthawk before Stephen Gutteridge succeeded him. The CPR said the P50 or most likely oil in place (OIP) estimate of the 246,000 acres evaluated, using probabilistic methods is calculated to be 1.462 billion barrels gross. Never forget that the Nighthawk share price was once over 100p a share. Although the "farmee" has not been named, other big players on the Colorado patch include Devon, Anadarko and Southwestern They have probably been casting covetous eyes at Jolly ranch. Nighthawk says: "Both farmee and Nighthawk have acreage positions in the immediate vicinity of Limon, on the northernmost part of Nighthawk's Jolly Ranch project around 15 miles south of Nighthawk's producing Arikaree Creek oil-field." The 4,572 acres farmed out covers Nighthawk's 100 per cent working interest of Nighthawk's Jolly Ranch project near Limon. The farmee has recently conducted a 30 square mile 3D seismic survey and operates two wells on the acreage with production from both the Cherokee and Marmaton horizons. Nighthawk's nearest well is the John Craig 6-2 well, about three miles south of the 3D survey area, which has also produced from the Cherokee and Marmaton zones. The farmee will earn a 50 per cent working interest (40 per cent net revenue interest) by drilling as operator three vertical wells on the farm-out acreage. The farmee will carry all costs for Nighthawk's 50 per cent working interests through to the tanks. Drilling is to start no later than April 30 2014. Since it costs around US$1.5 million to complete this kind of well this is no big deal, as these things go, and certainly not an exit strategy as yet. But it could be a first step in that direction. It means development of the unconventional assets while allowing Nighthawk to continue to focus on the Pennsylvanian and Mississippian targets. The shares closed at 11.88p on Friday
18/9/2013
12:11
philmac56: September 18, 2013 Nighthawk Energy Reports Record Output of 1661 Bopd As Its Recovery Continue The recovery at Nighthawk Energy is continuing apace. The AIM-listed company has recently reported in an update that August average oil production set a new record of 1,661 barrels at average realised price of US$97 a barrel. This is not a great increase over July when the average output stood at 1,500 bopd. But is a great deal more than was achieved this time last year when, as the new chairman Stephen Gutteridge was later to say, "the company was dead on its feet". When a new management team under Gutteridge took over earlier in 2012, the company had been burning through cash on a series of under-performing assets. It had been so poorly managing its flagship project-the Jolly Ranch acreage in Colorado that output fell to a derisory level of 30 bopd. Yet the fresh managers ,having bought out Nighthawk's former partner, privately owned Denver based Running Foxes and gaining operational control began to ramp up output and started to show some reward to those long –suffering investors who stuck with the company through the dark times. The share price is up almost 200 per cent over the past year and its 2013 exit rate production target of 1000 bopd has been comfortably exceeded. The irony is the jump in volumes isn't down to unconventional horizontal drilling for shale on the Jolly Ranch Ranch (from which much was expected) but from a conventional discovery, the Mississippian Arikaree oilfield which has exceeded all expectations. The break through well here was the Steamboat Hansen 8-10 well a Mississppian discovery that came online in November 2012 with initial production of 250 bopd and today is averaging about 400 bopd with no water. This well paid out investment within three months. This summer has seen more wells brought onstream at Arikaree: Big Sky came online in May and is producing 400 bopd, Taos 1-10 starting producing in June and in July the Silverton 16-10 and Snowbird 9-15 wells began contributing a combined average of 257 bopd. There could be more to come. There has been some downtime in September because of maintenance issues but more wells are planned. In October the first two wells in the programme are development ones in the same structural block as the Silverton 16-10 and Snowbird 9-15 wells. After that there will be a number of both development and exploration wells.At the current level of output at US$97 a barrel can generate some US$4 million a month. House broker Westhouse reckons that more barrels yet can be produced. The broker says that based on an old CPR there were some 0.3 million barrels of 2P reserves that could be recovered from Arikaree. But that estimate was on the basis of one well result. Westhouse now says that it believes that circa 8 million barrels of resources could be recovered. In the light of the five Arikaree results Westhouse has upped its target price for Nighthawk from 10.7 pence to 14 pence per share ( it is currently 9.08 pence a share). It says about the updgrade : "More importantly, we now assign the majority of the value (11.5 pence/share) to the conventional asset and a transactional valuation (2.5 pence/share). This is all well and good but the real prize that should be thought about is the unconventional acreage. The CPR that Westhouse was drawn up back in the day when David Bramhill was Chairman of Nighthawk before Stephen Gutteridge succeeded him. The CPR said the P50 or most likely oil in place (OIP) estimate of the 246,000 evaluated , using probabilistic methods is calculated to be 1.462 billion barrels gross. Never forget that the Nighthawk share price was once over 100p. The current managers of Nighthawk may now be thinking that they could use the positive cash flow being generated to attract farm in partners. On the other hand the other big players on the Colorado patch like Devon, Andadarko and Southwestern are probably casting covetous eyes at Jolly ranch and think they may able to get their hands oln it cheaply. The current team has an exit strategy at hand if it wants to go that route. A new CPR is currently being prepared so we live in interesting times.
Nighthawk Energy share price data is direct from the London Stock Exchange
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