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 Shares Traded Last Trade
  0.00 0.0% 0.115 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.00 0.00 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 14.60 -10.36 -0.81 1
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.115 GBX

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Date Time Title Posts
03/8/202008:50Nighthawk Energy . . a dynamic new oil &gas production company128,296
06/11/201518:08HAWK.....'3.3p to 33p' 61
23/10/201518:28Nighthawk - the bullish thread - good news only thread202
23/10/201514:13Hawk's Historical Society6
23/10/201512:15HAWK long and short discussion thread13

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Nighthawk Energy (HAWK) Top Chat Posts

maxwell: For tax purpose the share price is considered zero by the Inland Revenue
blakieboy7: What I don't understand is why Hawk still exists in my portfolio?? Why doesn't the share price simply read as zero and the line of stock simply disappear?
philmac56: What an appointment...he will have to change his CV ) Profile now... Nighthawk Energy plc Announces Appointment of Executive Chairman NEWS PROVIDED BY Nighthawk Energy plc Sep 24, 2014, 04:23 ET LONDON, Sept. 24, 2014 /PRNewswire/ -- Nighthawk Energy plc (AIM: HAWK and OTCQX: NHEGY), the US focused oil development and production company, announced on 31 March 2014 that Stephen Gutteridge had informed the Company of his intention to step down from his position as Executive Chairman. The Company is pleased to announce that Richard ("Rick") W. McCullough has been appointed as Executive Chairman, effective from 1 October 2014. Rick will be based in Denver, USA. Rick has over 30 years' experience in the US energy and oil and gas industries with over 20 years at the executive level. He served with PDC Energy Inc. as Chief Financial Officer from 2006 to 2008 and as Chief Executive and then Chairman from 2008 until 2011, where he led a strategic turnaround resulting in an almost four-fold increase in share price. In 2011, he was named as CEO of the year for US mid-cap companies by Investor Relations Magazine.
philmac56: Dear Mr McCullough, & Board members of NHawk, You do not know me. However, as a shareholder of Nighthawk Energy I know of you all through my shareholding which I have witness crash from approx. 11p to zero per share during your time at the helm (1). During your time at the helm you have kept me and all other shareholders in the dark about the way the company was heading/performing i.e. 1) Who now runs the Salen well? 2) Who were our intended farm in partners? Was it Polaris Production Partners?? 3) The hopes you all seem to pin on waterflood, which has failed dramatically....just to name a few! However, since your appointment on 1/10/2014, (SP around 10p) I have witnessed that within four years of your appointment at N hawk, all my investment disappear. Footnote (2) gave hope!! The content of the RNS was upbeat! share price around 6p. Footnote (3) gave further hope!! The content of the RNS was upbeat and indicated that JC was prepared to lend more money for further drilling to take place. Footnote (4) start of the rot! share price close to 4p. Footnote (5) the rot continues! Footnote (6) the writing is on the wall! Footnote (7) 2 ½ months before you inform shareholders!! share price around 2p!! Footnote (8) start of a false dawn!! share price around 0.05p!! Footnote (9) another rotten apple bites the dust. Footnote (10) another false dawn appears!! Footnote (11) now CBA become very concerned about their money!! I could go on & on, but why!!!! Some legacy you have left behind!! (1) The Company is pleased to announce that Richard ("Rick") W. McCullough has been appointed as Executive Chairman, effective from 1 October 2014. Rick will be based in Denver, USA. (2) RNS Number : 1794F Nighthawk Energy plc 18 February 2015 (3) RNS Number : 2853W Nighthawk Energy plc 18 August 2015 (4) RNS Number : 7525C Nighthawk Energy plc 20 October 2015 (5) RNS Number : 1911D Nighthawk Energy plc 23 October 2015 (6) RNS Number : 9987G Nighthawk Energy plc 26 November 2015 (7) RNS Number : 5854I Nighthawk Energy plc 10 December 2015 (8) RNS Number : 5155A Nighthawk Energy plc 08 June 2016
marmar80: 23 September 2014NIGHTHAWK ENERGY PLC("Nighthawk" or "the Company")Appointment of Executive ChairmanNighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), announced on 31 March 2014 that Stephen Gutteridge had informed the Company of his intention to step down from his position as Executive Chairman.The Company is pleased to announce that Richard ("Rick") W. McCullough has been appointed as Executive Chairman, effective from 1 October 2014. Rick will be based in Denver, USA.Rick has over 30 years' experience in the US energy and oil and gas industries with over 20 years at the executive level. He served with PDC Energy Inc. as Chief Financial Officer from 2006 to 2008 and as Chief Executive and then Chairman from 2008 until 2011, where he led a strategic turnaround resulting in an almost four-fold increase in share price. In 2011, he was named as CEO of the year for US mid-cap companies by Investor Relations Magazine. PDC Energy is a NASDAQ listed, independent oil and gas company operating in Colorado and the Marcellus Shale in West Virginia, with a current market capitalization of US$1.9 billion.Prior to joining PDC Energy, Rick served as President and Chief Executive Officer at Gasource, LLC and as an investment banker at JP Morgan. During his career, he has led teams in completing over three billion dollars of transactions in the energy markets.Stephen has been Executive Chairman since January 2012. Over the past two years Nighthawk has built a strong foundation for further success with attractive assets, good production levels and strong operating cash-flow, and the US operation has grown to achieve critical mass. He has been working with Rick in recent weeks to expedite an efficient handover of responsibilities. Stephen will retire as a director of Nighthawk and leave the Company on 30 September 2014.Stephen Gutteridge, Chairman of Nighthawk, commented:"As signaled earlier this year, we are restructuring the Board so as to move the focus of executive responsibility to the US where the Company operates. Our Denver team has delivered significant success over the past two years and built a US company that has good future prospects."Rick brings a wealth of experience to the Company and a strong track record of delivering growth married to disciplined risk management, efficient capital employment and transaction experience."Having stabilized the business and overseen a successful turnaround, I'm confident that I am stepping down with Nighthawk well-positioned to enjoy a period of strong growth and value creation."Rick McCullough, Chairman-elect of Nighthawk, commented:"I am looking forward to working with the Nighthawk Board and team in Denver and the UK to build further on the successes achieved since 2012 and to drive further value from the substantial opportunities available to Nighthawk in its next stage of development."Johan Claesson, Non-executive Director of Nighthawk, commented:"I have worked with Stephen and the board since Nighthawk's restructuring and refinancing of early 2012, a process in which Stephen was instrumental. Stephen has worked with both shareholders and the operational team and has been a key contributor to Nighthawk's achievements during this time."With his open mind, good business sense, as well as an objective of considering the interests of all shareholders alike, Stephen has created an atmosphere of trust and credibility for Nighthawk, which I believe is one of the key factors for success in companies with growth ambitions."On behalf of all shareholders, the Board and the Company, I would like to wish Stephen every success going forward and I am confident that he will find other situations where he can bring his skills to bear in creating shareholder value."Looking forward, I am pleased that we have secured a new Chairman in Rick McCullough. Rick brings with him a strong track record in growing cash flow and value in the exploration and production space and I look forward to working closely with him."- Ends-Enquiries: Nighthawk Energy plc Stephen Gutteridge, Chairman
marmar80: Yes, with oil at $70 they could be easily profitable again! Part repayment say half of the capital + 1 year debt extension would shot the share price to minimum 1p allowing company to rise additional $1m for drilling two new wells. Nighthawk needs $10m loan from private fund, fresh discussion with CBA to extend for a year. Rick if not on our side, needs to be replaced.
pwhite73: None of what has been posted since the suspension has anything to do with the listing. HAWK has been suspended from the AIM and will not return. The reason is the nominal value of the shares is 0.25p. HAWK shares last traded at 0.10p. The only purpose of maintaining a listing is to raise fresh capital. HAWK cannot issue new shares if the price is trading below the nominal value. The share price would need to make a 150% gain before they could raise further equity. The other alternative is to recapitalise. From the RNS history raising finance from its listing is not something they do. From all this you can conclude there is no reason why HAWK should incur the annual listing cost of £250k. One of the next announcements you are likely to read is the resignation of the nomad.
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.
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.
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
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