Nighthawk Energy Share Discussion Threads

[gazza102] 26/4/2017 07:31

How much debt does hawk still have?

[mallorca 9] 26/4/2017 07:28

Chesty,
it'll come. Financially we're in a stronger position than at any time since 2014.
The current CBA deal expires end June.
I expect that we'll renew with them but, once our increased confirmed reserves are added back, then our headroom should be increased (maybe back to the old $30m overdraft limit), and the interest rate returned to 'normal'.

Drill campaign to follow in both our acreage and with Cascade in the JV.

[mallorca 9] 26/4/2017 07:23

So we're on for $20m plus revenue this year.
We certainly are moving forward onto a more solid financial footing.

We'll be paying a divi soon at this rate :-)

[chesty1] 26/4/2017 07:23

Would have been nice to add in funding update!

[mallorca 9] 26/4/2017 07:17

More workovers. Lots going on.
Net production 83,710 barrels x $55 = $4.6m revenue year to date.

[rockin robin] 26/4/2017 07:13

The Company currently expects augmented volumes from its Pilot water flood project to be realized in Q2 of 2017.Nice update..

[philmac56] 26/4/2017 07:10

RNs out on production, still bringing in the $$$$$, revenue can only increase from our recent lows due to workovers etc

[jonc] 26/4/2017 07:08

Still declining. I doubt if the waterflood will give any major boost to overall production.

[broncowarrior] 26/4/2017 07:08

Production up on the month, wells returning to production.

[mallorca 9] 26/4/2017 06:37

Thanks Phil - a lot going on !

I'll post later on expected 2017 H1 financials - just need to re read the detail.

[philmac56] 25/4/2017 21:21

Partridge on lse posted the following at Blackcomb 5-14

Taken from field inspection: 'Operator called COGCC Inspector on the morning of 4/17/2017 to report spill at wellhead (part of enhanced recovery project) from previous day (Sunday). Spill was estimated at ~5 BBLs from a failure of equipment in the well shed. Free oil was ~4-5" deep inside shed at the door. Metal berms with lining contained most of spill however some oil also sprayed outside of containment to the east and west. See attached photos. E3 trucks on location to clean up oil'.

hxxp://ogccweblink.state.co.us/DownloadDocumentPDF.aspx?DocumentId=4125646

[troutisout] 25/4/2017 18:18

Not only that, I remember when this company had an MD buying it's shares 'as a sign of confidence', what happened then????

Director buying and PIs who see that as confidence need to look at all the Companies where BoDs were buying shares at multiples of where they are now, then they would see it is hardly a sign of confidence on the AIM market...

[philmac56] 25/4/2017 16:56

I bet if it was googled, there are many, many companies that have had no buying by their BOD over a two year, or even longer period.

[reallyrich] 25/4/2017 16:19

well its generally seen as an act of confidence. I am sure Rick and fellow board members have a spare bit of cash to buy a few.

[troutisout] 25/4/2017 15:56

Not sure BoD buys are the answer, if they weren't big enough, everyone would say they were just a token gesture (and they are never, generally big enough to satisfy PIs).....

[reallyrich] 25/4/2017 14:55

Come on Phil I think no board buys for about 2 plus years

[philmac56] 25/4/2017 14:41

Could be in closed period.....Ann results due may/june

[twodegrees] 25/4/2017 14:33

philmac56 , ok share issue not imminent, therefore no news to speak of...therefore slow drip downwards. I cannot understand why no one on the board, if they are so confident are not purchasing shares to show some faith in the company. We are not in a closed period.

[philmac56] 25/4/2017 13:26

Let's not go back over old ground...Share issue is not imminent... Sometime in the future

[marmar80] 25/4/2017 13:09

They have also debt and pending 250m share issue

[rockin robin] 25/4/2017 12:37

2degI think this is definitely 'a quiet period' for HAWK.The nett production figures are historically up some 33% in 2016 - Nov 16 nett figs to Jan 16, depends from when & where, you look at them from..Refinance News - Loan holders News - a Production update - & a Pilot update and a stronger Oil Market would all help here.It it goes to .75, I think you'll find there will be quite a few new buyers...They have $5.6M in cash & in there, monies, set aside to finish existing projects, so hopefully, plenty of scope & time left to 'get to' a better Market position. One to monitor atm. GL.