Nighthawk Energy Share Discussion Threads

[mallorca 9] 28/4/2017 12:25

RR,

that's how Hawk started. The current conventional field was almost stumbled upon by accident but is currently the focus as it is low cost and 'easy' revenue.
The shale history is worth reading and is within the 'jolly ranch' area.
I think we have one producing well there (John Craig - Phil might confirm)but the shale assets are significant. Something to come back to in the future once the oil price justifies it.
In the mean time it's building revenue via the conventional low cost field.
Visit the website and look up operations - a bit about Jolly Ranch there.

[rockin robin] 28/4/2017 12:08

Any more info / reading on the shale reserves Mal??

[mallorca 9] 28/4/2017 09:55

1st May Monday.
You may get your update next week Chesty !

2017 is all about building cash and putting the Company back onto a solid financial footing.
The current CBA deal expires end June. We'll see what happens.
CBA did also have the option to call in the full loan amount of $23m at end March 17 - but they chose not to do so !

Rick stated last year that he wanted to replace the existing financial arrangements this year - we're on such a stronger footing now.
Also those who funded WF (mainly the two big shareholders)are electing to take the repayment in shares rather than cash.

Re Water Flood - please remember that this is more about increasing recoverable oil in place rather than increasing monthly output (output may be held back until the oil price increases).
The models stated recoverable oil of 3m barrels with WF.
To date we have taken around 0.5m barrels from this field.
WF gives us around 4 years of production (increased bopd)from this field alone.
This builds cash as we then look at developing our other assets - not least of all our JV acreage with Cascade - which we paid $10m for (including drilling costs etc).
Don't forget shale reserves also by the way.
However, as stated, 2017 is about getting the Company back onto a strong footing - and that's happening.
Happy holiday weekend all.

[philmac56] 28/4/2017 07:09

RR thanks for the info, interesting read

[rockin robin] 27/4/2017 20:55

https://www.google.co.uk/url?sa=t&source=web&rct=j&url=/amp/www.cnbc.com/amp/2017/04/27/global-crude-oil-discoveries-plunge-to-record-low-and-its-gonna-get-worse.html&ved=0ahUKEwi44ZjqtMXTAhWKBcAKHY0eBgUQqUMIJDAC&usg=AFQjCNE6qDRhkrBP0cJBPxfXFF8yU6Zjnw&sig2=jfLzeLjAOprqgwvh0Ll2dg

[chesty1] 27/4/2017 14:39

Cheers Mallorca yes that is a big plus imho. Your starting to like it now aren't you lol.

[mallorca 9] 27/4/2017 08:50

Chesty,

I also see that the professional services companies used took payment in shares rather than money - that is positive.

[reallyrich] 27/4/2017 08:50

Mallorca go with sqz no debt making loads of cash and greatbassets. I bought in at 9.2p 1q6p when i recommwnded it to hawkeres 22p ans 31p so i have a fiar amount. Still will go lots more

[chesty1] 27/4/2017 08:32

Cheers for taking the time to have a look Mallorca, hawk was my baby years ago and my account is very red with hawk shares I do not trust current management to perform but will not sell out at such a loss and will not average down anymore until I see the funding update.IOG is currently seeking a producer to fill the gap they are in bed with tullow and feel they will take something from them, tax breaks will gel big time with that and will find part of IOGs future, current backers have put a member on the board and the board is very strong! They needed the warrants to get started as most co's do, watch this space imho they are going to fly. Hawk may take off again but the funding cloud is killing it at the moment!Be lucky to all.......

[blakieboy7] 27/4/2017 08:31

Barbie Girl! Blood iPhone

[blakieboy7] 27/4/2017 07:12

Phil, I couldn't cope with another rendition of Barrie Girl lol

[mallorca 9] 27/4/2017 06:52

John C , RR,

those 'debts' are money put up by the owner.

Chesty,

I spent a bit of time yesterday looking at your IOG.

I have some concerns that I'd like to discuss .....

the business does not seem to have any revenue and is funded by loans.
Many warrants have been issued which will dilute in future.
First gas is not until end 2018.
The pipeline capacity is quite limited.
There are significant pipeline refurbishments and ongoing maintenance costs.

It's market cap is already £20m ! No revenue ! Only currently funded until 2018 !

Surely Hawk with revenue of circa $20m this year is a better bet with a market cap of only £10m.

[philmac56] 26/4/2017 19:55

RR
Let's hope it is oil and not
Aqua!!!

[rockin robin] 26/4/2017 18:31

augmented????m?nt?d/adjective1.having been made greater in size or value.-Guess means more oil then...

[jonc] 26/4/2017 15:40

The interim balance sheet shows $23m current borrowings and $24.16 non current borrowings. Plus another $3m since the interim's were released.

So around $50m in total.

[reallyrich] 26/4/2017 15:08

Mallorca

Thought debt was higher than that. Was there not another loan a few years ago for the jv projects?

On mobile so cant check rns that easily

[chesty1] 26/4/2017 15:00

Look at the trend on my tip. Gutted no hawkers interested I will only talk about hawk from me on as I have tipped it enough, just trying to help me hawksters crew out, hawk is now back to level on the day!! Everything is looking up!

[philmac56] 26/4/2017 13:52

RR....
.In the February update we are told " the Company expects this response to be during the second quarter 2017 " and today we are told " the Company currently expects augmented volumes from its Pilot water flood project to be realized in Q2 of 2017 ".

[rockin robin] 26/4/2017 12:40

"The Company currently expects augmented volumes from its Pilot water flood project to be realized in Q2 of 2017."Not sure - if before, they had even said, that the Pilot water flood project had worked at all.

[chesty1] 26/4/2017 11:46

Well it's a good job I hold IOG that is the one folks!! HAWK needs funding update to get any newbies interested imho....My average is so much higher here and will not average down until funding news, I will miss out on a bit of a % but happy to wait as HAWK has shafted me really hard over the years and it still hurts lol...IOG is making my money back and hawksters should 100% add or watch for the fun whilst we wait for hawk to wake up Be lucky to all

[gazza102] 26/4/2017 07:43

Maybe but how much are they giving away to service debt. Does anybody know how much debt hawk has?

[mallorca 9] 26/4/2017 07:42

Gazza,

$23m with CBA (the bank).

Plus around $3m to noteholders who funded the Water Flood Project.
This debt however is likely to be converted to shares at 1p per share. This will result in dilution of 18%.

[mallorca 9] 26/4/2017 07:33

Money pouring in - that's the main thing :-)