Nighthawk Energy Share Discussion Threads

[philmac56] 03/5/2017 18:56

Monarch 10-15 is now off confidential...

What a difference in production after up hole workover

Jan 17..7604..30 days production
Feb 17..7061..28 days production

prior to workover (guided by others instructions) we
produced between 2-23 days a month providing
53-476 barrels per month

What percentage do we gain a month from this well is is it 16-18%?????

[rockin robin] 03/5/2017 18:46

Pilot has delivered nothing so far I would say...April 36k.They expect it to - see last production RNS.."The Company currently expects augmented volumes from its Pilot water flood project to be realized in Q2 of 2017."

[reallyrich] 03/5/2017 16:48

Highasakite I would disagree. Been chatting with Sleveen for a few years and he calls it as he sees it as do I myself.

From many companies on AIM and the general market when their is a lot of debt it really creates problems as you are effectively at the beckoning of the banks or loan note holders. Until this company puts that to bed along with some more positive RNS and more accurate reporting of production data (in many cases they have had to make corrections)

One of the biggest disappointments in my opinion was Ricks totally underwhelming rns about the water flood being up and running. A hell of a lot is riding on that but it's as if he didn't give a fuc.

I am in the share for a few years having bought in at about 3p so I do want it to rise so not a de-ramper

[sleveen] 03/5/2017 15:49

VOG was puffed up to the high heavens. It will float down again.

THEY ALL FLOAT DOWN HERE.

[highasakite] 03/5/2017 15:26

If Sleveen slags off a share it is time to buy.

eg VOG

[sleveen] 03/5/2017 15:24

The Black Angel Mine. Definite similarities with Hawk.


Black Hawk Down maybe...?

[sleveen] 02/5/2017 16:01

Although HAWK might be a Once in a Lifetime investment?

[sleveen] 02/5/2017 15:59

Burning Down the House.

[sleveen] 02/5/2017 15:58

Psycho killer

[rockin robin] 02/5/2017 13:28

Lol.My view is that there is no point taking oil from a finite source, any more than you have to, to keep the banks paid. Until you can get paid more for it.April's production very close to Feb's production.

[reallyrich] 02/5/2017 13:20

I would say Ride To Nowhere (talking heads) is more suitable for this share

[rockin robin] 02/5/2017 12:09

BRIDGE TO BETTER DAYS...By Joe Bonamassa, is one of my - all time favourite tracks.Kind of appropriate today.

[marmar80] 02/5/2017 12:04

No trades cause some can't buy online since changing the platform to seaq. That's how I see it.

[philmac56] 02/5/2017 10:50

No trades since 8.01 mom's taking it lower!!

[maxwell] 02/5/2017 09:41

Just bear in mind that there are many avenues to provide a setback, as you
all seem to believe that next week/month that problems will be gone and all hunky dory, I'm sorry to say life ain't like that plus business people not known for being right very often, only a guess normally! And I am holding my breath as well.......

[sleveen] 02/5/2017 09:27

Financing costs will be around $10m for FY.

[the_boy_plunger] 02/5/2017 09:10

perhaps wanted 1?2 chance to retrieve some dosh....

Oddly enough believe HAWK have potential to turn this ship round, just feel needs better management perhaps?

max

dont do that, ull go blue...........breath, thats what your abs r for......

[mallorca 9] 02/5/2017 09:00

Just a reminder also that the bank had the option of waking away (ending the current arrangement) at end March 2017. It has chosen not to do so and to continue supporting Hawk.
At the moment it's all about maintaining adequate cash flow (revenue) whilst proving up increased recoverable reserves. Be patient, WF will come good, finance available to the Company will be increased, then it's build up cash during 2017, and upwards and onwards from there.

The current Monarch well has shown the potential there.

[mallorca 9] 02/5/2017 08:46

RR,

the debt is very manageable and is under control.
The principle debt to the bank is $23m.
Remember that it used to be $30m until the oil price fall and the resultant down rating of our reserves value. CBA then called in $7m.
The headroom is likely to be reinstated if increased recoverable reserves are confirmed.

Unlike some minnows HAWK HAS REVENUE. Even today we are pumping 900 bopd net with hedging at $56.
We have a huge asset base for future exploration and development.
Rick (former mid cap CEO of the year) has stuck with Hawk as he wants to see this through over the coming years to mid cap status , which would mean and increase in the current share price of at least 10 x.
Consider the risk reward.

[rockin robin] 02/5/2017 08:43

Why are we being shown repeated trades?

[mallorca 9] 02/5/2017 08:39

I actually think that all is continuing to go well.
From the header of the RNS we are also reminded that this is a 'reserves based loan'.
Proving up the recoverable reserves is what matters.
The reserves confirmation and increased financing limits will set this one alight.
Looking forward to hopefully removing some of the doubts here.
I think it's a huge buying opportunity, but each to their own.

[reallyrich] 02/5/2017 08:36

Mallorca are you kidding me. The amount of debt is crippling.

Once the debt is sorted then maybe its a buy but until then not

[reallyrich] 02/5/2017 08:34

I remember saying long time ago that when a company has so much debt and its the bank that controls its destiny.

When i bought these i missed thr bit about all the debt so i would not of bought.

Its really not good whatever way you spin it.