Nighthawk Energy Share Discussion Threads

[chesty1] 24/5/2017 14:23

I will take 1.5p by Christmas

[philmac56] 24/5/2017 12:37

Rockin...I "was" hoping for 6p for Xmas...not sure about that now!!!

[rockin robin] 24/5/2017 10:29

Some buys creeping back in. 10p by Xmas!

[mallorca 9] 23/5/2017 09:16

No, I'm trying to resist.
I have a self imposed upper limit of 2.5 m shares and I'm at that point now.
Very very tempting though.

[rockin robin] 23/5/2017 09:09

Was that 700k your's yesterday Mall?

[rockin robin] 22/5/2017 17:47

Sun & Mall's comments ....have cheered me right up.

[blakieboy7] 22/5/2017 17:41

Whilst the share price is thoroughly depressed, the weather is glorious!!

[mallorca 9] 22/5/2017 16:51

How can it go belly up ?
The Owner has first refusal should CBA not want to continue.
Also the recent resolutions (resolution 3) gives the company permission to raise funds via further share issues if required.

We have current revenue of circa $20m per year and cash at bank of $5m.

All that is required is confirmation as to the increased amount of recoverable reserves.
Much of this years production is also hedged at $56.

[reallyrich] 22/5/2017 08:19

Mallorca really you want to add?

better to wait for finance approval as it can all go belly up

[philmac56] 22/5/2017 07:50

Imo I think the Bank are, like us abiding our time.....BUT the bank knows more than us!!!

[philmac56] 22/5/2017 07:48

Nov, Dec last year was below the 36,000 figure!!! Coming in at 33,317 & 35,984.

Those two months & Feb of this yr, did not trigger a covenant compliance!!!

So why for April?
So why are we still waiting for an update to follow!!

May...where will that take us!!!

[mallorca 9] 22/5/2017 07:10

I will add today.
Confirmation of increased recoverable reserves (due to WF) along with the revised reserves based loan can't be far away.
I very much hope that the 2nd half of 2017 see's a turnaround in the share price

[philmac56] 21/5/2017 11:12

to continue my boredom i looked back at 2015, to see what the same wells were producing then

They are listed below, and what i have calculated is production for the whole year (data from Cogcc) and divided by 12 to give an average.

The suggestion was that the WF could be related to 8 Spergen wells...so take your pick....could we see an interesting rise in production via WF!!

Snowbird 9-15 2,400 barrels per months
Steamboat H 2,400...ditto
Taos 8,700...ditto
B Sky 4-11 2,170...ditto
Silverton 340...ditto
B Sky 5-11 590...ditto
B Sky 12-11 4,150...ditto
B Sky 13-11 1,760...ditto
Snowking 13-33 3,640...ditto
Blackcomb 3-14 3,660...ditto
Mary Jane 2,226...ditto
Keystone 2,070...ditto

Blackcomb 12-14 was also producing 540 per month then, so wise to use that as an injector well!!

[philmac56] 20/5/2017 17:16

I did a little digging on Cogcc, looking at our 12 Spergen wells.

They are listed below, and what i have calculated is production for the three months this year (data from Cogcc) and divided by three to give an average.

The suggestion was that the WF could be related to 8 Spergen wells...so take your pick....could we see an interesting rise in production via WF!!

Snowbird 9-15 890 barrels per months
Steamboat H 4140...ditto
Taos 4770...ditto
B Sky 4- 1160...ditto
Silverton 96...ditto
B Sky 5-11 580...ditto
B Sky 12-11 3350...ditto
B Sky 13-11 1145...ditto
Snowking 13-33 2378...ditto
Blackcomb 3-14 2374...ditto
Mary Jane 855...ditto
Keystone 1277...ditto

[maxwell] 20/5/2017 12:51

I was only going from rns 98140 November which said second pilot drill to test WF project hence if wrong then I stand corrected.....

[balbains324] 20/5/2017 01:07

I'm going to take a punt on Monday and see how it goes.

[mallorca 9] 19/5/2017 19:20

Max,

it's full WF.
The area covered was reduced due to the Knutson family not giving permission to include their land. The pilot area (which excludes land owned by Knutson) covers 75% of the recoverable oil shown in the original plan.

[philmac56] 19/5/2017 17:14

Maxwell...you may recall their were individuals who would not sign up to original WF area, their actions made hawk go for the pilot, hence delaying start of WF

[maxwell] 19/5/2017 16:54

Remember the WF carried out is a test programme to determine if an increase is a reality and if so then the Full WF procedure will be carried out over a larger area.... If my memory is correct.

[mallorca 9] 19/5/2017 16:41

I'm very tempted to add again as the risk / reward is attractive.

[philmac56] 19/5/2017 16:29

Can't recall if he pilot, or the originally planned WF, we had the comment, would be like 8 spergen wells from management

[mallorca 9] 19/5/2017 15:34

Phil,
good data.

John Craig wells are in Jolly Ranch , ie shale.
I didn't realise that we produced so much from there or that we had so many producing wells.

All, initially WF is not about increasing production, it's about proving that we can recover more of the reserves - substantially more. The models predicted something like another 3.5m barrels recoverable using WF - that is what they are proving up.
To put that into context, to date we have only taken 0.5 m barrels.

Regarding the financing (the current CBA arrangement ends at end June), it is a RESERVES BASED LOAN. The clue is in the title. That's why the size of the new financing arrangement is linked to the success or otherwise of WF.

By June / July we will get very exciting news ... either increased recoverable reserves are confirmed, or if WF is a flop and has wasted $3m, then Management (Rick and Chuck) will be replaced. The Company will continue either way.

Also, 2016 final results are published end June, and 2017 H1 results are published in Sept.

[philmac56] 19/5/2017 14:36

Balbains...
This is the data i have for 2017, take from Cogcc, with year end Dec being first column, Jan, Feb, Mar.
Blackcomb 5-14 currently confidential but the two figures shown are taken from Cogcc report on oil spill.
Monarch 10-15 we get 16% of oil shown, all are barrels per month.

``2017 Dec Prod Jan Feb Mar
1 Craig 4 - 4 219 12 353 292
2 Snowbird 9-15 1206 1140 566 968
3 Steamboat Han 5508 5277 2666 4486
4 Craig 16 - 32
5 Knoss 6-21 10 20 55 20
6 Taos 1-10 6026 5261 4847 4209
7 Big Sky 4-11 1089 1271 1088 1129
8 Silverton 16-10 452 436 296 312
9 J Craig 1-2 799 899 763 853
10 Big Sky 5-11 1120 1213 806 883
11 Big Sky 12-11 3637 3154 3313 3588
12 Big Sky 13-11 1070 1230 1068 1139
13 Snowbird 16-15 INJ
14 J Craig 2-2 41 45 39 10
15 J Craig 10-10 639 689 603 635
16 Snow King 13-33 2894 2632 2232 2271
17 Blackcomb 5-14 7025 6488
18 Blackcomb 3-14 2736 2583 1994 2546
19 Blackcomb 12-14 INJ
20 Mary Jane 8-5 1026 941 766 857
21 Keystone 3-7 2010 1471 653 1839
22 Crested Butte 2-14 340 326 310 320
23 Monarch 10-15 7604 7061 4983
24 Salen 14-35 350 388 338