Nighthawk Energy Share Discussion Threads

[sleveen] 03/7/2017 07:51

. The Group's and Company's cash flow forecasts indicate that its ability to meet its liabilities as they fall due for next 12 months is dependent upon successfully extending the Commonwealth Bank of Australia ('CBA') existing loan facility which matures on 30 June 2017 on terms acceptable to the Company whilst alternative funding is secured. The ability to secure alternative funding is expected to depend on the success of the waterflood project and associated oil reserves upgrade. Whilst the Directors are confident that extensions to the CBA loan facility can be obtained, that alternative funding can be secured and that the waterflood project will prove successful and deliver the necessary increase in oil reserves, the outcomes of these negotiations and the waterflood project are unknown. These conditions indicate the existence of a material uncertainty which may cast significant doubt as to the Group's and Company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the Group or the Company was unable to continue as a going concern.

[mallorca 9] 03/7/2017 07:50

We were paying 15% Phil which reflected the banks view of risk at the time (very high risk).
LIBOR plus 6% now equates to a total of about 8%.
Significantly less and reflects the banks improving view.

[philmac56] 03/7/2017 07:45

Were we paying libor +15% previous??

[mallorca 9] 03/7/2017 07:27

I also see it as positive that (although it's not Hawk's choice), that we're paying back $1.75m of debt.
This will leave approx. $1.5m cash at bank with WF expenditure now completed.
I guess that $1.5m is being held/put aside for drilling.

[blakieboy7] 03/7/2017 07:25

If the bank wanted out they'd pull the plug, end of

[mallorca 9] 03/7/2017 07:20

Can't agree with that Jon ...

basically the existing arrangement has been extended until the end of the year with Hawk to produce a refinancing plan end October.
We also have a new production milestone to be reached by end Sept.
Things going ok.
I'm sure that once the reserves are proven (which will give us 3/4 years production from this field), that a new and increased borrowing facility will be confirmed, either with CBA or others.
Just bear in mind that many oilers who are purely exploration (no established revenue)currently have a higher market Cap that Hawk.
As well as years of exploration acreage and a JV, Hawk also has current revenue from 900 barrels a day net ... circa $20m per year.

[jonc] 03/7/2017 07:12

Not really. They have four months to secure a deal to take the borrowings elsewhere. It is clear the bank want out.

[blakieboy7] 03/7/2017 07:11

Great news, finally!!

[philmac56] 03/7/2017 07:10

Well we have an RNS...expect WF late 207!!! Into next yr.

Blue day

[tsmith2] 03/7/2017 07:03

Excellent news

[philmac56] 03/7/2017 06:32

Balbains..I like you as I am also over exposed..close to 4.7m now.

So between us we must be close to JC holding..lol

News next week.

[balbains324] 02/7/2017 22:09

Lol.......i would say I'm a little exposed here but I have another company called ACP where I'm ridiculously over exposed!! I have more shares than all the directors put together.......dont believe in the hype!!! However I believe HAWK will fly again and ACP will come good too.

[philmac56] 02/7/2017 21:58

Our Rick could be Balbains Chauffeur!!!!!!!!!!!!! on shares purchased!!

[philmac56] 02/7/2017 21:37

RR....IF, or WHEN!!

[rockin robin] 02/7/2017 19:48

Balbin will be waiting... in his new car, if this gets launched.

[philmac56] 02/7/2017 17:30

Lol...I'm waiting in the house

[balbains324] 02/7/2017 17:06

I'm waiting with anticipation.......

[philmac56] 02/7/2017 16:47

Blakie...nope!!

[blakieboy7] 02/7/2017 16:17

Rns in the morning then folks?!

[philmac56] 30/6/2017 18:53

Strange article..i thought WestHouse Sec had been renamed Stockdale Sec?? Can anyone comment further on my view??


June 30, 2017 - By Maria Brooks

Among 2 analysts covering Nighthawk Energy PLC (LON:HAWK), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Nighthawk Energy PLC had 3 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Nighthawk Energy Plc (LON:HAWK) earned “Buy” rating by Westhouse Securities on Wednesday, October 28. Westhouse Securities maintained the stock with “Buy” rating in Wednesday, July 29 report. On Tuesday, May 30 the stock rating was maintained by Stockdale Securities with “Buy”. See Nighthawk Energy Plc (LON:HAWK) latest ratings:

[philmac56] 30/6/2017 15:36

⌚⌚⌚;

[philmac56] 30/6/2017 15:18

I am sure we have had similar situations before!!

[rockin robin] 30/6/2017 15:09

Phil,Mid July. How so??Bank support ends today. The Company can't continue without that support & $s.RNS Monday - surely?RNS needs to be very quick imo.

[blakieboy7] 30/6/2017 15:01

If we don't t get an rns Monday to explain the financing it will simply be a disgrace imo

[philmac56] 30/6/2017 14:50

RR..I even have doubts about that early into July.

More likely w/c 19th July.