Nighthawk Energy Share Discussion Threads

[chesty1] 02/8/2017 11:18

I know Phil but bottled it ! Once bitten n all that I will add here but only after the next banking update I know I will be paying more but this needs that news to move it anywhere north!

[philmac56] 02/8/2017 09:13

Chesty..I thought you were buying more at sub 1p you had quoted!!!

[chesty1] 01/8/2017 16:41

I am still in here folks just nothing to add until we get further news. On a side note my AST has been flying for the last month and nearly recovered all of my hawk losses! Fingers crossed hawk can also fly in the same way! Be lucky to all

[rockin robin] 01/8/2017 16:35

I appreciate WFs can take a while, but I really think we are close to getting some idea, whether it's working or not.

[philmac56] 01/8/2017 15:19

RR..agree we need to wait..I have toooo much at stake to walk away, so change of plans for me hopefully just a delay.
I fully understand if there is no news, then there is nothing to report.
But, imo they could keep us up to date with regards to production, with so much at stake.

[rockin robin] 01/8/2017 13:51

Phil,No. I haven't sort any further Communication. I wanted to keep my average high... Purely my impression, but I think they are shaping-up to start Communicating better. Maybe the... (can't put it into words!). It's clearly still a live on-going ride & my lasting impressions are: They are keen for sensible interactions between Co. & SHs to take place. Watch this space. The PoO needs to increase, to help them out. It is.WF needs to work. 'Looks like it is.Banks are supportive & need to be able to see they will be repaid over time. Hence the 6 month micro-management (What are the Banks actually going to do - in a historically flat oil Mkt? Sell out to?Sticking with /supporting/getting paid-back by Hawk is definitely one of their best options -otherwise the proverbial 'Rug' would have been 'pulled' some time ago). The $ situation with recent PoO changes, must already be, better.-It all depends on how you see: The $ situation, future Oil prices, Hawk's Oil recovery & future developmental activities unfolding.All the above, is all my positive/negative guesswork. GLA. DYOR...-As you say, I think we just have to be - patient. I think short-term they are fairly stable/bank supported & Long term depends on the Mkts, $ recovery /oil rates improving and water-pumps. Lol.Any thoughts? What do you reckon?

[philmac56] 01/8/2017 10:01

RR..I take it that as you have not said anymore about interaction between BOD & SH, you have not heard anymore!!

Just looked at their website..still shows we last produced in November 16.

They can't be bothered to update that chart.

I have emailed them previous suggesting that the bar chart is some 6 months out of date!!!

[philmac56] 01/8/2017 07:40

Twodegs..piece of string!!!

[twodegrees] 01/8/2017 07:34

philmac56, when is the banking issue going to be resolved. The news out of this company is useless. How can the Bod say that they want to keep investors updated.?

[philmac56] 01/8/2017 07:07

As of yesterday two further drill permits have been granted, we have one permit still to be granted, MJ 11-5.

Well we are into August!!

[rockin robin] 31/7/2017 22:59

Excellent News.....WTI crude broke $50 earlier..tonight...WTI Crude $50.17 +0.46 +0.93%

[tsmith2] 31/7/2017 16:29

Zilch trading shows ennui.with POO rising a decent increase production and early sign of water flooding working, whoosh..

[balbains324] 31/7/2017 13:10

We normally get an update at the start of August...lets hope it's a good one. Good luck to all.

[balbains324] 31/7/2017 10:59

Big trade today! Looool

[marmar80] 31/7/2017 09:41

C'mon Hawk!! Fly!

[cpap man] 30/7/2017 18:35

United Oil & Gas [UOG]



Barney Gray [Oil & Gas Analyst]



Leveraging experience to build a portfolio

United is an independent oil and gas company established by two former senior employees of Tullow Oil in 2015. United’s strategy is to leverage management’s experience and contacts within the oil industry in order to acquire an exciting portfolio of hydrocarbon assets. The company has already secured an interest in the Waddock Cross oil field in the UK and agreed to farm into the drill-ready Selva gas field in Italy. With the company currently conducting an RTO of Senterra Energy, we believe that United is poised to accelerate significantly the development of an exciting European- focused oil and gas business.

United’s strategy is to build a portfolio of oil and gas E&P assets with an initial focus on the UK and Europe. In particular, the management has demonstrated expertise in evaluating oil and gas assets and subsequent farm-in opportunities. Further expansion of the company will likely focus on assets within stable political and fiscal regimes and management is keen to leverage off its contacts within the industry to gain access to early divestment opportunities and avoid auctioned transactions.
United acquired interests in the Waddock Cross field (26.25%) and the associated exploration upside (18.95%) on licence PL090 in Southern England in July 2016. The field was shut-in in 2014 due to an excessive water cut. However, reassessment of existing 3D seismic data has indicated that two wells to probe the crest of the field well above the oil water contact have the potential to boost production significantly by 2018/19.

We expect that United will participate in the first of a two well programme in Q4, whereby a successful result will de-risk the field significantly. Consequently, we anticipate that the company’s maximum financial exposure to Waddock Cross will be approximately US$0.6m by the end of 2018.

In Italy, United has signed an exclusive option with ASX-listed Po Valley Energy to acquire a 20% interest in the Podere Gallina licence in Northern Italy under a capped 2 for 1 farm-in agreement. This licence contains the currently shut-in Selva gas field in addition to several exploration opportunities on the surrounding block.

United understands that a single well drilled updip to previously exploited areas of Selva will access at least 17 BCF (gross) of gas resources located in very high quality reservoir. As such, Selva has the potential to produce gas at stable plateau for up to eight years providing a very attractive source of long term cash flow to United.

On the exploration side, United has identified the Broadmayne prospect on UK licence PL090 as possessing major potential upside, whereas in Italy, the Podere Gallina licence exhibits several interesting prospects, one of which; East Selva could provide significant upside to the re-development of the main Selva field.

In the context of the imminent RTO with Senterra, we have established a conservative NPV valuation of US$11.1m (£8.8m) for United which focuses on the core assets within the portfolio. This is equivalent to a pro forma fully diluted value of 3.8p per share assuming a total of 228.9m shares in issue. For illustrative purposes, we also calculate that the upside valuation for the company could be as high as US$38.0m (£30.3m) on an unrisked basis, equivalent to 13.3p per share on a fully diluted basis.

[rockin robin] 29/7/2017 17:45

Bb324Totally agree. I think, if you're holding - its really easy, you just want to see the share price going up. Let's see what happens.. I think the thing is, the oil price had dropped so low, from the lows in June. $42 to $50 is almost a 20% rise in income. If it holds, that's got to be a 'shot in the arm' for Hawk, maybe enough to allow it to function as a recovering Oiler. Eyes down...

[rockin robin] 29/7/2017 13:58

Plenty of scope for sensible improvement though: Poo?, WF ?, new WF, new / old permits / drilling ?(?), - that's the important thing. $2.5M more income from PoO increases, is always going to be, welcome...and its happening - that's the main thing...

[philmac56] 29/7/2017 13:13

We need to be generating extra revenues via poo if poss, but certainly via WF if we are to progress our drilling program to hopefully generate extra bopd...leading to Northern WF!!

[philmac56] 29/7/2017 13:10

RR..
I reckon...this WF has got to work!!

Just had to adjust my plans/delay hopefully be worthwhile!!

[rockin robin] 29/7/2017 12:54

..says the man with 4.5m. Lol. Can't be long now..mate.I reckon the $8 poo increase generates another $2.5M+ margin for Hawk. What d'you reckon?

[philmac56] 29/7/2017 11:00

RR...your head is in the clouds and stars...lol

[rockin robin] 29/7/2017 10:30

Nighthawk Energy.=Millennium Falcon.=June's figures will be shared Luke.=Current daily production + WF Pilot x Year x $8 Poo increases = Jump to Light speed.

[philmac56] 29/7/2017 08:32

A week on and we have more $$$$ into our accounts thanks to the rise in Poo.

Let's not forget that we could be producing more bopd also, we just need to be told!!!

Well we enter August next week, another deadline for agreement gets closer!