Nighthawk Energy Share Discussion Threads

[chesty1] 05/1/2018 15:54

Ello ello what's going on here!!!!!!

[rockin robin] 05/1/2018 14:58

? 15% upsomething going on...we don't know about?

[balbains324] 04/1/2018 21:11

Bloody hell Phil!! Keep calm and drink some whiskey me old bud. If he wasn't thinking about sacking Rick then he will be now! Very good point about the gas by the way. I always wondered why they don't sell the gas. I know it's a little harder logistically but if you had a 50/50 split with a nearby operator who does do gas then we would all be winners.

[philmac56] 04/1/2018 19:44

something i fired off to Hawk via their website today...

[rockin robin] 04/1/2018 19:25

Errr don't do that.

Probably after the last recent android update... it now says the ADVFN version is not compatible with the phone. Oops.

[mallorca 9] 04/1/2018 19:24

You could always invest in PMG - Parkmead, and simply wait for it to reach £10 per share.

[rockin robin] 04/1/2018 19:16

Maybe just a clash of software between my android phone & the ADVFN appt....Many trades for Hawk on ADVFN appear listed on the app as identical duplicated trades all day. One trade can appear two or three or four times. A Mess.Anyone else get this issue? Actually. I'll wipe ADVFN & reload it..

[philmac56] 04/1/2018 18:23

2deg I think RR is referring to, today & yesterday.

[twodegrees] 04/1/2018 18:17

Rockin Robin explain. I do not see any duplication

[rockin robin] 04/1/2018 17:08

Repeated Hawk trades shown on advfn.?

[ranald] 04/1/2018 12:39

philmac56

Yes, costs have been reduced and as a consequence everyone who is still at the company has to work that much harder to do the work of those who have been "let go".

Your point about the management is a different issue but is well made. If management are paid bonuses when the company does well then they should take pay cuts when things are not going well. That is the theory anyway but it creates two problems:

(a) Nobody likes to take a cut in pay so could be a issue with motivation.
(b) It may cause the manager to look around for other employment (we all have mortgages and expenses that we must meet) which may cause more problems than it solves.

I have said before that it is important to distinguish the running of the company from the Geo Team who decide on the drilling etc aspects. It is the performance of the Geo Team that will ultimately decide our fate (as with any oil company)not the management. The head of the Geo Team left/was let go after the 3 "dusters" so the company do act when necessary. As far as I know he has not been replaced (he was a hangover from back in the long ago on $400k per annum if I recall).

So looking at it from the top down (as it were) - if you believe that you have the best team in place that you can afford, and they are all working hard to turn the business around, then leaving them in place is probably (assuming no adequate replacements readily available)the least worst option.

[rockin robin] 04/1/2018 11:53

I think spirits will be fairly high in Hawk's camp atm. With Oil rising from $43 to $62 (who would have thought it!) and the CBA giving them the recent 6 months loan extension (plenty were happy here to jump in & (wrongly (forgiveness is a virtue, forgiveness is a...)) predict that wouldn't happen).The next few monthly production figures are going to prove whether the WF project is working or not. And to be fair thankfully with the Oil price rising, the WF working massively well, will matter less going forward. Farm-out drilling activity and future finance will hopefully take over.They could be holding the flow of info up for all sorts of reasons.& We are not even sure they ARE holding the figures back, 'could be a clerical issue - anything. We all need to chill. It's going really well atm.

[philmac56] 04/1/2018 10:08

Ranald...fair comment.
Costs may have been reduced.

But has the management taken a pay cut to reflect that our our share price performance under the supervision!

[ranald] 04/1/2018 09:54

Why is it thought to be a good idea to get the company into difficulties with the State Regulator - surely the last thing we want is to have a watchdog breathing down our neck making us jump through government hoops - the dead hand of state intervention never did anyone any good - does this not distract the management from the important stuff of trying the run the company in the best manner possible - does nobody stop to think that maybe there is a commercial reason for these delays - remember that the company slashed its overhead costs by more than 30% if memory serves me which would have meant a lot of admin posts going - this seems a logical reason on its own for the delayed Cogcc figures - monthly production is not the issue here - it is the cost of achieving that monthly production that is important - we can produce all we want but if the cost exceeds the income it is not doing us any good - I say that there is no upside (apart from the gratification of having up to date production figures)or benefit to the company in contacting the State Regulator in this manner and could only serve to cause a lot of difficulties and distractions that would otherwise have been avoided.

[maxwell] 04/1/2018 08:46

The cold weather may not be helping, as I would prefer a hot toddy indoors instead
of outside trying to keep the crude flowing.

[rmart] 04/1/2018 08:09

over $62 now

[rockin robin] 03/1/2018 22:59

A bit of Communication from Hawk, might be nice.WHY the radio silence Hawk?-Jan 03, 2018, 3:47 PM CSTThe American Petroleum Institute (API) reported a draw of 4.992 million barrels of United States crude oil inventories for the week ending December 29, marking five large draws in as many weeks. This marks the final inventory count for 2017 from the API.This week brings the total crude oil drawdown for 2017 to over 63 million barrels according to the API.-Wti $61.6 today...the money / income difference for Hawk is big.A squawk from Hawk might be nice.

[philmac56] 03/1/2018 21:24

I wonder if Cogcc will now get 2 months production to upload in due course. October & November??

[philmac56] 03/1/2018 19:01

Poo certainly on the march north

[philmac56] 03/1/2018 19:00

Balbains...take your turn in the q..lol

[philmac56] 03/1/2018 18:55

Cogcc needs our help!

A second reply....

I truly try not to be a huge pain to the operators about the Form 7 monthly reporting.

If I have to send an email to request the reports more than twice I usually get in touch with a supervisor or manager at the operator's office to discuss the issues, and that actually works quite well for me.

If the late/tardy submission behavior continues I absolutely start the formal warning letter process with our enforcement group.

Since I don't "babysit" the operators it is often hard for to identify if smaller operators have reported - so assistance from the public is highly appreciated in that regard!

[philmac56] 03/1/2018 18:32

So as you will have read.

Rick? Holding back data!!

Why?

We know what the figure is, obviously he/they don't want to publish individual well data.

We need a change at the top with fresh blood who can lead a new team below him/her!

[philmac56] 03/1/2018 18:22

I had had a reply from Cogcc..re Oct production...pasted below..

I reviewed what we have in the system, and Nighthawk has not sent in their October 2017 reports yet.

We received September on 11/15 and posted it 11/28 - nothing else since then.

I will have one of my production folks send them a nice reminder and get them current.

In regards to the lag time between the producing month and when the public has access to the data - that is a statute that I have no control over (see Rule 309 for details).

The operators have 45 days after the producing month to submit the reports, then we have 30 days to process the reports.

We process the large operators first, then everything else is processed by oldest date of receipt.