Nighthawk Energy Share Discussion Threads

[maxwell] 02/2/2018 13:54

Pmg up 6p you are doing a great job, why not go on there site????

[philmac56] 02/2/2018 13:12

Mallorca...BB rules.
If u aint in it, dont post about it!!!

So if you're now out, u kept that from us all!

My choice I will see what develops...ta

[mallorca 9] 02/2/2018 12:42

Moved my money to PMG where it is already in the blue by 20%.
I recently sentimentally bought a few Hawk but quickly realised how absolutely foolish that is, so got out quick and added to PMG.
You stay here Phil ... I'll enjoy PMG's steady rise over the coming years through £1billion Market Cap.

[philmac56] 02/2/2018 11:51

Well Mallorca....
You may have posted a lot to read, negative & positive...

BUT

Are you in here or not!!!
That's what my question was for you!

[mallorca 9] 02/2/2018 11:47

I would suggest that news of north sea asset development (oil and gas) (PMG) is very close given this mornings buying volume.

[reallyrich] 02/2/2018 11:36

and sqz who I told many of you to buy at about 16p and also 22p now 86p and lots more to come

[mallorca 9] 02/2/2018 11:26

Read this from the recently released Parkmead RNS (PMG)

Now this Co, with all that is going on below, currently has a market cap of under £50m (not for long).
Current gas production, NO DEBT, and a huge north sea asset base about to be developed (oil and gas). Lead by Tom Cross who built and sold DANA.

This will one day have a market cap over £1billion ... that 20x from today.
Now where do you have a better chance of getting your money back ... Hawk or PMG !
Those who can't be bothered to read below actually deserve to lose their money.


HIGHLIGHTS

Parkmead delivers full-year gross profit and demonstrates financial strength
-- Gross profit for the period of GBP1.2 million (2016: GBP4.6 million loss)
-- Strong total asset base of GBP82.2 million at 30 June 2017
-- Maintains strict financial discipline
-- Well capitalised, with cash balances of US$34.3 million (GBP26.4 million) as at 30 June 2017
-- Debt free
-- Low-cost Netherlands gas production provides positive cash flow to Parkmead

-- All revenues from Netherlands production received in Euros, mitigating recent currency fluctuations

Doubled gas volumes at Diever West. Significant increase in gas production
-- New dynamic reservoir modelling suggests Diever West has approximately 108 billion cubic feet ("Bcf") of gas-in-place volumes, more than double the post drill static volume estimate of 41 Bcf

-- The Group has substantially increased production from its Diever West gas field by perforating the Akkrum reservoir formation

-- Gross production at the end of October 2017 at Diever West was 39.3 million cubic feet per day, approximately 6,764 barrels of oil equivalent per day ("boepd")
-- Low-cost onshore gas portfolio in the Netherlands produces from four separate gas fields with an average operating cost of just US$10 per barrel of oil equivalent, generating positive cash flows

-- Further production enhancement work planned on Parkmead's Netherlands portfolio, including a new well at the Geesbrug gas field to maximise production and early development planning at the Ottoland discovery

-- Production at the Brakel field is set to recommence within the next few months following compression work that is currently being undertaken
Major progress on valuable development projects. Additional licence acquisitions

-- Doubled stakes in the Polecat and Marten oil fields to 100% in the UK Central North Sea, which are jointly estimated to hold over 90 million barrels of oil in place

-- Increased stakes in the Perth and Dolphin oil fields to 60.05%, building Parkmead's oil reserves

-- Greater Perth Area ("GPA") invitation to tender announced to the service provider market, covering the pre-FEED, FEED and subsequent development phases of the project

o 13 alliance submissions received from 35 companies across all project components of drilling, subsea construction and export route options

o In discussions with a number of leading, international service companies and oil companies

o Parkmead has received financial proposals for significant parts of the development, reducing the capital expenditure needed to bring the project onstream
-- New minimal platform concept at the Platypus gas field further increases the value of this development

-- The Platypus joint venture group is working towards optimising the export route for Platypus ahead of an offtake agreement, with various export options available given the availability of infrastructure in the UK Southern Gas Basin
-- Acquisition of a 50% interest in UK North Sea Licence P.2209 covering the Farne Extension prospect and a further four prospective leads, potentially containing 175 Bcf of gas initially in place on a most likely, P50 basis
Substantial oil and gas reserves and resources

-- Net 2P reserves of 27.7 million barrels of oil equivalent as at 30 September 2017
-- Net 2C resources of 62.0 million barrels of oil equivalent as at 30 September 2017
Well positioned for further acquisitions
-- Seven acquisitions, at both an asset and corporate level, have been completed to date

-- Parkmead evaluating further acquisition opportunities and prioritising those that provide growth

Parkmead's Executive Chairman, Tom Cross, commented:
"2017 has been an important year of progress for Parkmead. The Group moved into gross profit as a result of increased gas production and the cost reduction programme in the UK. This is an outstanding achievement for Parkmead at a time when global oil prices have remained low.
Parkmead's gas production acts as a natural hedge in the challenging oil price environment.
We are delighted to have significantly increased production at the Diever West gas field, which increases Parkmead's cash flow. New reservoir modelling indicates that Diever West could be more than double the size originally expected.
We are also pleased to have been able to increase our stakes in core areas of the Group's portfolio during the year, particularly around the Greater Perth Area oil hub in the UK North Sea, where Parkmead has strengthened its position. The Group is in discussions with leading, international service companies and oil companies with regards to the Greater Perth Area.
The team at Parkmead is working intensively to evaluate and execute further value-adding opportunities which could provide additional cash flow to the Company. Parkmead is analysing both oil and gas, and wider energy sector opportunities, which could broaden and enhance the Group's revenue stream.
Parkmead is well positioned for growth. We have excellent regional expertise, significant cash resources, and a growing, low-cost gas portfolio. The Group will continue to build upon the inherent value in its existing interests with a balanced, acquisition-led growth strategy, securing opportunities that maximise long-term value for our shareholders."

[mallorca 9] 02/2/2018 11:15

Doesn't really matter Phil,

Let's be honest ... you regret the day you ever heard of Hawk.
You're locked in here day after day after day sitting on a loss of well over £100k - which is probably your pension pot, hoping that one day it will spike up and you can get out. The only thing you can do is keep buying more, making the terrible mistake of 'averaging down' , which actually just means that you will eventually lose more.

If you were starting from scratch today and could choose from any stock on the market , would you really choose Hawk .... not a chance.

Problem here is that any morning you could wake up and find that it has been suspended from trading and then the whole lot is gone.

You really would be better taking out what's left and putting it on a spread bet indices. At least then you would know that one day (maybe a few years away) that you would definitely get your money back.

However, you are paralysed with fear, fear that if you sell then you really have lost all that money and that the share price will then go up ten times. That won't happen and the money is lost. Accept it and get on with your life.
There is a guy on BOIL (Pembury) who has been on that BB for 12 years (formally Gold Oil) - locked in from the 17p days - now 0.25p. You are the Hawk equivalent.

[philmac56] 02/2/2018 10:52

Mallorca...
Quote...Difficult to see any way that small pi's will avoid losing most of their equity.

Question..so have you bought in!!

If so why, when you think you could lose it all!!!

[philmac56] 02/2/2018 10:35

Their (CP) interest payment is due end of June if recall correctly.

[mallorca 9] 02/2/2018 10:31

They are the main parties who have to agree to any financial restructuring - CBA is the easy bit.
The total debt here is just under $60m - see balance sheet.
Difficult to see any way that small pi's will avoid losing most of their equity.

[mallorca 9] 02/2/2018 10:28

Remember that the Concert Party members - including the $3.5m funding for WF, are all happily still paying themselves 15% interest.
Nice !

[balbains324] 02/2/2018 10:00

Looking good... $80 target for oil.

[maxwell] 31/1/2018 13:38

Couple of nibbles perhaps the start? 0.6p Ask....

[ranald] 30/1/2018 10:26

Balbains324, Yes agree with all of that - we may be able to do a farm deal of some sort to help with the drilling activity - I think being taken private is a distinct possibility but by and large investor experience in this situation has not been bad although I agree that it creates a lot of unquantifiables - Running Foxes is another story - it seems a logical step to have a local operator when you are working in a foreign country but it does not seem to work out that way - I recall being invested in a company working in Russia who took on a "local" partner and got shafted.

[maxwell] 30/1/2018 10:19

Where are they then.... the buyers...

[balbains324] 30/1/2018 10:13

Buyers are back in town.....hope there are no suspensions and I hope that the concert party are happy to see what this investment broker can come up with.

[philmac56] 30/1/2018 07:52

Balbains..and the Knutson saga..that may have saved some grace here!

[philmac56] 30/1/2018 07:07

If we are to follow a route similar to Trin....wish saw their share move from app 4p suspension to a rapid rise north once debt was sorted... currently 16p...

Could we see a suspension of our share for approx 5-6 months!!

We currently have 4 months left till 1st June...or will the can of debt be kicked further down the road!

Or..will the CP make a move!!!

[balbains324] 29/1/2018 17:41

Forgot to mention Running Foxes saga!!

[balbains324] 29/1/2018 17:41

Ranald, I remember when we were proving up average at the cost of $1.5million per hole!! Where hawk struggled was the dusters, one after the other, combined with a plummeting oil price they really got caught out. Now we are back on the turn again. Oil is rising, drilling is half the price and Hawk has enough production to make some money and drill holes at the same time. My worry now is the concert party has increased their holding and can take this bird private at any given moment. The other worry is that CBA needs to be paid off and new financing needs to be in place with some scope for further performance based lending so that we can continue to prove up acerage. It all went wrong when we started chasing conventional oil.