Nighthawk Energy Share Discussion Threads

[philmac56] 25/4/2018 08:00

I still can't fathom out / baffles me why JC bought his 20 mill shares when he did.
Mis-guided!!?
Mis-informed!!?

[mallorca 9] 24/4/2018 10:12

If Hawk can demonstrate rising production now then I see a good possibility of CBA extending the loan. It is only $21m after all - not big by oil industry standards.
They will set new covenants.
This will give JC some time to come up with refinancing options, which must include cash for new exploration drilling.
So my punt is based upon an extension to the CBA loan with new covenants, continuing rising production and a statement that refinancing is being explored to include a new drill campaign. That should help the share price

[mallorca 9] 24/4/2018 10:07

Morning all,

well I'm intrigued as to why the bank hasn't taken control of the business (by appointing an Administrator).
I woke up this morning thinking about Hawk and the position it is in.
I have taken a small punt and bought in.
Given that the bank hasn't chosen to place the business into Administration and fire Rick, it's clear that it see's it best chance of getting it's money back as being through Hawk continuing to operate.
The Investment bank has done Hawk a favour - it has shown CBA that if Hawk is sold to the highest bidder then that currently still does not achieve a high enough sale price to recover the $21m debt.
The oil price has thrown Hawk an overdue lifeline at nearly $70 x 750 barrels per day.
Hawk has just spent $3.5m on water flood and has also just completed well workovers. Production is beginning to rise.
The current share price is priced for bankruptcy, so ... well worth a small punt in anybody's money.

[philmac56] 23/4/2018 16:56

Makes me wonder if Rick is part of their family!!!

[mallorca 9] 22/4/2018 20:57

I've checked out ACP ... be careful, looks like one that will be raising funds time and time again.
PMG is the one.

[balbains324] 22/4/2018 17:04

JC won't loose anything! He will buy the company out of administration for peanuts. Wipe off the huge debt pile and make his money from the get go while oil price is climbing. We are the only ones who have lost. That's 2 for me this year...carillion and hawk. All my eggs in ACP....I hope it's a good one....can't be dealing with a hatrick

[mallorca 9] 22/4/2018 14:01

Looking forward to the week ahead at PMG though.

[mallorca 9] 22/4/2018 13:58

There is one glimmer of hope ....
If I were CBA and I wanted the best chance of getting my money back then I would see that as being from continuing production.
700 barrels per day being produced at nearly $70.
Question is do they appoint an Administrator to do this or see if JC will once again recapitalise the Company.
Should recapitalisation be the route then 2 million shares will probably become something like 20000 shares at the same share price
I wonder why JC would do that though given the diminishing oil reserves.
The bank will only be concerned in getting their money back.
Thus my guess ... the business continues under Administration .. Rick departs thus saving his salary. Whilst production continues .. a buyer for the business is still sought by CBA.
Sorry to say though ... whatever happens, small private investors are unlikely to achieve anything above £ zero.

[mallorca 9] 22/4/2018 13:50

JC has lost a personal fortune here.
Bankruptcy protection is his main concern here to protect himself from being personally pursued by CBA.
This explains his swift resignation from the Board.

[mallorca 9] 22/4/2018 13:46

I wonder whether Friday may have been the last day of trading for Hawk !
The bank had issued a default note and is now in total control as to what happens next.
Their ONLY concern is in getting back as much of the $21m owed to them as possible.
Surely they will appoint their own Administrator to manage affairs.
Thus very soon the BIG RNS , ie , Company now being run under administration, Rick gone, trading suspended.
Re the CP mentioned above, don't worry ... they will make sure that they get their money back ... they are still paying themselves 15% pa on their $3.5m loan for WF.
It's only ordinary shareholders who lose all ... no value left for them .. as per RNS.
Chapter 11 Bankruptcy notices will soon come out too - this is to protect JC.

[marmar80] 22/4/2018 13:45

Phil, it brings $1.4-1.5m at $65per barrel. Costs at minimum so repayment plan would work if the bank agrees to installments $1m per month for another 2 years. Dreaming, but no other solution. No point selling producing wells.

[marmar80] 22/4/2018 11:49

Bank see new & changed situation at $65, don't know why do they want Hawk to go under administration.

[philmac56] 22/4/2018 07:06

Our current production brings in $1,500,000 approx @ $55 a barrel....so what are we paying out of that each month.

Wages
Rental of WF equipment,
Any Royalties,
Transportation costs,

[philmac56] 22/4/2018 06:14

I think CP have to much invested here to leave it fail...time will soon tell

[marmar80] 21/4/2018 23:52

Manager of the year..

[philmac56] 21/4/2018 19:39

balbains...for what the value of my current holding is, i would prefer to sink with the boat!!

yes, rick should have gone a long time ago, he has too much say on the board imo

[balbains324] 21/4/2018 15:33

This is AIM!! Balance sheet doesn't count for much when most shares are traded on potential and sentiment.

[sleveen] 21/4/2018 15:25

You ignored the information you really needed.

The balance sheet.

[balbains324] 21/4/2018 15:15

Very unfortunate this Phil, lack of information has really done us over. Rick should have gone ages ago. I have managed to sell all of my holding at a huge loss yesterday. I don't think by the sound of that RNS there is anything left for shareholders. If you don't sell then I sincerely hope this works out for you.

[marmar80] 21/4/2018 14:30

Also hard to believe in the valuation made by the investment bank. Selling all producing wells, cash generating, selling land or leases mist be worth more than CBA debt level! I smell private businesses being made behind closed doors.

[philmac56] 21/4/2018 13:49

Marmar...let's not forget, we not told anything.
Who knows perhaps CP have had their deferred interest payments...

[philmac56] 21/4/2018 13:06

Marmar...the WF been shut down for 3 months, 3 months rent paid for equipment, which is not in use.

Rick taken a bonus??