Nighthawk Energy Share Discussion Threads

[philmac56] 22/6/2018 16:36

Start of bidding process today

[ranald] 21/6/2018 09:16

I would hope and imagine that the efforts of everyone at the company are directed towards getting a sustainable alternative finance package in place to stave off the current threat of a complete failure- statutory requirements would rightly take a back seat under these desperate circumstances - what use would the 2017 Annual Report be if the company ceases to exist - leave them to it Philmac - complaining to AIM is hardly going to help the situation.

[philmac56] 21/6/2018 07:51

Annual Report 2017
Well they are cutting it fine for our annual report for 2017. AIM rules require that they are sent to all shareholders by

Annual accounts 19.
An AIM company must publish annual audited accounts which must be sent to its shareholders without delay and in any event not later than six months after the end of the financial year to which they relate.

So are the BOD we are not in existence by 28/6/18, which could be the case.

I have emay Rick & AIM this morning.

[philmac56] 18/6/2018 12:28

Are the BOD members to busy fighting their corner to publish
a) Annual Report 2017?
b) April & May production?

[mallorca 9] 17/6/2018 14:38

Which probably doesn't even generate a net profit - and they owe over $50m.

[marmar80] 16/6/2018 12:05

Edit. It's $1.725m cash

[marmar80] 16/6/2018 11:57

This is still almost $1.7m @$65 pb cash generated from existing wells.

[marmar80] 16/6/2018 11:53

Phil, now it's not surprising. In the current climate around the company, people working there are probably thinking about getting new jobs than about doing anything to maintain the production.

[philmac56] 16/6/2018 08:33

Cogcc updated for April, 26,539...834 bopd another fall from previous month...

[philmac56] 14/6/2018 08:21

Looks like the BOD have had their way with regards having the GM cancelled.

They suggested a letter to shareholders, with a copy posted on their website..

Alas, us shareholders will have to wait again, as we are put to one side.

This BOD needs to go.

[marmar80] 12/6/2018 20:54

Today another trade going thru US market where Nighthawk is listed

[marmar80] 12/6/2018 08:29

Secured to squeeze this cash cow to the last day. Report for 2017 won't be great but end of the year will show bigger stream of money as the oil prices increased.

[philmac56] 12/6/2018 08:24

We could get

a) Cogcc updated for April this week, individual well data.
b) Production for May!!!
c) Annual Report 2017.

Now that the BOD seem to have secured there position in the co for a while longer!!

[marmar80] 11/6/2018 20:45

I thought US listing is also suspended, but no. There was a trade over there today.

[pr100] 11/6/2018 11:17

"Solvent" doesn't mean "listed" of course. But JC owns plenty of shares which he will be keen to rescue if possible - and if he can rescue his shares then PIs should benefit too, even if an AIM listing can no longer be afforded.

So, self-interested or not, JC is your best bet and you should be supporting him until/unless he fails.

[maxwell] 11/6/2018 11:09

Sounds fair almost but another penny would help...

[marmar80] 11/6/2018 10:05

Lads we have to wait or come up with better solution via new egm, but as we have no contacts and no access to big money, then it's a $21m waiting game now. Best would be if they found a buyer willing to pay $50m for the entire company, receive 2p dividend from the surplus and go.

[ranald] 11/6/2018 09:47

This is good as it effectively achieves the result sought by the EGM as the Directors have now agreed to "work with the Requisitioning Shareholders on a reconstruction plan for the solvent reconstruction of the Company and its subsidiaries" whereas before they would not agree to do this. The Shareholders are back in charge.

[maxwell] 11/6/2018 09:41

Nothing wrong with business it is only money owed to bank for the rubbish
holes filled with water, seems unbelievable if any other company.........
Directors are supposed to run a company in the shareholders interest not as
a Flip a coin etc....

[philmac56] 11/6/2018 09:34

What, have they agreed on the sidelines, is there a deal to be done, which secures BOD jobs!!!

[marmar80] 11/6/2018 09:31

How many % votes is needed to call EGM? Can we still do the same?

[maxwell] 11/6/2018 08:20

All as it was - just seems to get worse, shareholders as normal
cannot have any input!?!?