Nighthawk Energy Share Discussion Threads

[philmac56] 03/7/2018 09:39

Well I have always wondered if the flow rates through the pipes are/ have been manipulated.... shame, we will never know or profit from it now.

[maxwell] 03/7/2018 09:21

Wouldn’t be a surprise if the barrels per day increased over the remaining months
at a couple of percent a day to around 1200 per day........... any small oiler would
be over the moon with 900bpd as company made good............

[philmac56] 03/7/2018 07:59

I have wondered if Polaris was/is the "secret" farm in partner that never bore a hole, but probably had access to 3d data etc.

[marmar80] 03/7/2018 07:37

WTI $75.Polaris will make $25m per year if production stays around 900 barrels per day.

[maxwell] 01/7/2018 18:37

We could all express our thoughts about the directors here but they have the great US of A court to help them and not the shareholders ie: The world is round......

[mallorca 9] 01/7/2018 10:49

Put a bit into PMG Phil.
Over time it will 20 x.
I'm 80% up there already even after the recent pullback.

[philmac56] 30/6/2018 15:52

Dear Mr McCullough, & Board members of NHawk,

You do not know me.

However, as a shareholder of Nighthawk Energy I know of you all through my shareholding which I have witness crash from approx. 11p to zero per share during your time at the helm (1).

During your time at the helm you have kept me and all other shareholders in the dark about the way the company was heading/performing i.e.
1) Who now runs the Salen well?
2) Who were our intended farm in partners? Was it Polaris Production Partners??
3) The hopes you all seem to pin on waterflood, which has failed dramatically....just to name a few!

However, since your appointment on 1/10/2014, (SP around 10p) I have witnessed that within four years of your appointment at N hawk, all my investment disappear.

Footnote (2) gave hope!! The content of the RNS was upbeat! share price around 6p.
Footnote (3) gave further hope!! The content of the RNS was upbeat and indicated that JC was prepared to lend more money for further drilling to take place.
Footnote (4) start of the rot! share price close to 4p.
Footnote (5) the rot continues!
Footnote (6) the writing is on the wall!
Footnote (7) 2 ½ months before you inform shareholders!! share price around 2p!!
Footnote (8) start of a false dawn!! share price around 0.05p!!
Footnote (9) another rotten apple bites the dust.
Footnote (10) another false dawn appears!!
Footnote (11) now CBA become very concerned about their money!!

I could go on & on, but why!!!!

Some legacy you have left behind!!

(1) The Company is pleased to announce that Richard ("Rick") W. McCullough has been appointed as Executive Chairman, effective from 1 October 2014. Rick will be based in Denver, USA.
(2) RNS Number : 1794F Nighthawk Energy plc 18 February 2015
(3) RNS Number : 2853W Nighthawk Energy plc 18 August 2015
(4) RNS Number : 7525C Nighthawk Energy plc 20 October 2015
(5) RNS Number : 1911D Nighthawk Energy plc 23 October 2015
(6) RNS Number : 9987G Nighthawk Energy plc 26 November 2015
(7) RNS Number : 5854I Nighthawk Energy plc 10 December 2015
(8) RNS Number : 5155A Nighthawk Energy plc 08 June 2016

[astorcourt] 30/6/2018 11:05

PANTHEON RESOURCES WILL FOLLOW SUIT

[marmar80] 30/6/2018 10:28

PWhite, I told you this sale will end the company. Only FAIR offer at market value could have secured the company listing.
I'm sure the deal was pre-agreed and both directors should have been held responsible for this what happened. No idea about JC real intensions and part he played in this game. Unfortunately Delaware Court, that doesn't recognise emails and calls, but only letters sent by post, proved that it doesn't care about shareholders and AIM regulator doesn't even bother to reply our emails. I know there was a few here, including myself, who tried all the available options to stop this sale as the offer was ridiculously low. Thanks to them for all the effort.

Nighthawk' BoD/Polaris plan was simple and worked well. We only don't know how far back it all started. Personally I think that is possible that the offer came before the directors decided about closing London office. The cost cutting move to Denver let us believe that they will be closer to operations and will manage it better on site. In fact, far from UK, they were secretly finalising the sale letting shareholders know after suspending the share trading. Applying to UK court to recognise any US court decision killed our chances for appeal in UK. Well, even if there are chances, it's all too late now. This weekend it's a pre-sale party time and guess who is sponsoring it.

AIM share listing is to be cancelled in 30 days as they have no money (? see below basic calculations) in the company account and no intention to work here. Of course not surprised as the commission must have been good enough. They definitely afraid of shareholder anger so no way they will move to work in London in any listed company.

Now when oil price is heading to $80, Polaris will get their all invested money back within 12 months. You won't find any investment product on the market that will give you 100% return from investment in year one. That's why their offer was not fair. If the directors really wanted help us, they would have advertised it in London, so the minimum price would be $30m, but realistically even $50m was possible leaving $25m on the company accounts.
Polaris is paying $18m for he wells that are generating $2m per month. wow!

We, shareholders, paid for the drilling, years of exploring, maps, projects, leases but they had no shame and sold not only operational wells but everything included.

But bored small people said, Polaris meet our generosity, take all, we are only working here, we do not care, this is not our money. All we want is sweet retirement.

I strongly think that in current oil market, all the ad ons carried additional value. The leases could generate additional few millions per year if released to other companies. Nighthawk's acreage is/was huge and oil market is booming heading to $80 now. No better time to invest in drilling.

IF they have left Nighthawk Energy listed with all the leases, plans, acreage transerred to, then it would be a completely different story from Monday July 2nd.

How important for the company survival was to achieve price exceeding the CBA loan balance?
Each $1m exceeding $18m would give £0.75m, so above 50% of the last market capitalisation.

May 1st, HAWK's market cap was £1.1m

Now, basic calculations:
April 20th - CBA balance $21.25
May 1st - deduct $2m as per cash received from oil
Assume same happened on June 1st and end of June, so it's further $4m down

June 30th CBA loan balance $15.25
July 1st - Polaris paying $18m

Where is almost $3m ?

Hard to say more cause my heart is bleeding seeing one of my two favourite companies going down.
Best of luck to all who fought.

[philmac56] 30/6/2018 09:34

I have one more task left, I will be sending each current/recently retired BOD members an email.
I won't mince my words!!

[pwhite73] 30/6/2018 07:47

With a nomad resignation and no replacement its certainly all over now.

pr100 - "Meanwhile, why has JC gone quiet? Has he been bought off with a slice of this deal?"

The most important post to date. I never could work out how comes from trying to remove the directors they came to an agreement to facilitate the sale of assets that left zilch for shareholders.

[mallorca 9] 29/6/2018 22:25

See you on PMG.

[marmar80] 29/6/2018 12:11

Polaris, affiliate of Morse Energy Capital, Nighthawk Energy, friends from Denver.

[thetiminator] 29/6/2018 10:14

Anyone done any research in to Polaris?

[pr100] 29/6/2018 09:31

PIs are guilty too. This train wreck has been coming for years. Y'all should have long ago sold or tabled a resolution to get rid of the directors.

Meanwhile, why has JC gone quiet? Has he been bought off with a slice of this deal? For sure he still has a piece of the oil.

Trust no-one - especially not yourself if you just sat and watched.

[maxwell] 29/6/2018 08:33

The court has now legally taken the shareholders to the cleaners all due to the Directors incompetent actions, you couldn't write this if you tried..

[philmac56] 29/6/2018 08:21

Well marmite9, your gloating will soon cease.

Good luck all with any future investment you make, just give the name of Rick Mc a wide berth.

[mallorca 9] 28/6/2018 12:54

Perhaps they'll keep this bb open so Phil and marmar can stay in touch.

[maxwell] 28/6/2018 11:42

To late now

[marmar80] 28/6/2018 00:35

Oil is adding to the frustration here, gained again 2.5%. Wti now $72.5! which brings Nighthawk's cash from production to $2m per month. CBA debt must be now below $20m.

[philmac56] 27/6/2018 21:36

Why don't you get knuked

[mallorca 9] 27/6/2018 20:20

Why don't you two get engaged ?

[marmar80] 27/6/2018 14:41

Btw. I've got your pm.