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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Nighthawk | LSE:HAWK | London | Ordinary Share | GB00B156TD53 | ORD 0.25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.115 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jan 2020 to Jan 2025
TIDMHAWK
RNS Number : 0337O
Nighthawk Energy plc
14 May 2018
14 May 2018
NIGHTHAWK ENERGY PLC
("Nighthawk" or "the Company")
Update on Chapter 11 proceedings
Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), announces that it has today obtained orders (the "Orders") from the English High Court recognising the Chapter 11 proceedings commenced by the Company and its U.S. subsidiary Nighthawk Royalties LLC ("Nighthawk Royalties") on Monday 30 April 2018 in the United States Bankruptcy Court for the District of Delaware as a foreign main proceeding under Article 15 of Schedule 1 of the Cross-Border Insolvency Regulations 2006 (" the CBIR").
The effect of the Orders is that the English High Court ("Court") has imposed a stay on any action or proceeding against the Company and/or Nighthawk Royalties and their property except by leave of the Court and subject to such terms as the Court may impose, pursuant to Article 20 and Article 21 of Schedule 1 of the CBIR, as well as pursuant to the Court's common law powers of assistance.
The Company's ordinary shares remain suspended from trading on AIM pending clarification of its financial position.
Further announcements will be made in due course.
Enquiries:
Nighthawk Energy plc Rick McCullough, Chairman +1 303 407 9600 Chris Kohler, Interim Chief Financial Officer +44 (0) 20 3582 1350 Stockdale Securities Limited +44 (0) 20 7601 6100 Richard Johnson Edward Thomas
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU 596/2014).
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCFKQDQABKDAPD
(END) Dow Jones Newswires
May 14, 2018 12:48 ET (16:48 GMT)
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