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Oil minnows go after bulletin board abusers

Mon, 09th Aug 2010 14:20

A pair of AIM-listed oil companies may take legal action against users who posted "defamatory and untrue" postings on two bulletin boards.US-focused Nighthawk Energy and Nostra Terra Oil and Gas have gained court orders telling those responsible for the boards - Interactive Investor (iii) and ADVFN - to name the guilty parties."The postings concern the operations of Nighthawk and its management which the board considers to be extremely damaging to the company and its reputation," Nighthawk said Monday.Those involved have now been identified and both companies are considering whether to start civil proceedings against them for defamation. Nostra's shares have slumped 89% since November and Nighthawk is down 45% in less than 10 months.Thousands of investors post their views and opinions on bulletin boards every day, but they are not policed by the businesses that run them.ADVFN has already complied with a number of court orders this year demanding the identity of users be made available. Boards were hugely popular during the tech boom of the late 90s and early 2000s, but they became susceptible to "ramping", where someone submits a post containing false information that they hope will artificially boost the share price.They might also try and push prices lower by inventing rumours designed to scare investors into selling, maybe if they have a short position themselves, or if they want to buy at a cheaper price.
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19 Jul 2018 11:41

Nighthawk Energy Sells All Operating Assets In US For USD18 Million

LONDON (Alliance News) - US-focused, UK-listed oil company Nighthawk Energy PLC said on Thursday it has closed the sale of all assets belonging to its US operating subsidiary Nighthawk Production

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29 Jun 2018 12:24

US Court Approves Nighthawk Energy Asset Sale Ahead Of Wind-Up

LONDON (Alliance News) - Nighthawk Energy PLC on Friday said a court in the US has approved the sale of all of its assets, following which the company will be wound up.On Thursday, the US a

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11 Jun 2018 13:52

Nighthawk Energy Cancels General Meeting For Reconstruction Focus

LONDON (Alliance News) - US-focused oil company Nighthawk Energy PLC said on Monday it has cancelled its general meeting scheduled for June 28, after shareholders Fasighets AB Korpralen and Johan

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16 May 2018 14:33

NightHawk Energy US Subsidiary Files For Chapter 11 Bankruptcy

LONDON (Alliance News) - US focused oil development and production company Nighthawk Energy PLC said Wednesday that its US subsidiary Nighthawk Production LLC has filed a voluntary petition for 11

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14 May 2018 18:09

UK High Court Notes Nighthawk Energy's Bankruptcy Proceedings In US

LONDON (Alliance News) - US-focused oil and gas company Nighthawk Energy PLC said on Monday it has obtained orders from the UK High Court recognising the Chapter 11 proceedings between the company

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10 May 2018 14:07

Shareholders Call Meeting To Remove Nighthawk Energy Leadership

LONDON (Alliance News) - Nighthawk Energy PLC on Thursday said it has received a requisition notice from shareholders to remove both its executive chairman and chief operating officer.The

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4 May 2018 18:18

Nighthawk Energy Appoint Bankruptcy Expert As Non-Executive Director

LONDON (Alliance News) - US focused oil development company Nighthawk Energy PLC said Friday Drew McManigle is to become it new non-executive director with immediate effect.McManigle is of

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1 May 2018 11:30

Nighthawk Energy Files For Chapter 11 Bankruptcy Protection

LONDON (Alliance News) - NightHawk Energy PLC on Tuesday said it has filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the District of Delaware to preserve its ability to a

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20 Apr 2018 10:36

WINNERS & LOSERS SUMMARY: Reckitt Slides After Missing Forecasts

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - LOSERS----------Reckitt down it

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20 Apr 2018 10:17

Nighthawk Energy Shares Drop 66% As It Gets Default Notice From Bank

LONDON (Alliance News) - Shares in Nighthawk Energy PLC plunged on Friday as it said it had defaulted on a loan with assets now possibly subject to foreclosure or "other shares were trading a

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23 Mar 2018 11:45

Nighthawk Energy Says Workovers Complete In Several Wells

LONDON (Alliance News) - Oil company Nighthawk Energy PLC said Friday that between November and January several wells required non-routine workovers, which have now been three

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15 Feb 2017 11:31

Nighthawk reports rise in total 3P reserves

(ShareCast News) - Nighthawk says its total 3P reserves rose to 3.89m barrels at 31 December, 2016, from 3.64m barrels a year earlier. Total proved reserves rose to 1.54m barrels, from 1.41 barrels. Probable reserves rose to 1.8m barrels, from 1.42m barrels, while possible reserves fell to 545,000 b

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16 Dec 2016 09:06

Nighthawk Energy reaches settlement with Cascade Petroleum

(ShareCast News) - US-focused oil development and production company Nighthawk Energy announced the execution of a settlement agreement regarding the Monarch Joint Development Agreement on Friday. The AIM-traded firm said it was entering into the settlement agreement with Cascade Petroleum, under th

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30 Nov 2016 09:17

Nighthawk Says Production Remains "Strong" Despite Decline In Output

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11 Nov 2016 10:29

Nighthawk Energy updates on water flood pilot project

(ShareCast News) - AIM-listed oil development and production company Nighthawk Energy has received approval on one injector well and has begun the injection of water at its water flood pilot project at Arikaree Creek in Colorado. The group had announced delays to the project on 1 November, but on Fr

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