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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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29 Oct 2013 09:23

Nighthawk Energy Rises After Colorado Site Farm-Out Deal

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16 Oct 2013 10:25

Nighthawk Energy Begins Drilling Programme In Colorado

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8 Oct 2013 07:29

Nighthawk Energy Says New Wells Increase Oil Production 142%

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25 Sep 2013 07:13

Nighthawk Energy Loss Cut As Revenues Surge On Higher Production

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13 Sep 2013 10:32

Nighthawk Energy reports record oil production for August

Nighthawk Energy, the US-focused oil and natural gas company, said production at its Smoky Hill and Jolly Ranch projects in Colorado hit a new monthly record in August. It reported gross average oil production last month reached 1,661 barrels a day with an average price of $97 a barrel. The Aim-li

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13 Sep 2013 09:57

Nighthawk Achieves Record Oil Production Levels In Colorado

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5 Aug 2013 07:06

Monday broker round-up UPDATE

Anglo American: Citi increases target price from 1400p to 1500p reiterating a neutral rating. Atkins: Jefferies raises target price from 950p to 1075p and retains a hold recommendation. Capita: Berenberg takes target price from 955p to 1060p, while downgrading from buy to hold. Cineworld Group: N

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19 Jul 2013 14:55

Nighthawk Energy secures funding for projects

US-focused oil company Nighthawk Energy has entered into a short-term debt facility to fund the purchase of the remaining 25 per cent working interest in its Smoky Hill and Jolly Ranch projects in Colorado. The group exercised its option to acquire stake on July 4th and expects to complete the tran

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27 Jun 2013 10:31

Nighthawk Energy advances on positive drilling update

Nighthawk Energy, the US-focused oil development and production company, has reported the presence of hydrocarbons at the Mississippi Spergen formation. In a drilling and development update on the Arikaree Creek oilfield at its 100% controlled and operated Smoky Hill project in the Denver-Julesburg

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18 Jun 2013 09:22

Colorado oil production report lifts Nighthawk Energy

Shares in AIM-listed Nighthawk Energy rose on Tuesday after the US-focused oil development and production company reported that oil production at Arikaree Creek exceeded 1,000 barrels per day. In a production update covering the group's 100%-controlled and operated smoky Hill and Jolly Ranch projec

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4 Jun 2013 08:04

Nighthawk upbeat about Colorado oilfield after discovery

US focused oil explorer Nighthawk Energy said that drilling at its Taos 1-10 well at the Smoky Hill project in Colarado has confirmed an oil column, causing shares to surge on Tuesday morning. Taos 1-10 was drilled to a target depth of 8,315 feet and found 35 feet of gross pay interval in the Missi

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30 May 2013 11:51

Nighthawk Energy jumps on production update

Shares of Colorado focused shale oil producer Nighthawk Energy rallied as investors cheered a positive production and operations update at its Smoky Hill and Jolly Ranch projects in the Denver-Julesburg Basin. The group confirmed that the Big Sky 4-11 well, located on the Arikaree Creek oil field,

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11 Apr 2013 08:39

Nighthawk well positioned after record March

Nighthawk Energy, the Colorado focused shale oil producer, pumped a record monthly volume of oil from its wells and is generating free cash for further investment. The company averaged 372 barrels per day in March, well ahead of February's 284 and January's 280 barrels, and pledged further increas

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14 Mar 2013 09:11

Nighthawk's oil production and revenues soar

US-focused shale oil company Nighthawk posted a 65 per cent increase in revenues for the last half of 2012 on the back of record production. Group revenues came to $1.6m, up from $0.9m in the previous half, as gross production grew 165% to 135 barrels of oil per day. During the period, the company

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6 Feb 2013 10:46

Nighthawk shares lift off on Jolly Ranch update

Shares in US-focused shale oil development and production company Nighthawk Energy rose on Wednesday after the company published a positive production and operations update for its projects in Colorado. The AIM-listed company revealed that net revenue from oil sales for the two months of December a

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