4 Jan 2016 07:00
4 January 2016
NIGHTHAWK ENERGY PLC
("Nighthawk" or "the Company")
Bank Negotiation
Nighthawk, a US focused oil company (AIM: HAWK and OTCQX: NHEGY), announces an extension waiver on its Company's Reserve Based Loan ("RBL") renegotiation.
Reserves Based Loan Covenant Compliance
As previously announced on December 23, 2015, the Company received a waiver from the Commonwealth Bank of Australia, the Company's RBL provider, covering certain non-compliance items. The waiver initially was up to December 31, 2015. As the Company and the bank are continuing to work together to modify or adjust the covenants under the RBL to provide for a long term solution that will allow ongoing compliance, this waiver has been extended up to January 9, 2016. A further announcement will be made in due course.
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Enquiries:
Nighthawk Energy plc | |
Rick McCullough, Executive Chairman | +1 303 407 9600 |
Kurtis Hooley, Chief Financial Officer | +44 (0) 20 3582 1350 |
Westhouse Securities Limited | +44 (0) 20 7601 6100 |
Alastair Stratton | |
Robert Finlay | |