23 Jan 2012 07:01
NIGHTHAWK ENERGY PLC
("Nighthawk" or "the Company")
Completion of Acquisition and Fundraising
Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), announces that its wholly owned subsidiary, Nighthawk Production LLC, has today completed the acquisition of a further 25% working interest in, and assumed the operatorship of, the Jolly Ranch Project.
Directorate Change
On Completion, Tim Heeley has stepped down as Chief Executive and as a Director to work with the existing Denver team to progress the development of the Jolly Ranch project. Stephen Gutteridge, previously Non-Executive Chairman, has assumed the role of Executive Chairman.
Directors' Interests
The holdings of the Directors are as follows:
Director | Number of Ordinary Shares | Percentage holding |
Stephen Gutteridge | 2,200,000 | 0.29% |
Richard Swindells | 765,637 | 0.10% |
Stuart Eaton | 996,500 | 0.13% |
Total Voting Rights
Following Admission of the Consideration, Placing and Open Offer Shares there are now 748,935,420 ordinary shares of 0.25p each in issue with each share carrying the right to one vote.
Further Information
A copy of the Circular posted to Shareholders on 4 January 2012 is available on the Company's website (www.nighthawkenergy.com). Capitalised terms in this announcement have the meanings given to them in the Circular.
Ends
Enquiries:
Nighthawk Energy plc Steve Gutteridge, Executive Chairman Richard Swindells, Chief Financial Officer
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020 3582 1350
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Westhouse Securities Limited Tim Feather Matthew Johnson | 020 7601 6100 tim.feather@westhousesecurities.com matthew.johnson@westhousesecurities.com |
FTI Consulting Ben Brewerton Ed Westropp | 020 7831 3113 ben.brewerton@fticonsulting.com edward.westropp@fticonsulting.com
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