Nighthawk Energy Regulatory News (HAWK)

7 October 2014

NIGHTHAWK ENERGY PLC

("Nighthawk" or "the Company")

Directors Dealings

and

Issue of Equity

Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), announces the following Directors' dealings and share option exercises.

The Company received a conversion notice from Chuck Wilson, Chief Operating Officer, to exercise share options over 1,100,000 ordinary shares of 0.25 pence each (the "1.1 million Option Shares"). The 1.1 million Option Shares have an exercise price of 7.25 pence per share. The Company was notified on 3 October 2014 that simultaneous with exercise, Mr Wilson has sold the 1.1 million Option Shares at a price of 9.13 pence per share. Application has been made for the 1.1 million Option Shares to be admitted to trading on AIM and it is expected that this will take place on or around 10 October 2014. Following this exercise and sale, Mr Wilson's holdings in the Company remain unchanged at 725,000 ordinary shares at 0.25 pence each ("Ordinary Shares"), representing approximately 0.08 per cent. of the Company's issued share capital. Mr Wilson also holds 6,900,000 vested options over Ordinary Shares in the Company.

The Company was also notified on 3 October 2014 that Rick McCullough, Chairman, purchased 1,100,000 Ordinary Shares at a price of 9.13 pence per Ordinary Share. Following this purchase, Mr McCullough's shareholding in the Company stands at 1,100,000 Ordinary Shares, representing approximately 0.11 per cent. of the Company's issued share capital.

Additionally, the Company received a conversion notice from an employee to exercise share options over 100,000 ordinary shares of 0.25 pence each (the "2nd Option Shares"). The 2nd Option Shares have an exercise price of 6.13 pence per 2nd Option Share. Application has been made for the 2nd Option Shares to be admitted to trading on AIM and it is expected that this will take place on or around 9 October 2014.

Following the issue of the 1.1 million Option Shares and 100,000 2nd Option Shares, Nighthawk will have 960,576,330 Ordinary Shares in issue, which will also represent the total number of voting rights in the Company. This figure should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

- Ends-

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