Nighthawk Energy Regulatory News (HAWK)

29 October, 2015

NIGHTHAWK ENERGY PLC

("Nighthawk" or "the Company")

Drilling Program and Production Update

Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), is pleased to announce an update to production and the ongoing 2015 drilling program.

Production Update

Average gross oil production from all wells in the quarter ended September 2015 was approximately 1,700 barrels per day ("bbls/day") and is averaging approximately 1,600 bbls/day, through mid-October. The decline is associated with the normal decline curve of the wells. No production related to the Monarch 10-15 nor Crested Butte 2-14 wells are included in the below production numbers. The Company is currently performing testing on these two wells.

*Net production is based upon Nighthawk's Net Revenue Interest of approximately 82%

Drilling Plans

As previously disclosed, Nighthawk has reviewed the Monarch Joint Development Area (JDA) 2015 drilling plan, and, taking into consideration the information from the drilling of the initial two wells, has commenced drilling the Happy Jack 7-10 well. Upon completion of the Happy Jack well and after analysis of the results, the Company intends to drill the North Star 1-14 well before the end of November 2015.

Both wells will be drilled to an expected depth of 8,600 ft; the anticipated depth of the targeted Spergen formation (a geological horizon within the Mississippian age formation). The total costs of each well, including completion and surface equipment, are anticipated to be $1.5 million.

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Chuck Wilson, Chief Operating Officer, commented:

"We are cautiously optimistic about the potential of these two new targets. The information learned from the prior two JDA wells has provided additional data points in our evaluation and assessment process. As we have disclosed previously, these structures that we have located through use of seismic, must individually be tested to determine if they are oil bearing in the Spergen formation. We have identified a total of 10 such structures in the Monarch JDA and we now plan to test two more structures as part of our planned drilling of the Happy Jack and North Star locations. The existence of the Atoka Formation in the Monarch 10-15 well also provides some potential reserves that we are anxious to evaluate in the going forward wells. After these two wells, the Company will lay down the rig until spring 2016, taking that time to expand our knowledge and assess the opportunities before us. We expect to reach TD at the Happy Jack location within the next 16 days and the North Star by the end of November 2015. "

Chuck Wilson, Chief Operating Officer of Nighthawk, who has over 33 years of experience in the oil and gas industry and meets the criteria of qualified persons under the AIM guidance note for mining and oil and gas companies, has reviewed and approved the technical information contained in this announcement.

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