1 Oct 2009 07:00
Nighthawk Energy plc
Jolly Ranch Craig 15-32-L Lateral Well
The directors of Nighthawk Energy plc ("Nighthawk") (AIM: HAWK), the US focused hydrocarbon production and development company, are pleased to announce that the Craig 15-32-L well, the first lateral well to be drilled at the Jolly Ranch Group project, has reached Total Depth of 8,554 feet of which 2,006 feet was the horizontal leg through the Cherokee formation. The well is currently being cased and the horizontal leg will be fracced ahead of production.
The Jolly Ranch project is located in Lincoln, Elbert and Washington Counties, Colorado. Nighthawk holds a 50 per cent. working interest in the project and the operator, Running Foxes Petroleum Inc. holds the remaining interest.
Tim Heeley B.Eng (Hons) a member of the Society of Petroleum Engineers, Fellow of the Geological Society of London and Chartered Energy Engineer, who is Commercial Director of Nighthawk and has over 12 years of experience in the hydrocarbons industry has approved the technical information contained in this announcement.
Enquiries:
| Nighthawk Energy plc David Bramhill, Managing Director Tim Heeley, Commercial Director | 01271 882160 020 7887 1454 07956 525433 |
| Hanson Westhouse Limited Tim Feather Matthew Johnson | 020 7601 6100 tim.feather@hansonwesthouse.com matthew.johnson@hansonwesthouse.com |
| Bishopsgate Communications Limited Nick Rome | 020 7562 3395 nick@bishopsgatecommunications.com |
| Financial Dynamics Ben Brewerton Ed Westropp | 020 7831 3113 ben.brewerton@fd.com edward.westropp@fd.com |