21 May 2014 15:29
21 May 2014
NIGHTHAWK ENERGY PLC
("Nighthawk" or "the Company")
Media Speculation
Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), has noted the article that has today appeared on certain web sites regarding a lawsuit brought by Running Foxes Petroleum, Inc against a subsidiary of the Company, in a Colorado state court in the United States.
Nighthawk provides the following statement:
"Nighthawk's legal advice is that the case is completely without merit and the Company will be filing for dismissal. The facts and governing law do not give rise to any valid legal claim by Running Foxes Petroleum Inc, against Nighthawk, or otherwise raise a business issue that needs to be resolved between the companies. The allegations contained in the complaint are baseless, and the complaint is a frivolous, groundless and vexatious action. Nighthawk will vigorously defend against the complaint and seek all available legal remedies."
The Board of Nighthawk also regard the claim as financially immaterial relative to Nighthawk's current production, revenue and profitability.
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Enquiries:
Nighthawk Energy plc Stephen Gutteridge, Chairman Richard Swindells, Chief Financial Officer
|
020 3582 1350
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Westhouse Securities Limited Richard Baty Henry Willcocks | 020 7601 6100 richard.baty@westhousesecurities.com henry.willcocks@westhousesecurities.com | |
FTI Consulting Ben Brewerton Ed Westropp
| 020 7831 3113 ben.brewerton@fticonsulting.com edward.westropp@fticonsulting.com | |