26 Nov 2015 07:00
26, November 2015
NIGHTHAWK ENERGY PLC
("Nighthawk" or "the Company")
Operational Update
Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), announces an update to the Company's current drilling of the Northstar 1-14 well.
Drilling Update
The Northstar 1-14 well was spudded on 12 November, 2015 and was drilled to a total depth of 8,900 feet. The well was drilled on an independent structure within the Monarch Joint Development Area. The Spergen formation was present in the Mississippian section of the well and had no oil shows. Open hole logs were run to evaluate the potential of the shows in uphole zones and it was determined that there were no zones in the well that would warrant the running of production casing and initiating a completion. Accordingly, the well is being plugged and abandoned.
This fulfills our drilling commitments for the Monarch Joint Development Area and there is no further drilling planned for 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.
Enquiries:
Nighthawk Energy plc | |
Rick McCullough, Chairman | +1 303 407 9600 |
Kurtis Hooley, Chief Financial Officer | +44 (0) 20 3582 1350 |
Westhouse Securities Limited | +44 (0) 20 7601 6100 |
Alastair Stratton | |
Robert Finlay |