Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNighthawk Energy Regulatory News (HAWK)

  • There is currently no data for HAWK

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Operational Update

13 Nov 2015 07:00

RNS Number : 5924F
Nighthawk Energy plc
13 November 2015
 

13, 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 year drilling program.

 

Drilling Update

 

The Happy Jack 7-10 well was spudded in late October and was drilled to a total depth of 8,400 feet. The well was drilled on an independent structure within the Monarch Joint Development Area. During the drilling of the well, oil shows were encountered in the Marmaton and Cherokee zones within the Pennsylvanian section. 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 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.

 

The last commitment well under the Company's 2015 program, the North Star 1-14, commenced drilling on Thursday, 11 November. The well is permitted to a total depth of 8,900 feet and is designed to test a structure which appears to be consistent to the Company's Keystone 3-7 well which is located to the Northeast of the North Star well and is located in the Broken Spear field.

 

As a result of drilling results in the Monarch Joint Development Area, the Company's average gross daily production levels for the year are likely to be in the range of 1,700-1,800 barrels per day, lower than market expectations. However, the Company expects revenues to be in line with market expectations.

 

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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLGGGWCGUPAPGP
Date   Source Headline
28th Sep 20121:23 pmRNSPosting of Annual Report & Notice of AGM
27th Sep 20127:00 amRNSFinal Results
24th Sep 20124:40 pmRNSSecond Price Monitoring Extn
24th Sep 20124:35 pmRNSPrice Monitoring Extension
21st Sep 20127:00 amRNSDrilling Report
28th Aug 20127:00 amRNSOperational Update
24th Jul 20127:00 amRNSOperations Update
1st Jun 201211:10 amRNSDirector/PDMR Shareholding
1st Jun 20127:00 amRNSOperations Update
10th May 20124:35 pmRNSPrice Monitoring Extension
27th Apr 20127:00 amRNSOperations Update
26th Mar 20127:00 amRNSOperations Update
26th Mar 20127:00 amRNSInterim Results
22nd Feb 20124:40 pmRNSSecond Price Monitoring Extn
22nd Feb 20124:35 pmRNSPrice Monitoring Extension
9th Feb 20127:00 amRNSOperations Update
1st Feb 20127:00 amRNSRe-organisation of Nominated Adviser and Broker
31st Jan 20122:01 pmRNSTotal Voting Rights
24th Jan 201211:05 amRNSHolding(s) in Company - Correction
23rd Jan 20121:08 pmRNSHolding(s) in Company
23rd Jan 20127:01 amRNSCompletion of Acquisition and Fundraising
20th Jan 20127:00 amRNSResult of Open Offer
17th Jan 20127:00 amRNSPlacing
4th Jan 20122:45 pmRNSPosting of Circular and Notice of General Meeting
28th Dec 20117:00 amRNSAcquisition and Fundraising
20th Dec 20114:40 pmRNSSecond Price Monitoring Extn
20th Dec 20114:35 pmRNSPrice Monitoring Extension
17th Nov 20117:00 amRNSJolly Ranch Q3 2011 Production Update
9th Nov 20117:00 amRNSChange of Registered Office
2nd Nov 20115:35 pmRNSHolding(s) in Company
1st Nov 20115:09 pmRNSHolding(s) in Company
1st Nov 201112:15 pmRNSTotal Voting Rights
26th Oct 20114:07 pmRNSHolding(s) in Company
26th Oct 20112:10 pmRNSResult of AGM
26th Oct 201110:34 amRNSPlacing
21st Oct 20114:40 pmRNSSecond Price Monitoring Extn
21st Oct 20114:35 pmRNSPrice Monitoring Extension
20th Oct 20117:00 amRNSDirectorate Change
18th Oct 201111:11 amRNSHolding(s) in Company
14th Oct 20117:00 amRNSStrategy Update
4th Oct 20114:35 pmRNSPrice Monitoring Extension
3rd Oct 201112:06 pmRNSAnnual Report and Notice of AGM
19th Sep 20117:00 amRNSFinal Results
15th Sep 20114:35 pmRNSPrice Monitoring Extension
8th Sep 20117:00 amRNSDirectorate Change
7th Sep 20114:40 pmRNSSecond Price Monitoring Extn
7th Sep 20114:35 pmRNSPrice Monitoring Extension
6th Sep 20114:40 pmRNSSecond Price Monitoring Extn
6th Sep 20114:35 pmRNSPrice Monitoring Extension
31st Aug 20114:40 pmRNSSecond Price Monitoring Extn

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.