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
26th Mar 20097:00 amRNSHalf Yearly Report
10th Mar 20097:00 amRNSDevon Project Update
27th Feb 200912:09 pmRNSTotal Voting Rights
24th Feb 20097:00 amRNSJolly Ranch Well Acquisition
19th Feb 20097:00 amRNSDevon Discovery
12th Feb 200912:20 pmRNSHolding(s) in Company
12th Feb 200912:17 pmRNSHolding(s) in Company
5th Feb 20097:00 amRNSPlacing
21st Jan 20097:00 amRNSHolding(s) in Company
6th Jan 20097:00 amRNSJolly Ranch Update
19th Dec 20087:00 amRNSJolly Ranch Operational Update
17th Dec 20089:43 amRNSHolding(s) in Company
10th Dec 20087:00 amRNSDirectorate Change and Senior Appointment
9th Dec 200810:43 amRNSHolding(s) in Company
2nd Dec 20089:17 amRNSHolding(s) in Company
1st Dec 20081:01 pmRNSTotal Voting Rights
1st Dec 200810:03 amRNSHolding(s) in Company
26th Nov 20082:55 pmRNSResult of AGM
26th Nov 20087:00 amRNSJolly Ranch Group Update
25th Nov 20087:00 amRNSPlacing of ?5million
13th Nov 20087:00 amRNSCenturion Update
3rd Nov 20087:00 amRNSJolly Ranch Update
29th Oct 20084:38 pmRNSPrice Monitoring Extension
27th Oct 20087:00 amRNSFinal Results
8th Oct 200811:21 amRNSHolding(s) in Company
8th Oct 20087:00 amRNSUpdate on Projects
2nd Oct 20087:55 amRNSUpdate on Projects
23rd Sep 20087:00 amRNSHolding(s) in Company
18th Sep 20087:00 amRNSBuchanan Group Projects Update
4th Sep 20085:20 pmRNSHolding(s) in Company
21st Aug 20089:34 amRNSJolly Ranch Update
29th Jul 20089:05 amRNSHolding(s) in Company
24th Jul 20089:58 amRNSHolding(s) in Company
17th Jul 20089:06 amRNSHolding(s) in Company
30th Jun 20084:03 pmRNSTotal Voting Rights
16th Jun 20087:00 amRNSJolly Ranch and Middle Mist P
9th Jun 20087:00 amRNSBuchanan and Worden Projects
4th Jun 20084:51 pmRNSIssue of Equity
3rd Jun 20087:00 amRNSDevon Oilfield Update
30th May 200812:13 pmRNSTotal Voting Rights
27th May 20084:29 pmRNSIssue of Equity
7th May 20087:00 amRNSJolly Ranch Update
1st May 20082:01 pmRNSHolding(s) in Company
30th Apr 20085:11 pmRNSTotal Voting Rights
30th Apr 20087:01 amRNSJolly Ranch Update
22nd Apr 200812:51 pmRNSHolding(s) in Company
14th Apr 20084:39 pmRNSHolding(s) in Company
4th Apr 20081:56 pmRNSIssue of Equity
28th Mar 20087:01 amRNSHolding(s) in Company
18th Mar 20088:46 amRNSDirector/PDMR Shareholding

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.