5 Apr 2016 14:49
5 April 2016
NIGHTHAWK ENERGY PLC
("Nighthawk" or "the Company")
Production Update Correction
Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), announces a correction to the Company's latest current production level update.
Production Update
On 1 April 2016, the Company issued an update (RNS: 8318T) of its production which contained volumes for 2016 that were inaccurate. Presented below are the correct numbers.
Gross and net* production, in barrels, for the first two months of 2016 is summarised below.
Monthly | Daily Average | ||||||||||
Gross | Net | Gross | Net | ||||||||
2016 | 2015 | 2016 | 2015 | 2016 | 2015 | 2016 | 2015 | ||||
January | 43,915 | 63,605 | 36,031 | 52,183 | 1,417 | 2,052 | 1,162 | 1,683 | |||
February | 40,809 | 55,979 | 33,444 | 45,843 | 1,407 | 1,999 | 1,153 | 1,637 | |||
*Net production is based upon Nighthawk's Net Revenue Interest of approximately 82%
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 |
Stockdale Securities Limited | +44 (0) 20 7601 6100 |
Alastair Stratton | |
Robert Finlay David Coaten | |