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Production Update

30 May 2013 07:30

RNS Number : 8727F
Nighthawk Energy plc
30 May 2013
 



 

30 May 2013

 NIGHTHAWK ENERGY PLC

("Nighthawk" or "the Company")

 

Production Update

Big Sky 4-11 well commences Production

 

Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), announces an update on production from its 100% controlled and operated Smoky Hill and Jolly Ranch projects in the Denver-Julesburg Basin, Colorado.

 

Highlights

 

·; The Big Sky 4-11 well, located on the Arikaree Creek oil-field, commenced production on 24 May 2013

 

·; Initial production rates since coming on-stream are ahead of the Company's expectations and have been in the range of 300-400 barrels of oil/day ("bbls/d") with no water production

 

·; Production from the Steamboat Hansen 8-10 well, also located on the Arikaree Creek oil-field, continues at a steady rate of 280-300 bbls/d with no water production

 

·; Additional producing wells located on the Jolly Ranch project are currently contributing a further 80-100 bbls/d in total

·; Further increases in production are anticipated from the current drilling and work-over programs

 

 

Chuck Wilson, Chief Operating Officer of Nighthawk, who has over 32 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.

 

- Ends-

 

Enquiries:

Nighthawk Energy plc

Stephen Gutteridge, Chairman

Richard Swindells, Chief Financial Officer

 

 

020 3582 1350

 

Westhouse Securities Limited

Richard Baty

Ian Napier

020 7601 6100

richard.baty@westhousesecurities.com

ian.napier@westhousesecurities.com

Investec Bank plc

Neil Elliot

Chris Sim

 

020 7597 4000

neil.elliot@investec.co.uk

chris.sim@investec.co.uk

 

FTI Consulting

Ben Brewerton

Ed Westropp

 

 

020 7831 3113

ben.brewerton@fticonsulting.com

edward.westropp@fticonsulting.com

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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