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

Production Update

5 Aug 2013 07:00

RNS Number : 9018K
Nighthawk Energy plc
05 August 2013
 

 

 

 5 August 2013

 

NIGHTHAWK ENERGY PLC

("Nighthawk" or "the Company")

 

Production Update

July average oil production exceeds 1,500 barrels per day

 

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

 

Highlights

 

·; Average gross oil production in July 2013 of 1,512 barrels per day ("bbls/day")

 

·; Snowbird 9-15 well commenced production on 19 July 2013

 

·; Five wells now in production on the Arikaree Creek oil-field

 

·; Total production from all producing wells is currently running at over 1,650 bbls/day

 

Production

 

Average gross production levels in July 2013 increased to 1,512 bbls/day, with both the Silverton 16-10 and Snowbird 9-15 wells brought on-stream during the month. The Snowbird 9-15 well commenced production on 19 July, initially producing into temporary storage facilities. July production from the well since start-up averaged 151 bbls/day and is expected to increase once the permanent production facilities are completed early in August and pump stroke rates are increased.

 

After initial production in early July 2013, the Silverton 16-10 well was temporarily off-line for tubing repairs and adjustments. The well recommenced production on 23 July, averaging 154 bbls/day over the last 9 days of the month. As with the Snowbird 9-15 well, pumping rates are currently being held at lower levels whilst the well settles down and the Company plans to increase the stroke rate over the next few weeks.

 

 As anticipated both Silverton 16-10 and Snowbird 9-15 are producing formation water alongside the oil. The quantities of water produced are well within the Company's salt-water disposal capacity and are having no material impact on production operations.

 

With five wells producing on Arikaree Creek and a small contribution from the older Jolly Ranch wells, total production over the last 9 days of July was over 1,650 bbls/day.

 

Stephen Gutteridge, Chairman of Nighthawk, commented:

 

"We are pleased with the increase in production, particularly as it has coincided with exceptionally good Colorado oil prices of over US$90/bbl, and as the new wells settle down we anticipate further increases over the next couple of months. We will also be engaged in detailed planning of the next steps in developing Arikaree Creek and our other highly prospective acreage. We have recently acquired an extensive 2D seismic grid and will be utilizing this to identify both new conventional targets and to plan commercial exploitation of the extensive unconventional Pennsylvanian opportunities across our acreage."

 

 

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
Chris Sim
George Price 
020 7597 4000
chris.sim@investec.co.uk
george.price@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
 
 
DRLGMGGRZDZGFZM
Date   Source Headline
7th Oct 20147:00 amRNSDirectors Dealings and Issue of Equity
6th Oct 20147:00 amRNSAppointment of Joint Broker
3rd Oct 20149:56 amRNSAmendment to Articles and Notice of GM
2nd Oct 20143:54 pmRNSShare Awards and Restricted Stock Scheme
29th Sep 20147:01 amRNSInterim Results
29th Sep 20147:00 amRNSFinancing Update
26th Sep 20147:00 amRNSProduction and Drilling Update
23rd Sep 20147:00 amRNSAppointment of Executive Chairman
21st Aug 20147:01 amRNSProduction and Development Update
21st Aug 20147:00 amRNSNew US$100 million Debt Facility
12th Aug 20147:00 amRNSConversion of Loan Notes and Total Voting Rights
17th Jul 20147:00 amRNSDrilling and Production Update
11th Jun 20147:00 amRNSDrilling and Production Update
2nd Jun 20141:11 pmRNSResult of AGM
21st May 20143:29 pmRNSMedia Speculation
9th May 20141:27 pmRNSAnnual Report and Accounts & Notice of AGM
9th May 20147:00 amRNSDrilling and Production Update
28th Apr 20147:00 amRNSConversion of Loan Notes and Total Voting Rights
17th Apr 20147:00 amRNSDrilling and Production Update
31st Mar 20147:00 amRNSDirectorate Changes
28th Mar 20147:01 amRNSPreliminary Results
10th Mar 20147:00 amRNSProduction and Operational Update
28th Feb 201410:14 amRNSTotal Voting Rights
18th Feb 201412:54 pmRNSIssue of Equity
14th Feb 20147:00 amRNSDrilling and Production Update
17th Jan 20147:00 amRNSDrilling Update
6th Jan 20141:13 pmRNSDirector/PDMR Shareholding
6th Jan 20147:00 amRNSDrilling and Production Update
3rd Jan 20142:34 pmRNSConversion of Loan Notes and Total Voting Rights
27th Dec 20134:35 pmRNSPrice Monitoring Extension
11th Dec 20136:06 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
11th Dec 20137:00 amRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
9th Dec 20137:00 amRNSDirector/PDMR Shareholding
6th Dec 20137:00 amRNSDrilling and Production Update
2nd Dec 20137:00 amRNSTotal Voting Rights
21st Nov 20137:00 amRNSCapital Reduction Effective
8th Nov 201310:12 amRNSExercise of Warrants and Total Voting Rights
1st Nov 201310:15 amRNSTotal Voting Rights
29th Oct 20137:00 amRNSFarm-Out Agreement
18th Oct 201311:38 amRNSResult of General Meeting
16th Oct 20137:00 amRNSDrilling Update
9th Oct 20131:24 pmRNSExercise of options
8th Oct 20137:00 amRNSProduction Update
2nd Oct 20137:00 amRNSPosting of Circular
1st Oct 20137:00 amRNSIssue of Equity and Total Voting Rights
25th Sep 20137:00 amRNSInterim Results
13th Sep 20137:00 amRNSProduction and Drilling Update
2nd Sep 20137:00 amRNSTotal Voting Rights
22nd Aug 20137:00 amRNSConversion of Loan Notes
13th Aug 20137:00 amRNSCompany Presentation

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.