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
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.