2 May 2017 07:00
2 May 2017
NIGHTHAWK ENERGY PLC
("Nighthawk" or "the Company")
Reserves Based Loan Covenant Compliance
Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), announces that it has notified Commonwealth Bank of Australia ("CBA") that the Company is not in compliance with the minimum production requirement covenant for the month of April 2017 under the Company's Reserves Based Loan with CBA. CBA have agreed a waiver to this breach.
The Company's gross unaudited monthly production for April 2017 was approximately 36,000 barrels. A full production update will be provided in due course
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 |
Richard Johnson | |
David Coaten |