Devon Oilfield Update

26 Feb 2008 07:00

Nighthawk Energy plc26 February 2008 Nighthawk Energy plc Devon Oilfield Update The directors of Nighthawk Energy plc ("Nighthawk" or "the Company") (AIM:HAWK), the US focused hydrocarbon production and development company, arepleased to announce that the State of Kansas has given approval for theinjection of fluids in the initial four injector wells at the Devon OilfieldWaterflood project in Bourbon County, Kansas. Nighthawk holds an 80 per cent.interest in the project and the operator, Running Foxes Petroleum Inc. ("RunningFoxes") a 20 per cent. interest. The permits issued grant the operator, Running Foxes, the authority to inject upto a total of 1,200 barrels of fluids per day into the Bartlesville Formation atdepths of between 350-500 feet for the purpose of enhanced recovery of oil onthe Devon project. The Devon Oilfield covers an area of 1,764 acres and 33 successful appraisalwells have been currently logged and cased as future producers. As previouslyannounced, the oil in place is estimated to be in excess of 10 million barrels. A central production well and four injection wells have been drilled and casedin a four-spot pattern within the project area. In addition, oil storage tanks,flow lines and other surface facilities are in place. Injection and testproduction are expected to commence within 30 days. Enquiries: Nighthawk Energy plc 01271 882160 David Bramhill, Managing Director www.nighthawkenergy.net office@nighthawkenergy.net Hanson Westhouse Limited 0113 246 2610 Tim Feather tim.feather@hansonwesthouse.com Matthew Johnson matthew.johnson@hansonwesthouse.com Bishopsgate Communications Limited 020 7562 3350 Dominic Barretto dominic@bishopsgatecommunications.com This information is provided by RNS The company news service from the London Stock Exchange