Jolly Ranch Update

7 May 2008 07:00

Nighthawk Energy plc07 May 2008 Nighthawk Energy plc Jolly Ranch Update The directors of Nighthawk Energy plc ("Nighthawk" or the "Company") are pleasedto provide an update on the Jolly Ranch project, located in Lincoln County,Colorado. Nighthawk holds 50 per cent. interests in both the Jolly Ranch and the adjacentMiddle Mist project, which has geological similarities to Jolly Ranch. Thecombined acreage of the two projects is approximately 185,000 acres. Theoperator, Running Foxes Petroleum Inc., holds the remaining 50 per cent.interest in each project. On 30 April 2008, the Company announced that the first well of the drillingprogramme, Jolly Ranch 16-1, testing multiple objectives, had encounteredhydrocarbons during drilling and casing had been set to test the well. The second well of the programme, also testing multiple objectives, Jolly Ranch2-1, has been drilled to target depth. Hydrocarbons were encountered duringdrilling and casing will be set to test this well. The drilling rig will move immediately to the Craig Ranch 8-1 drill site, thenext well to be drilled in the multi-well programme. David Racher B.Sc (Hons) Geology, who is a consultant to Nighthawk and has over37 years of experience in the hydrocarbons industry and previously managed theLasmo plc onshore US portfolio in Kansas, Louisiana, South Dakota, Texas andWyoming, has approved the technical information contained in this announcement. 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