New US$100 million Debt Facility

21 August 2014

NIGHTHAWK ENERGY PLC

("Nighthawk" or "the Company")

New US$100 million Debt Facility 

Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), announces that it has secured a credit commitment from the Commonwealth Bank of Australia for a new US$100 million Reserve Based Loan ("RBL").

The RBL has a maturity of four years and an initial borrowing base and availability of US$35m. Nighthawk expects the addition of future reserves and production growth to add to the availability of the RBL.

Interest rates will be at a competitive premium to US Libor rates and will enable the Company to substantially reduce its borrowing costs.

A further announcement will be made on completion and drawdown, which is subject to customary documentation and certain conditions precedent.

Stephen Gutteridge, Chairman of Nighthawk, commented:

"We are pleased to have secured this commitment from Commonwealth Bank of Australia and we look forward to working with the oil and gas team in Houston to continue to grow Nighthawk's business in the future. We shall utilize the initial drawdown to fund repayments of existing high coupon debt and to press ahead with our drilling and development plans."

- Ends-

Enquiries: