The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Reserves Based Loan Covenant Compliance

31 May 2017 09:36

RNS Number : 6819G
Nighthawk Energy plc
31 May 2017
 

31 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 May 2017 under the Company's Reserves Based Loan with CBA.

 

CBA have agreed a waiver to this breach.

 

 

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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCEAPSFDDDXEEF

Related Shares

Back to RNS

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.