Jolly Ranch Update
November 12 2007 - 2:02AM
UK Regulatory
RNS Number:4526H
Nighthawk Energy plc
12 November 2007
Nighthawk Energy plc
Acquisition of Further Acreage at Jolly Ranch, Lincoln County, Colorado
The directors of Nighthawk Energy plc ("Nighthawk" or the "Company") (AIM: HAWK)
are pleased to announce the acquisition of significant additional acreage at the
Jolly Ranch project. Nighthawk and its partner Running Foxes Petroleum Inc ("
Running Foxes"), the operator, each hold a 50 per cent. working interest in the
project.
Jolly Ranch is located in Lincoln County, within the Denver Basin in eastern
Colorado where production is drawn from the Mississippian, Pennsylvanian,
Permian and Cretaceous reservoirs.
As announced on 1 November 2007, two 3-D seismic surveys were shot over key
sections of the Jolly Ranch acreage covering 40,000 acres containing two
abandoned oilfields, Bolero and Craig Ranch.
Following further interpretation of the results from these 3-D seismic surveys,
expanded targets with significant upside potential have been identified and
subsequently, a further 44,000 acres has been acquired bringing the current
project area to 84,000 acres. Further expansion is planned within the region by
Running Foxes and Nighthawk.
For further information please contact:
Nighthawk Energy plc 01271 882160
David Bramhill office@nighthawkenergy.net
Managing Director www.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
END
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