HAWK Nighthawk

RNS Number:0450M
Nighthawk Energy plc
18 January 2008

                              NIGHTHAWK ENERGY PLC



                             PLACING OF �14 MILLION



The directors of Nighthawk Energy plc ("Nighthawk" or "the Company") (AIM:
HAWK), the US-focused hydrocarbon production and development company, are
pleased to announce that the Company has raised �14 million (before expenses)
through an institutional placing of new ordinary shares at a price of 46p per
share (the "Placing") by its broker, Hanson Westhouse Limited.



The Placing has been undertaken principally to provide additional funding for
the extended development of the Jolly Ranch project in Lincoln County, Colorado,
in which Nighthawk holds a 50 per cent. working interest.  Running Foxes
Petroleum Inc. ("Running Foxes") is the operator and also holds a 50 per cent.
working interest.



From an initial land base of 40,000 acres at Jolly Ranch, the project has grown
through land acquisition to approximately 140,000 acres.  As reported in
November 2007, Nighthawk and Running Foxes have undertaken a 3-D seismic
programme covering 21 square miles over key areas of the project acreage.
Through the ongoing interpretation of the seismic data and other technical
studies, numerous potentially high impact targets have been identified and a
significantly expanded drilling programme is now planned.



Locations for the first four high priority wells, termed the Four Kings, namely
Elizabeth, Henri, Phillip and Sixtus, have been selected.  The wells will test
multiple stacked targets.  Well permit applications have been submitted to the
State of Colorado and approvals are expected in the near future.  Elizabeth will
be the first well spudded.



A total of 30,434,783 new ordinary shares of 0.25p each (the "Placing Shares")
will be issued pursuant to the Placing.  The Placing Shares are being issued
under the existing authorities granted to the directors.  The Placing is
conditional on admission of the Placing Shares to trading on AIM occurring by
8.00 a.m. on 22 January 2008 (or such time and/or date as the Company and Hanson
Westhouse Limited may agree but in any event not later than 5.30 p.m. on 4
February 2008).



Following the Placing, there will be 203,079,337 ordinary shares of 0.25p each
in issue.



David Bramhill, Managing Director, commented:



"We are delighted to have received such a positive response from both existing
and new institutional investors.  Nighthawk now has the financial resources in
place to cover comfortably the extended development of Jolly Ranch which has the
potential to transform the Company into a mid-tier hydrocarbon company in a
relatively short timeframe.  In addition, the development of our other projects
is proceeding in accordance with our plans."





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
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