HAWK Nighthawk

 

TIDMHAWK 
 
RNS Number : 9394O 
Nighthawk Energy plc 
07 July 2010 
 

                              Nighthawk Energy plc 
                         ("Nighthawk" or the "Company") 
  Report on Continuity of Atoka and Cherokee Shales on the Jolly Ranch Acreage 
The directors of Nighthawk, the US focused hydrocarbon development and 
production company (Tickers: AIM: HAWK and OTCQX: NHEGY), are pleased to 
announce details of a report completed by Schlumberger Data & Consulting 
Services ("Schlumberger") in respect of the continuity of the Atoka and Cherokee 
Shales over certain key areas of the Jolly Ranch project acreage. 
The report was commissioned to confirm independently that the organic rich 
shales in the Atoka and Cherokee are laterally continuous, specifically between 
the Craig 6-4 SWD well and the recently drilled John Craig 7-2 well which are 
approximately 30 miles apart. 
Two north-south cross sections were constructed over the project acreage in the 
Jolly and Craig Ranch areas.  The stratigraphic tops were extended from the 
Jolly Ranch area approximately 30 miles to the north through the location of the 
recently drilled John Craig 7-2 well. 
The report concluded that in both the Atoka and Cherokee formations, the 
individual shales can be readily correlated through the area covered by the 
cross sections.  In addition, it was concluded that the result provides 
confidence that shales are present under most, if not all of Nighthawk's 
acreage. 
Details of the cross sections can be viewed on Nighthawk's website at 
www.nighthawkenergy.com 
This report is independent of an ongoing Updated Evaluation of Hydrocarbons in 
Place and Reservoir Simulation report by Schlumberger, which is expected to be 
completed by Q4 2010. 
Tim Heeley B.Eng (Hons) a member of the Society of Petroleum Engineers, Fellow 
of the Geological Society of London and a Chartered Energy Engineer, who is 
Commercial Director of Nighthawk and has over 13 years of experience in the 
hydrocarbons industry, has approved the technical information contained in this 
announcement. 
Enquiries: 
+------------------------------+-----------------------------------------+ 
| Nighthawk Energy plc         |                                         | 
| David Bramhill, Managing     |                            01271 882160 | 
| Director                     |                            07956 525433 | 
| Tim Heeley, Commercial       |                           020 7887 1453 | 
| Director                     |                                         | 
+------------------------------+-----------------------------------------+ 
|                              |                                         | 
+------------------------------+-----------------------------------------+ 
| Westhouse Securities Limited |                           020 7601 6100 | 
| Tim Feather                  |     tim.feather@westhousesecurities.com | 
| Matthew Johnson              | matthew.johnson@westhousesecurities.com | 
+------------------------------+-----------------------------------------+ 
|                              |                                         | 
+------------------------------+-----------------------------------------+ 
| Matrix Corporate Capital LLP |                           020 3206 7000 | 
| Louis Castro                 |          louis.castro@matrixgroup.co.uk | 
| James Pope                   |            james.pope@matrixgroup.co.uk | 
+------------------------------+-----------------------------------------+ 
|                              |                                         | 
+------------------------------+-----------------------------------------+ 
| Bishopsgate Communications   |                           020 7562 3395 | 
| Limited                      |      nick@bishopsgatecommunications.com | 
| Nick Rome                    |                                         | 
+------------------------------+-----------------------------------------+ 
|                              |                                         | 
+------------------------------+-----------------------------------------+ 
| Financial Dynamics           |                           020 7831 3113 | 
| Ben Brewerton                |                    ben.brewerton@fd.com | 
| Ed Westropp                  |                 edward.westropp@fd.com  | 
|                              |                                         | 
+------------------------------+-----------------------------------------+ 
 
Appendix 
Nighthawk holds a 50% interest in the Jolly Ranch project which covers a total 
of 416,000 acres gross (approximately 323,000 acres net).  Running Foxes 
Petroleum Inc. ("Running Foxes"), the operator, holds the remaining 50% 
interest. 
The Jolly Ranch project is located in Lincoln, Elbert, Washington, Crowley and 
Kiowa Counties in the southeast part of the Denver Basin and hosts both 
conventional and non-conventional oil producing horizons targeting primarily 
Pennsylvanian age formations, namely the Marmaton (conventional) and the Atoka 
and Cherokee shales (non-conventional). 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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