Nighthawk Energy plc Bank Negotiation (9603J)
December 23 2015 - 2:00AM
UK Regulatory
TIDMHAWK
RNS Number : 9603J
Nighthawk Energy plc
23 December 2015
23 December 2015
NIGHTHAWK ENERGY PLC
("Nighthawk" or "the Company")
Bank Negotiation
Nighthawk, a US focused oil company (AIM: HAWK and OTCQX:
NHEGY), announces an extension waiver on its Company's Reserve
Based Loan ("RBL") renegotiation.
Reserves Based Loan Covenant Compliance
As previously announced on December 10, 2015, the Company
received a waiver from the Commonwealth Bank of Australia, the
Company's RBL holder, covering certain non-compliance items. The
waiver initially was until December 22, 2016. As the Company and
the bank are continuing to work together to modify or adjust the
covenants under the RBL to provide for a long term solution that
will allow ongoing compliance, this waiver has been extended up to
December 31, 2015. A further announcement will be made in due
course.
-End -
Enquiries:
Nighthawk Energy plc
Rick McCullough, Executive
Chairman +1 303 407 9600
Kurtis Hooley, Chief
Financial Officer +44 (0) 20 3582 1350
Westhouse Securities
Limited +44 (0) 20 7601 6100
Alastair Stratton
Robert Finlay
This information is provided by RNS
The company news service from the London Stock Exchange
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