Nighthawk Energy plc Bank Negotiation (6370K)
January 04 2016 - 2:00AM
UK Regulatory
TIDMHAWK
RNS Number : 6370K
Nighthawk Energy plc
04 January 2016
4 January 2016
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 23, 2015, the Company
received a waiver from the Commonwealth Bank of Australia, the
Company's RBL provider, covering certain non-compliance items. The
waiver initially was up to December 31, 2015. 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
January 9, 2016. 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
END
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