Nighthawk Energy plc Bank Negotiation (6370K)

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.

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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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(END) Dow Jones Newswires

January 04, 2016 02:00 ET (07:00 GMT)

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