Nighthawk Energy plc Production update (6826I)

TIDMHAWK

RNS Number : 6826I

Nighthawk Energy plc

23 March 2018

NIGHTHAWK ENERGY PLC

("Nighthawk" or "the Company")

Company Update

Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), announces an update to production for the month ended 31 January 2018.

Production Update

Gross and net* production, in barrels, for the 3 months ended 31 January 2018 is summarised below.

 
                          Monthly                      Daily Average 
            ----------------------------------  --------------------------- 
                  Gross              Net            Gross           Net 
              2017     2016     2017     2016    2017   2016    2017   2016 
            -------  -------  -------  -------  -----  ------  -----  ----- 
 November    27,159   33,317   21,358   26,990   905    1,111   712    900 
 December    29,366   35,985   23,257   28,885   947    1,161   750    932 
----------  -------  -------  -------  -------  -----  ------  -----  ----- 
 
              2018     2017     2018     2017    2018   2017    2018   2017 
 January     27,975   43,599   22,356   30,543   902    1,406   721    985

*Net production is based upon Nighthawk's Net Revenue Interest of approximately 82% save for the Monarch 10-15 well where HAWK has a 16% working interest.

During the period from November 2017 to January 2018 several wells required non-routine workovers to be performed, which partially affected production. These workovers have now been completed.

Enquiries:

 
 Nighthawk Energy plc 
 Rick McCullough, Chairman         +1 303 407 9600 
 Chris Kohler, Interim 
  Chief Financial Officer     +44 (0) 20 3582 1350 
 
 Stockdale Securities 
  Limited                     +44 (0) 20 7601 6100 
 Richard Johnson 
 Ed Thomas

Chuck Wilson, Chief Operating Officer of Nighthawk, who has over 34 years of experience in the oil and gas industry and meets the criteria of qualified persons under the AIM guidance note for mining and oil and gas companies, has reviewed and approved the technical information contained in this announcement.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU 596/2014).

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 23, 2018 03:00 ET (07:00 GMT)

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