28th Jun 2016 13:43
LONDON (Alliance News) - Nighthawk Energy PLC Tuesday said its production continued to "remain strong" in the first five months of 2016.
The US oil and production company attributed this strong performance to continued enhanced recovery projects and better-than-expected recoveries in its Arikaree Creek field.
In May, it saw net production of 33,093 barrels, compared to 48,710 barrels a year previously.
Nighthawk said it continues discussions on its new banking arrangements and expects to make a further announcement shortly.
Shares in Nighthawk were up 0.7% at 0.755 pence Tuesday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Nighthawk Energy