Commodity Hedging Update

4 December 2014

NIGHTHAWK ENERGY PLC

("Nighthawk" or "the Company")

 Commodity Hedging Update

Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), with its 100% controlled and operated Smoky Hill and Jolly Ranch projects in the Denver-Julesburg Basin, Colorado, announces details of its current crude oil hedges.

Highlights

· Nighthawk has recently instituted a new commodity hedging program. The use of financial derivatives, which is common in the US energy markets, will allow Nighthawk to provide more certainty around its future drilling programs and cash liquidity

· A total of 364,940 barrels are currently hedged via NYMEX- WTI crude oil swaps over the period December 2014 to November 2017 inclusive, at an average NYMEX-WTI price of $74.70 per barrel. Within this total amount, 291,360 barrels are hedged in calendar 2015 at an average NYMEX-WTI price of $74.55 per barrel, which is equivalent to approximately 50% of the Company's expected total oil sales on a net basis for calendar 2014

(Nighthawk has an average Net Revenue Interest* of approximately 81.5% in the gross oil production)

Rick McCullough, Chairman of Nighthawk, commented:

"As previously announced, the establishing of commodity hedging program is an important achievement that will benefit the Company and shareholders. We have now hedged through calendar 2015 a significant proportion of our expected net oil sales at NYMEX-WTI price levels very significantly above our project breakeven price level.

"Going forward we will closely monitor Nighthawk's expected production volumes, liquidity requirements and the NYMEX-WTI price and may layer in more hedges as appropriate."

- Ends-

Definitions and Glossary

*Net revenue interest (NRI) - Nighthawk's share of oil, gas, and associated hydrocarbons produced, saved, and marketed, after satisfaction of all royalties, overriding royalties, or other similar burdens on or measured by production of oil, gas, and associated hydrocarbons.

Swap - a commodity price swap is used to hedge exposure to changes in a commodity price. By selling oil price swaps at a specific price, a producer of oil can fix the price it receives, and therefore its future income and cash flows, over the period and volume of the swap contract.

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