17th Jan 2014 07:00
17 January 2014
NIGHTHAWK ENERGY PLC
("Nighthawk" or "the Company")
Drilling Update
Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), announces an update on drilling at its 100% controlled and operated Smoky Hill and Jolly Ranch projects in the Denver-Julesburg Basin, Colorado.
Jackson Hole 1-32 Exploration Well
Drilling operations at the Jackson Hole 1-32 exploration well have been completed. The well has been cored and logged, providing extensive new information on both the Pennsylvanian and Mississippian formations. Analysis of this information will take time and with no further operations currently planned at this location, Nighthawk has filed documentation with the Colorado State authorities to plug and abandon the well.
Arikaree Creek
The drilling rig is now back on location at the Arikaree Creek oilfield and will drill in quick succession the Big Sky 13-11 and Big Sky 5-11 wells. These are located due south and due north respectively of the recent successful Big Sky 12-11 well.
Stephen Gutteridge, Chairman of Nighthawk, commented:
"The Jackson Hole 1-32 was our first exploration well for some time and will provide valuable information on this part of our acreage. It will take some time to fully analyse the data and we should not at this stage rule out revisiting this area at a future date."
Chuck Wilson, Chief Operating Officer of Nighthawk, who has over 33 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.
- Ends-
Enquiries:
Nighthawk Energy plc Stephen Gutteridge, Chairman Richard Swindells, Chief Financial Officer
|
020 3582 1350
| |
Westhouse Securities Limited Richard Baty Henry Willcocks | 020 7601 6100 | |
FTI Consulting Ben Brewerton Ed Westropp
| 020 7831 3113 | |
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