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Media Speculation

21st May 2014 15:29

RNS Number : 7322H
Nighthawk Energy plc
21 May 2014
 



 

21 May 2014

NIGHTHAWK ENERGY PLC

("Nighthawk" or "the Company")

 

Media Speculation

 

Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), has noted the article that has today appeared on certain web sites regarding a lawsuit brought by Running Foxes Petroleum, Inc against a subsidiary of the Company, in a Colorado state court in the United States.

 

Nighthawk provides the following statement:

 

"Nighthawk's legal advice is that the case is completely without merit and the Company will be filing for dismissal. The facts and governing law do not give rise to any valid legal claim by Running Foxes Petroleum Inc, against Nighthawk, or otherwise raise a business issue that needs to be resolved between the companies. The allegations contained in the complaint are baseless, and the complaint is a frivolous, groundless and vexatious action. Nighthawk will vigorously defend against the complaint and seek all available legal remedies."

 

The Board of Nighthawk also regard the claim as financially immaterial relative to Nighthawk's current production, revenue and profitability.

 

 

 

- 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

[email protected]

[email protected]

FTI Consulting

Ben Brewerton

Ed Westropp

 

 

020 7831 3113

[email protected]

[email protected]

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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