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Production update

28th Nov 2017 08:30

RNS Number : 6998X
Nighthawk Energy plc
28 November 2017
 

 

 

28 November 2017

 

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 levels.

 

Production Update

 

Gross and net* production, in barrels, for the first ten months of 2017 is summarised below.

 

Monthly

Daily Average

Gross

Net

Gross

Net

2017

2016

2017

2016

2017

2016

2017

2016

January

43,599

43,961

30,543

36,017

1,406

1,417

985

1,162

February

36,051

40,378

24,786

33,053

1,288

1,407

885

1,153

March

38,794

42,720

28,381

34,942

1,251

1,314

916

1,078

April

34,374

40,704

25,640

33,319

1,146

1,357

855

1,113

May

35,391

40,780

26,875

33,410

1,142

1,302

867

1,068

June

33,443

40,248

25,925

32,916

1,115

1,356

864

1,112

July

32,710

43,045

25,429

35,162

1,055

1,382

820

1,133

August

32,597

42,759

25,411

34,885

1,052

1,379

820

1,125

September

30,495

38,551

23,875

31,459

1,017

1,285

796

1,049

October

31,381

39,671

24,670

32,246

1,012

1,280

796

1,040

YTD

348,836

412,817

261,534

337,409

1,147

1,353

860

1,106

 

*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.

 

Enquiries:

 

Nighthawk Energy plc

Rick McCullough, Chairman 

+1 303 407 9600

Kurtis Hooley, 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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