30th May 2013 07:30
30 May 2013
NIGHTHAWK ENERGY PLC
("Nighthawk" or "the Company")
Production Update
Big Sky 4-11 well commences Production
Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), announces an update on production from its 100% controlled and operated Smoky Hill and Jolly Ranch projects in the Denver-Julesburg Basin, Colorado.
Highlights
·; The Big Sky 4-11 well, located on the Arikaree Creek oil-field, commenced production on 24 May 2013
·; Initial production rates since coming on-stream are ahead of the Company's expectations and have been in the range of 300-400 barrels of oil/day ("bbls/d") with no water production
·; Production from the Steamboat Hansen 8-10 well, also located on the Arikaree Creek oil-field, continues at a steady rate of 280-300 bbls/d with no water production
·; Additional producing wells located on the Jolly Ranch project are currently contributing a further 80-100 bbls/d in total
·; Further increases in production are anticipated from the current drilling and work-over programs
Chuck Wilson, Chief Operating Officer of Nighthawk, who has over 32 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 Ian Napier | 020 7601 6100 | |
Investec Bank plc Neil Elliot Chris Sim
| 020 7597 4000
| |
FTI Consulting Ben Brewerton Ed Westropp
| 020 7831 3113 | |
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