Shareholder Communication & Accounting Framework

5 November 2015

NIGHTHAWK ENERGY PLC

("Nighthawk" or "the Company")

Electronic Communication with Shareholders

and

Parent Company accounting framework FRS 101

Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), has today posted two letters to shareholders, the details of which are summarised below.

Electronic Communication with Shareholders

At the Company's Annual General Meeting held on 26 November 2008, shareholders passed a resolution to adopt Articles of Association which allowed the Company to use its website to publish statutory documents and communications to shareholders, such as the Annual Report and Accounts, as its default method of publication.

AGM Notice of Meetings, Annual Report & Accounts etc, are published on the Company website at www.nighthawkenergy.com. Reducing the number of communications sent by post not only results in cost savings to the Company but also reduces the impact that the unnecessary printing and distribution of reports has on the environment.

In addition to passing a resolution to sanction this website publication, company law requires that shareholders are individually asked to consent to this method of publication. The Company previously wrote to shareholders in March 2011 to seek such consents. The purpose of writing to shareholders again is to refresh such consents and, for the reasons explained above, keep to a minimum the quantity of hard copy documents that the Company is required to print and post to shareholders. 

Shareholders consenting to website publication will be notified by post each time that Nighthawk places a statutory communication on this website.

Shareholders who would prefer to receive these notifications via email, are asked to register their email address via the share portal: https://www.capitashareportal.com.

New accounting framework applying from the year ending 31 December 2015

The Company's parent company financial statements contained in the Annual Report and Accounts for the year ended 31 December 2014 ("2014 Annual Report") were prepared in accordance with UK Generally Accepted Accounting Practice (UK GAAP). The 2014 Annual Report was posted to shareholders, where relevant, in June 2015 and is available on the Company's website at http://www.nighthawkenergy.com/investors/reports-results-circulars/.

A new UK GAAP accounting framework introduced by the Financial Reporting Council (FRC) becomes mandatorily effective for the financial statements of UK companies with accounting periods commencing on or after 1 January 2015. Under this new framework, the Company is required to elect to prepare its parent company financial statements on one of the bases permitted by the FRC.

The Company proposes to elect to adopt FRS 101, 'Reduced Disclosure Framework' (FRS 101) for its parent company financial statements for the year ending 31 December 2015.

The Company's election to adopt FRS 101 for its parent company's financial statements does not require shareholder approval. However, as stipulated in FRS 101, the Company is required to notify all shareholders of this election. Any shareholder (or shareholders) holding in aggregate 5 per cent. or more of the total allotted shares in the Company may serve an objection. Objections must be served in writing and delivered to the Company Secretary at Nighthawk Energy plc, 6th Floor, One London Wall, London EC2Y 5EB within 28 days of the date of the letter being sent to shareholders.

This election will apply on an ongoing basis until such time as the Company notifies shareholders of any change to its chosen accounting framework for the parent company financial statements. This election does not affect the group consolidated financial statements.

The full text of both letters sent to shareholders is available on the Company's website at www.nighthawkenergy.com.

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