Nighthawk Energy plc Operational Update (9987G)
November 26 2015 - 2:01AM
UK Regulatory
TIDMHAWK
RNS Number : 9987G
Nighthawk Energy plc
26 November 2015
26, November 2015
NIGHTHAWK ENERGY PLC
("Nighthawk" or "the Company")
Operational Update
Nighthawk, the US focused oil development and production company
(AIM: HAWK and OTCQX: NHEGY), announces an update to the Company's
current drilling of the Northstar 1-14 well.
Drilling Update
The Northstar 1-14 well was spudded on 12 November, 2015 and was
drilled to a total depth of 8,900 feet. The well was drilled on an
independent structure within the Monarch Joint Development Area.
The Spergen formation was present in the Mississippian section of
the well and had no oil shows. Open hole logs were run to evaluate
the potential of the shows in uphole zones and it was determined
that there were no zones in the well that would warrant the running
of production casing and initiating a completion. Accordingly, the
well is being plugged and abandoned.
This fulfills our drilling commitments for the Monarch Joint
Development Area and there is no further drilling planned for
2015.
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.
Enquiries:
Nighthawk Energy plc
Rick McCullough, Chairman +1 303 407 9600
Kurtis Hooley, Chief
Financial Officer +44 (0) 20 3582 1350
Westhouse Securities
Limited +44 (0) 20 7601 6100
Alastair Stratton
Robert Finlay
This information is provided by RNS
The company news service from the London Stock Exchange
END
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