TIDMHAWK
RNS Number : 1411V
Nighthawk Energy plc
26 January 2017
The following correction has been made to the Production Update
announcement released at 7.00 a.m. on 24 January 2017 under RNS
9027U. The 2016 YTD Daily Averages should have been calculated as
1,317 (gross) and 1,075 (net), and not 1,439 and 1,174
respectively, as previously stated. All other data, including total
production figures, remain unchanged. The full text of the
corrected announcement is shown below:
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 current and
annual production levels.
Production Update
Gross and net* production, in barrels, for the twelve months of
2016 is summarised below.
Monthly Daily Average
-------------------------------------- ------------------------------
Gross Net Gross Net
2016 2015 2016 2015 2016 2015 2016 2015
-------- -------- -------- -------- ------ ------ ------ ------
January 43,961 63,606 36,017 52,183 1,417 2,052 1,162 1,683
February 40,378 55,976 33,053 45,843 1,407 1,999 1,153 1,637
March 42,720 59,382 34,942 48,688 1,314 1,915 1,078 1,570
April 40,704 59,919 33,319 49,136 1,357 1,997 1,113 1,638
May 40,780 59,406 33,410 48,710 1,302 1,916 1,068 1,571
June 40,248 54,556 32,916 44,646 1,356 1,815 1,112 1,488
July 43,045 56,116 35,162 46,018 1,382 1,810 1,133 1,484
August 42,759 53,863 34,885 44,171 1,379 1,738 1,125 1,425
September 38,551 48,982 31,459 40,161 1,285 1,633 1,049 1,339
October 39,671 49,724 32,246 40,769 1,280 1,604 1,040 1,315
November 33,317 46,581 26,990 38,108 1,111 1,553 900 1,270
December 35,985 46,068 28,885 37,727 1,161 1,486 932 1,217
YTD 482,119 654,179 393,284 536,160 1,317 1,953 1,075 1,600
======== ======== ======== ======== ====== ====== ====== ======
During November 2016, certain wells were not in production as
they were being worked over in conjunction with the Arikaree Creek
Pilot water flood project. As shown in the table above, production
had resumed on those wells in the second half of December.
*Net production is based upon Nighthawk's Net Revenue Interest
of approximately 82%
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, Executive
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
David Coaten
This information is provided by RNS
The company news service from the London Stock Exchange
END
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