Proactiveinvestors United Kingdom Nighthawk Energy articles

Nighthawk Energy soars as Jolly Ranch work-over provides ‘pleasing’ results

Fri, 27 Apr 2012 09:52:00 +0100

Nighthawk shares soared as it said it was pleased with early results from the Jolly Ranch work-over programme. Two work-over rigs have been in operation at the Jolly Ranch property for the past month and eleven wells have been reworked.

Nighthawk Energy: Westhouse says today’s update reveals first stage in Jolly Ranch revival

Thu, 09 Feb 2012 15:26:00 +0000

The broker says the work-over programme could demonstrate that the previous operator, Running Foxes Petroleum, had not optimised the completion of the production wells.

Nighthawk Energy’s corporate moves should revitalise investor interest, says broker

Wed, 25 Jan 2012 11:54:00 +0000

Nighthawk is now in control of Jolly Ranch with a 75 per cent stake. And Westhouse Securities reckons the firm will be able to get more value out of the project using its own reservoir exploitation strategy and its own operations team.

Nighthawk Energy able to harness institutional support with cash call, says Westhouse

Tue, 17 Jan 2012 14:32:00 +0000

Nighthawk Energy’s £2.75 million share placing confirms the company can “harness institutional support” to take its Jolly Ranch shale oil project in Colorado to the next stage of development, according to City firm Westhouse Securities

Nighthawk Energy receives strong support for £2.75 million cash call

Tue, 17 Jan 2012 07:27:00 +0000

Nighthawk Energy said this morning it received strong support for a cash call that will bankroll ambitious plans in Colorado. It has placed 155.7 million shares with institutions at 2.5 pence each raising almost £2.9 million gross, or £2.75 million net of expenses.

Nighthawk Energy takes control of Jolly Ranch in US$12.5 million deal

Wed, 28 Dec 2011 07:51:00 +0000

Nighthawk Energy plans to acquire a further 25 per cent of the Jolly Ranch project from partner Running Foxes for US$12.5 million.

UPDATE: Nighthawk quarterly output down; 12 wells now on test production

Wed, 18 May 2011 11:46:00 +0100

Nighthawk Energy this morning unveiled a fall in quarterly production as it continued to concentrate on its completion and recompletion programme.

Nighthawk quarterly output down; 12 wells now on test production

Wed, 18 May 2011 07:38:00 +0100

Nighthawk Energy this morning unveiled a fall in quarterly production as it continued to concentrate on its completion and recompletion programme.

Upbeat Heeley says Nighthawk will be on an "exceptionally sound footing" in 12 months

Wed, 11 May 2011 12:00:00 +0100

The Nighthawk Energy share price suggests a company in extreme distress. Yet nothing could be further from the truth, according to Tim Heeley. Here we give the chief executives assessment of the challenges facing the company - and also the opportunities open to it. There's also some City analysis of the Gaffney, Cline reserves report.

Nighthawk boosted by Schlumberger simulation results

Mon, 24 Jan 2011 12:06:00 +0000

Nighthawk Energy today unveiled the results of the Eclipse reservoir simulation on the company’s Jolly Ranch Project in Colorado. The long-awaited update, produced by Schlumberger, suggested oil in place in the Cherokee and Atoka shale formations is some 14 times higher than previous estimates.

Nighthawk's Jolly Ranch plans get the thumbs-up as shares rise 8pct

Thu, 06 Jan 2011 11:32:00 +0000

Shares in Nighthawk Energy rose more than 8 percent in morning trade as the oil exploration group gave a more detailed insight of its plans for the Jolly Ranch project in Colorado. In all it will focus on six completions and re-completions following a review by chief executive Tim Heeley and his team.

Nighthawk's Heeley remains upbeat on the prospects for Jolly Ranch

Mon, 06 Dec 2010 12:02:00 +0000

On Friday Tim Heeley went out and bought shares in the company he runs, underlining his faith in the business. Here we get his take on the strategy review unveiled a week ago and specifically the decision to exit the Revere Project.

Analyst stays positive on Nighthawk Energy after strategic review

Mon, 29 Nov 2010 13:45:00 +0000

The stock took a haircut on AIM this morning after a strategic review called for disposal of non-core assets. However Westhouse Analyst David Hart’s revised valuation still sees significant upside from here, as Nighthawk focuses entirely on developing the huge potential held within the Jolly Ranch oil shale project.

Nighthawk initiates spending review to focus financial resources on Jolly Ranch

Wed, 20 Oct 2010 08:23:00 +0100

New boss Tim Heeley is following the lead set by Chancellor George Osborne today by initiating his very own spending review. Hhe wants to ensure the firm’s financial resources are effectively targeted at commercialising its Jolly Ranch shale-oil project in Colorado.

Nighthawk shares rise after it secures £25 million funding package

Thu, 14 Oct 2010 15:21:00 +0100

Nighthawk Energy shares advanced 8 per cent this morning after the company announced it had secured a £25 million funding package and set a deadline for farm-in bids for its oil project in Colorado.

Nighthawk Energy's New Boss Says Bramhill Departure Amicable

Wed, 29 Sep 2010 15:16:00 +0100

Tim Heeley took time out briefly to speak to Proactive Investors about the surprise departure of founder David Bramhill and about the company's move to the next stage in its development.

Westhouse sees more upside in Nighthawk’s Xenia oil and gas project after independent evaluation

Wed, 11 Aug 2010 11:05:00 +0100

Westhouse Securities positively responded to a recent statement from North America focused explorer Nighthawk Energy (LON:HAWK, OTC:NHEGY), in which it announced the results of a full and independent gas reserve report of the Xenia project, a part of the largest Revere project in Kansas, by Oilfield Production Consultants Limited (OPC).

The acreage of Nighthawk’s 50% owned Xenia project has increased to more than 15,000 acres, while the gas reserve evaluation by OPC calculated gross 3P (proved, probable and possible) reserves over 6,000 acres at 15.26 bcf (billion cubic feet), or 4.88 net to Nighthawk. The reserves comprise 1.54 bcf (0.49 bcf net to Nighthawk) in the 1P (proved) category and 4.4 bcf (1.4 bcf net to Nighthawk) in the 2P (proved and probable) category.

The acreage is set to increase by another 3,000 acres with the acquisition of the Green Valley project.

The average production from the Xenia field - operated by Runnng Foxes Petroleum - has been at 600,000 scf (standard cubic feet) of gas per day since October 2009. Eleven additional wells, awaiting completion and hook-up to the Xenia pipeline, are expected to add a further 600,000scf of gas (gross) per day of production.

Westhouse said that the calculation confirmed Xenia’s importance to Revere from a production and reserve prospective.

“Not only is gas production at Xenia expected to double in the near term but the potential to increase reserve quality is outstanding, given the substantial probable and possible reserves...while gross figures should benefit from the additional acreage,” said Westhouse in the note.

The broker said that Xenia’s P50 oil in place figure of “just” 6.85 million barrels over 3,700 acres suggested that the project’s oil potential was now much higher as well. Westhouse expressed confidence that the project’s resource would grow further upon independent evaluation.

Nighthawk's Jolly Ranch is proving very attractive

Tue, 27 Jul 2010 12:22:00 +0100

Managing director David Bramhill gave an upbeat assessment of the size and quality of would-be bidders for a stake in the explorer’s Jolly Ranch shale oil project in Colorado. Seven sizable parties have been short-listed by consultants Macquarie Tristone and will now gain access to the data room

Nighthawk Energy: tapping into shale oil potential in the United States

Wed, 02 Jun 2010 09:35:00 +0100

The results from the wildcat well appear significant, because they give new evidence of the geology in the Jolly Ranch acreage.

Nighthawk Energy pushing ahead with Revere oil and gas project, expects production increase soon

Mon, 05 Oct 2009 04:33:00 +0100

Nighthawk Energy PLC (AIM: HAWK) said recent activity on the Revere oil and gas project has been intense, and production is expected to increase to 250 barrels of oil equivalent per day in the current quarter from 150 at present.