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Additional Information
Market: AIM
Sector: Oil & Gas Exploration & Production
EPIC: HAWK
Latest Price: 2.75  (0,00%)
52-week High: 10.07
52-week Low: 2.46
Market Cap: 20.60M
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Nighthawk Energy
www.nighthawkenergy.net

AIM quoted Nighthawk Energy plc (AIM:HAWK) is a dynamic UK registered energy company with a focus on the development of, and production from, hydrocarbon projects in the USA, a country with low political risk and a major shortfall in domestic oil and gas production.

Full Nighthawk Energy profile here
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Nighthawk Energy sells 50 pct stake in Centurion project for US$5 mln

30th Jun 2009, 12:06 pm
Nighthawk Energy sells 50 pct stake in Centurion project for US$5 mln

Nighthawk Energy PLC (AIM: HAWK) said it sold its 50 percent interest in the Centurion project to Osceola Hydrocarbons Ltd for US$5 million in cash and will receive an annual royalty equal to 5 percent of the gross oil and gas revenues from the Centurion project received by Osceola.

Running Foxes Petroleum Inc is the operator of Centurion and holds the remaining 50 percent.

The Centurion project is located in Sumner County, Kansas, and covers approximately 15,000 acres.

Development at Centurion has been relatively restrained due to Nighthawk's focus being directed at Jolly Ranch and the Waterflood projects.

Nighthawk managing director David Bramhill said: “We are pleased to have executed the sale of our interest in Centurion, a non-core project. As the evaluation and development of Jolly Ranch and the Waterflood projects continue, we are confident that these core projects will enable the company to achieve the internal goals that have been set in terms of reserves and production potential.”

“Independent reviews in respect of Jolly Ranch and the Waterflood projects are ongoing and will be completed during Q3 2009,” he added.

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