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Market: AIM
Sector: Oil & Gas Exploration & Production
Epic: HAWK
News: Latest news
Web Site: Nighthawk Energy
Other Articles: 23-02-201018-02-201015-02-2010

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Saturday March 13, 09:47Premium risk at Prudential

Insurance giant Prudential has stolen the headlines this week, after their decision to buy AIA, the Asian life business of US insurer AIG, has attracted a mixed response from shareholders.

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Sunday March 14, 05:46China's growth boosting commodity prices

With chunky economic numbers from China boosting commodity prices we take a brief look at the country's position in different market places - while noting also that hopes for a recovery in global trade appear to be borne out by freight rates.

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Friday March 12, 08:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

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Nighthawk Energy

Nighthawk Energy

AIM quoted Nighthawk Energy plc 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. Nighthawk holds substantial equity in seven projects across the US mid-continent, all of which are operated by Running Foxes Petroleum Inc., Nighthawk's partner and holder of the remaining interest in each project. Of Nighthawk'sseven projects, six are either in production or at the development stage and we expect all of Nighthawk's projects to make material contribution to the value of the Company in the future.

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Tuesday, June 30, 2009

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

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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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