Nighthawk Energy - Rebound steht an - 500 Beiträge pro Seite

[KaOzz]

Na, da geht doch bald die Post ab

UPDATE 1-Nighthawk Energy makes gas discovery at Devon oilfield
Thu Feb 19, 2009 8:35am GMT

*Sees increased production at Devon

* Gas find represents new reservoir

* 8 new locations staked at new reservoir

* Shares rise 12 percent

(Adds details, share price)

Feb 19 (Reuters) - U.S.-focused energy company Nighthawk Energy Plc (NGTE.L: Quote, Profile, Research) said on Thursday it made a significant gas discovery at its Devon Oilfield waterflood project in Kansas, sending its shares up 12 percent in morning trade.

The company said the well resulted in a stabilised open flow test of 627 thousand cubic feet of gas per day (MCFGPD) through a one-inch choke.

Nighthawk, which has been in talks for the sale of a minority stake in a Colorado-based project, holds an 80 percent interest in the Devon project that covers 1.764 acres.

The AIM-listed company recently raised 7 million pounds ($9.95 million) through share placements to develop key projects in the U.S., including the Devon Oilfield waterflood project. Nighthawk said the Graham well was hooked up to a local pipeline and natural gas was producing at a choked-off rate of 160 MCFGPD.

The AIM-listed company said eight more locations had been staked and wells will be drilled to find the extend of the new reservoir.

Shares of the hydrocarbon production company were trading up 5.3 percent at 24.75 pence at 0830 GMT on the London Stock Exchange. ($1=.7033 Pound) (Reporting by Austin Lobo in Bangalore; Editing by Kavita Chandran)


Chart:





UK-SYMBOL: HAWK

AIM quoted Nighthawk Energy plc (ticker 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.

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 our seven projects, six are either in production or at the development stage and we expect all of our projects to make material contribution to the value of the Company in the future. Further details on each of the projects are set out in their own pages.

[KaOzz]

RNS Number : 3260R Nighthawk Energy plc 29 April 2009

NIGHTHAWK ENERGY PLC

UPDATE ON SALE OF INTEREST IN JOLLY RANCH PROJECT

The Directors of Nighthawk Energy plc (the "Company") are pleased to announce an update on the sale of an interest in the Jolly Ranch project (the "Sale").

The Sale by Nighthawk Production LLC, a wholly owned subsidiary of the Company, and Running Foxes Petroleum, Inc. will be subject to a Purchase, Sale and Option Agreement, the terms of which have been agreed between all parties.

The Sale will comprise an aggregate 20 per cent. interest in the core Jolly Ranch project which covers 50,000 net acres, and a series of options over a 20 per cent. interest in the remaining 232,000 net acres of the wider Jolly Ranch project, including Middle Mist and Mustang Creek. Nighthawk Production LLC and Running Foxes Petroleum, Inc. will each sell and grant options over a 10 per cent. interest in the project.

Completion of the Sale is scheduled for mid-May 2009 and further details will be announced at that time

[Ramses2I]

Antwort auf Beitrag Nr.: 37.100.886 von KaOzz am 05.05.09 17:48:58

Ist ja auch von ziemlich weit oben gekommen die Nighthawk Energy...da darf es ruhig wieder nordwärts gehen.

[Coxos]

das sind 100 barrel (fass) öläquivalent am tag

6 millionen cf pro tag oder 60 millionen
das wäre was

wer darauf hin den wert kauft
hat nicht alle tassen im schrank

[KaOzz]

Antwort auf Beitrag Nr.: 37.104.331 von Coxos am 06.05.09 06:48:52

Auf was beziehst Du Dich???

[KaOzz]

Managememt sind alles alte Saurier ausm Business

Auf den ersten Blick wirken die Projekte noch in der Anfangsphase, lassen aber viel Fantasie..

Ölpreis zieht wieder an.

Etwas Cash haben sie noch in der Kasse.

Ziemliches Risiko...

[Ramses2I]

Antwort auf Beitrag Nr.: 37.114.377 von KaOzz am 06.05.09 23:49:19

Etwas Cash haben sie noch in der Kasse.

Das soll ja bei anderen kleinen Firmen nicht der Fall sein...

[KaOzz]

Antwort auf Beitrag Nr.: 37.121.432 von Ramses2I am 07.05.09 17:23:49

Häh?

[Ramses2I]

Antwort auf Beitrag Nr.: 37.125.473 von KaOzz am 08.05.09 00:26:30

Sach nur, dass Dir da keine Firmen einfallen!?!

[KaOzz]

Antwort auf Beitrag Nr.: 37.132.463 von Ramses2I am 08.05.09 18:25:12

Was willst Du, hast Du nix zu tun?

[Ramses2I]

Antwort auf Beitrag Nr.: 37.132.589 von KaOzz am 08.05.09 18:35:51

hast Du nix zu tun?

Türlich...muss mich nur vom Rasenmähen ausruhen.

[KaOzz]

Antwort auf Beitrag Nr.: 37.132.612 von Ramses2I am 08.05.09 18:37:31

Für alle Fälle:

http://www.gelbeseiten.de/branchenbuch/wolfenbuettel/psychia…

[Ramses2I]

Antwort auf Beitrag Nr.: 37.135.322 von KaOzz am 09.05.09 01:03:20

Kannst du mir nicht die Nummer von deinem geben?

[KaOzz]

Antwort auf Beitrag Nr.: 37.135.783 von Ramses2I am 09.05.09 10:10:26

ne, is schon überlastet

[KaOzz]

mal schauen, was draus wird:

Nighthawk holds a 50% interest in the Jolly Ranch Group project, comprising Jolly Ranch, Middle Mist and Mustang Creek, located in Lincoln, Elbert and Washington Counties, Colorado. Running Foxes is the operator of the project and holds the remaining percentage interest.

The Jolly Ranch Group project covers an area in excess of 225,000 net acres and lies within the southeast flank of the Denver Basin from where significant hydrocarbons are generated from Pennsylvanian sandstones and carbonates.


The primary target of the initial drilling programme was the regional Marmaton formation which has been present in all of the wells drilled. Secondary targets were the Atoka and Cherokee shales from which BHP, Mull and Anschutz produced
oil within the Denver Basin on a commercial basis during the 1980s and 1990s prior to relinquishing the acreage due to low oil prices.

Seven new vertical wells have been drilled to date by Nighthawk and Running Foxes, each of which has encountered hydrocarbons in multiple formations.

The directors believe that the Jolly Ranch Group project is an emerging shale play covering the entire project area. In addition, there are conventional zones on the acreage, including the Marmaton which is currently producing at the Jolly 2-1 well. This zone has been encountered in all wells to date and is also considered a regional oil target.

To date, of the shale zones only the Lower Atoka shales have been evaluated, delivering results that have greatly exceeded expectations. The Upper Atoka shales and Cherokee formation also contain hydrocarbons and await testing.

The Atoka and Cherokee shales can be compared geologically to the prolific Bakken shales, which the United States Geological Survey (“USGS”) estimated in April 2008 to contain a technically recoverable oil resource of between 3.0 and 4.3 billion barrels. Shale plays such as the Barnett, Marcellus, Fayetteville and Bakken, have become the most active hydrocarbon exploration and development targets onshore US in recent years. Regional studies indicate that the Atoka and Cherokee shales are continuous throughout the whole Jolly Ranch Group project area and can now be considered a new regional shale play.

The current status of the wells drilled is as follows:

Jolly 16-1

The Jolly 16-1 well has been perforated in the Lower Atoka shales from 7,236 to 7,380 feet, acidised, swabbed and is now on production.
The well was initially acidised and flowed back small amounts of oil and gas and acid water. The Lower Atoka Shales were then stimulated with a slickwater frac using 5,000 barrels of KCL water and 50,000 lbs of sand. The well immediately flowed back frac water and significant oil and gas. On a 24 hour test the well flowed 446 barrels of oil and over one million cubic feet of gas. Shut-in pressures during the flowback exceeded 1,000 psi at surface. Fluid levels during swabbing did not fall below 4,000 feet from surface.

Jolly 2-1

The Jolly 2-1 well was completed in the Marmaton reservoir from 6,841 to 6,852 feet. The well is currently producing 25 BOPD and the oil cut is increasing as the well is cleaned up. The oil is sweet, 36 degrees API gravity. A higher capacity pump jack to increase oil production further will be installed. The Marmaton reservoir is present in all the wells drilled by the Company on the project in addition to the previous wells
drilled by other operators.

Craig 8-1

The Craig 8-1 well has been perforated, acidised and fracced in the Lower Atoka shales from 6,736 to 6,850 feet. The well was acidised and small amounts of oil and gas
and acid were swabbed back. The well was stimulated with a slickwater frac of 4,000 barrels of KCL water and 37,000 lbs of sand. The well flowed back frac fluid and increasing amounts of oil and gas. Swabbing of the well indicated equivalent daily rates of over 300 BOPD. Fluid levels during swabbing did not fall below 4,000 feet from surface indicating excellent hydrocarbon inflow. The well is now on production.

Under production test the operator limited production to 80 BOPD to minimise frac sand movement into the well. Following completion of the initial evaluation, a higher capacity pump jack will be installed.

Fracture analysis of speciality logs by Fronterra Geosciences indicates numerous natural fractures in the shales present both in the Craig 8-1 and the Jolly Ranch 2-1 wells, which benefits the productivity of the reservoir. The Craig 8-1 is seven miles to the south east of the Jolly 16-1 indicating a large and continuous reservoir.

Jolly 4-13

The Jolly 4-13 has been drilled and cased to a total depth of 8,307 feet. The well has similar Marmaton, Cherokee and Atoka formations to the Craig 8-1, Jolly 2-1 and Jolly 16-1 wells. The Jolly 4-13 well has been logged through casing for further evaluation. The operator plans to complete the well in the Lower Atoka shales. The Jolly 4-13 is five miles to the north of the Jolly 16-1.

Craig 4-4

The Craig 4-4 has been drilled to the Arbuckle formation and cased to 7,653 feet. The well has similar Marmaton, Cherokee and Atoka formations as the Craig 8-1, Jolly 2-1, and Jolly 16-1 wells. The operator plans to complete the well in the Lower Atoka shales. The well is four miles to the west of the Craig 8-1 and six miles to the south of Jolly 16-1.

Craig 15-32

The Craig 15-32 has reached total depth and the operator plans to complete the well in the Cherokee shales. Production pipe has been run and good oil shows were encountered in the Marmaton, Cherokee and Atoka shales.

Craig 7-34

The well has reached target depth and hydrocarbons have been encountered in several formations.The Jolly Ranch Group project represents a high quality shale play as it is producing primarily oil. The operator plans to drill the wells targeting the shale zones initially on 80 acre spacing, providing over 2,800 locations. Wells targeting the Marmaton formation will be drilled separately on 40 acre spacing.

The three wells drilled by BHP, Mull and Anschutz in the 1980s and early 1990s were acidised only with 500 to 4,000 gallons of HCL. The wells were not stimulated by fraccing and produced an average of 18,000 barrels per well prior to the operators plugging the wells due to low oil prices. These wells only drained
oil from the reservoirs within a few feet of the well bore.

Present fraccing technology which was not available at that time is now applied to all shale plays to maximise production and create conductivity in the reservoir. Typically, stimulation by fraccing increases recoverable reserves from shale reservoirs by three to ten times. Both the Craig 8-1 and Jolly 16-1 wells were acidised in the same way as the previous three wells and made limited amounts of oil and gas. After fraccing, test flow rates exceeded 300 BOPD with excellent reservoir conductivity.

An initial evaluation by consulting engineers, Apex, indicates the frac length to be 200 to 400 feet exposing much more of the reservoir to the wellbore. Based on the initial results from the Craig 8-1 and Jolly 16-1, the operator is expecting to increase the response from the reservoirs significantly.

The Jolly Ranch Group project now has 13 further wells permitted, including four shallower wells to test the Codell formation of the Cretaceous age from 3,000 to 3,500 feet. The operator is in the process of staking a further ten wells in the Middle Mist area and an additional 20 wells at Jolly Ranch.

[KaOzz]

NIGHTHAWK ENERGY PLC

UPDATE ON SALE OF INTEREST IN JOLLY RANCH PROJECT

The Directors of Nighthawk Energy plc (“Nighthawk” or the “Company”) are pleased to announce an update on the sale of an interest in the Jolly Ranch project (the “Sale”).

As announced on 29 April 2009, the Sale by Nighthawk Production LLC, a wholly owned subsidiary of the Company, and Running Foxes Petroleum, Inc. will be subject to a Purchase, Sale and Option Agreement (the “Agreement”), the terms of which have been agreed between all parties.

The parties have agreed that completion and settlement will occur on or before 29 May 2009 and further details will be announced at that time.

[KaOzz]

Antwort auf Beitrag Nr.: 37.104.331 von Coxos am 06.05.09 06:48:52

Django... ich weiß was Du meinst

aber Du schreibst das ziemlich suggestiv

[KaOzz]

SALE OF INTEREST IN JOLLY RANCH GROUP PROJECT

The directors of Nighthawk Energy plc (“Nighthawk” or “the Company”) (AIM: HAWK), the US focused hydrocarbon production and development company, are pleased to announce that on 31 May 2009 Nighthawk Production LLC (“Nighthawk Production”), a wholly-owned US subsidiary of Nighthawk, and Running Foxes Petroleum Inc. (“Running Foxes”), executed a Purchase, Sale and Option Agreement (the “Agreement”) with San Severina Holdings SA, a Swiss based investment company (“San Severina”), in respect of the Jolly Ranch Group Project (“Jolly Ranch”).

The Jolly Ranch project, located in Elbert, Lincoln and Washington Counties, Colorado, US, is a major hydrocarbon production and development venture comprising approximately 370,000 gross acres (282,000 net acres).

San Severina has agreed to acquire a 20 per cent. working interest (10 per cent. from each of Nighthawk Production and Running Foxes) in the core area of Jolly Ranch, covering approximately 50,000 net acres.

In addition, through options over six blocks covering the remaining 232,000 net acres (the “Options”), San Severina has the right to acquire a 20 per cent. interest (10 per cent. from each of Nighthawk Production and Running Foxes), in the remaining areas of Jolly Ranch, including the adjacent Middle Mist and Mustang Creek areas.
The initial purchase consideration to be paid, net to Nighthawk Production, in respect of the purchase of the working interest in the core area of Jolly Ranch and the grant of the Options, is US$10,940,000. Completion of the transaction and settlement of the initial consideration is due by 15 June 2009. Assuming the exercise of all of the Options, the additional consideration, net to Nighthawk Production, will be an aggregate of US$29,040,000, making a total transaction value of US$39,980,000.
On completion of the Sale, Nighthawk Production and Running Foxes will each retain a 40 per cent. interest in the core area of Jolly Ranch and, prior to the exercise of the options, a 50 per cent. interest in the remainder of the project acreage. Running Foxes continues as operator. All drilling and development costs going forward will be met according to each partner’s new equity percentage working interest.
San Severina’s project interest will be managed by Ascent Resources plc (“Ascent”) through their asset management joint venture and 20 per cent. of San Severina’s interest (a 4 per cent. interest in the project) will be assigned to Ascent on completion.
David Bramhill, Managing Director of Nighthawk, commented: “We are delighted to welcome San Severina as our partner in Jolly Ranch. The transaction demonstrates the value being created for Nighthawk shareholders and establishes an attractive initial benchmark value for the project. Together with our new partner, we now intend to accelerate the development of Jolly Ranch, which we believe to be a world class project in the making.”

[Ramses2I]

Da geht es aber heute kräftig in den Keller!

[KaOzz]

Nighthawk Energy plc

Quantification of the Devon Oilfield and Buchanan Group Waterflood
Projects

Well Status at Devon Oilfield and Buchanan Group Projects


The directors of Nighthawk Energy plc (“Nighthawk” or “the Company”) (AIM : HAWK), the US focused hydrocarbon production and development company are pleased to announce the quantification of the Company`s subsurface assets in respect of the Devon Oilfield (“Devon”) and Buchanan Group (”Buchanan”) waterfloods and a well status report on both projects.

Nighthawk holds an 80 and 50 per cent. working interest in the Devon and Buchanan projects respectively. The operator, Running Foxes Petroleum Inc., holds the remaining equity.

The last 18 months has seen ongoing major drilling campaigns being conducted on both projects. Numerous wells have been drilled and in-house evaluations completed. Nighthawk is now in a position to mandate third party expertise to provide an independent review in respect of the Devon and the Buchanan projects as part of the overall strategy to define value within the portfolio.

Oilfield Production Consultants Ltd (“OPC”) has been commissioned by Nighthawk to complete this exercise which will also include the calculation of the oil in place (“OIP”) in the core areas of the projects as well as in the peripheral areas where development is ongoing. OPC are calculating the OIP in the reservoir intervals using both probabilistic and deterministic methods. These exercises include the review and assessment of open hole log analysis, core and production data, reservoir rock petrophysical properties and the determination of reservoir fluid saturations and productivity.

In addition, 3-D Petrel petrophysical models are to be generated. These models will provide information to calculate the OIP, provide 3-D visualisation of the prospective waterflood intervals and assist in the compilation of structure and net isopach maps.
Analysis for the first of these reports covering the Devon project is well advanced and the current preliminary results are considered to be well in line, if not markedly better, than Company expectations. Final results are anticipated before the end of June.

Evaluation for Buchanan, which is a considerably larger project area than Devon, is underway. Results of this study are expected during Q3 2009.



Well Status at Devon Oilfield and Buchanan Group Projects

Devon

The Devon project covers an area of approximately 3,000 acres and is located in Bourbon County, Kansas.
138 wells have been successfully drilled or currently permitted on the project, of which the status is as follows:

Producing 54
Awaiting completion 43
Shut in 7
Injection 16
Permitted 18


Buchanan

The Buchanan project covers approximately 32,000 acres and is located in Vernon and Bates Counties, Missouri.
109 wells have been successfully drilled or are currently permitted on the project, of which the status is as follows:

Producing 39
Awaiting completion 36
Injection 7
Permitted 27



Both Devon and Buchanan projects are at various stages of water injection. Primary oil and natural gas production continues on both projects and product is being sold. Once the impact of this water injection process takes effect the expected production rates range between 5-20 barrels of oil per day per well.

For optimum recovery, wells are orientated in a “five spot” pattern on ten acre spacing at Devon and Buchanan. On this basis there are in excess of 3,500 potential well sites within the current project area.

Pipelines, surface facilities, pump jacks and other production infrastructure continue to be installed at both projects and drilling is ongoing.

Managing Director, David Bramhill, commented “To now be in a position with Devon and Buchanan to be able to obtain independent opinion in respect of our subsurface resources is a major step forward and a further milestone in Nighthawk`s project development plan. Preliminary indications of oil in place at Devon, as calculated by OPC are particularly pleasing and support the pace and magnitude of the development programmes being seen at Devon and the nearby Buchanan project.”

[Ramses2I]

Antwort auf Beitrag Nr.: 37.311.128 von KaOzz am 03.06.09 15:31:13

Und KaOzz,

bei welchem Kurs hättest du die Aktie von Nighthawk Energy denn gerne?

[tommy-hl]

Antwort auf Beitrag Nr.: 37.100.886 von KaOzz am 05.05.09 17:48:58

Hi KaOzz,

Nighthawk hat interessante Projekte. Hast Du Angaben vom Unternehmen, wie die Planung bezüglich der künftigen Produktion aussieht? Zurzeit sind das wohl um die 1.000 boepd, was gemessen an der MK sehr niedrig ist. Weißt Du, wie sich die Tagesproduktion laut Business Plan entwickeln soll?

Gruß
Tommy

[KaOzz]

Hi Tommy!

Bin bei HAWK gerade nicht auf dem aktuellsten Stand und wollte eigentlich mal nbissel Urlaub machen, die Sonne genießen, Frauen treffen... aber das Wetter is mies und überhaupt is das Risiko zu hoch, dass irgendwas aus dem Ruder läuft... Das Leben geht aus irgendeinem Grund auch im Sommerloch weiter



Der Focus liegt auf dem Jolly Ranch/Revere Projekt, das entwickelt und weiter ausgedehnt werden soll. Über zukünftige Produktionsraten kann ich Dich derzeit nicht informieren, wegen der niedrigen Test-Raten aus den letzten Drillings ist mir etwas die Phantasie abhanden gekommen.
Wenn die Entwicklung zügig vorwärts geht, dann sehen wir sicher entsprechend höhere Kurse. Aber wie gesagt, da ist nicht allzuviel spekulatuves Potential da (bin ich der Ansicht), auch wenn die Aussichten sehr gut sind.

Hawk bleibt bei mir erstmal nur auf der Watchlist.


Wenn Du da andere Fakten oder Ansichten hast, dann bin ich bei der Diskussion dabei


Grüße,
Stefan

---------------



Heute gabs ne PR, die ganz aufschlussreich ist:

Friday 24 July 2009

Placing of £22.4 million

Nighthawk (AIM: HAWK), the US focused hydrocarbon production and development company, announces that it has conditionally raised £22.4 million (before expenses) through a placing of new ordinary shares at a price of 35 pence per share (the "Placing") by its broker, Hanson Westhouse Limited (“HansonWesthouse”).


Background to the Placing

On 20 July 2009, the Company announced details of an independent evaluation by Schlumberger Data & Consulting Services, of the hydrocarbons in place at the Jolly and Craig Ranch fields, Lincoln County, Colorado part of the Jolly Ranch project. The P50, or most likely, oil in place (“OIP”) estimate of the 246,000 acres evaluated, using probabilistic methods, is calculated to be 1.462 billion barrels gross. Nighthawk holds a 50% working interest in the project and Running Foxes Petroleum Inc. (“Running Foxes”), the operator, holds the remaining 50%.

In addition, the Company announced, on 15 July 2009, the results of an independent technical review in respect of the Buchanan Group project conducted by Oilfield Production Consultants Limited (“OPC”) and previous to this, a similar report on the Devon project. These two projects, combined with the nearby Xenia Project, now form the Revere project for which the OPC reports determine that the most likely case stock tank oil originally in place (“STOOIP”) is 210.5 million barrels gross which is expected to increase as additional wells are drilled on the offsetting acreage. A report on the Xenia acreage is due to be completed by the end of Q3 2009 by OPC. Nighthawk has a 50% interest in the Buchanan Group project, an 80% interest in the Devon project and a 50% interest in the Xenia project.


Use of Proceeds

The net proceeds of the Placing will enable the Company to undertake a 12 month development programme. The programme will include the drilling of 20 wells, including a number of horizontal wells, and the building of production facilities at Jolly Ranch; the drilling of more than 200 wells and the building of production facilities at the Revere project; with the remainder being used to fund other projects and corporate overheads.


The Placing

The Company, through its broker, HansonWesthouse, has received commitments to subscribe for 64,095,857 new ordinary shares (the “Placing Shares”) at 35p per share, raising £22.4 million (before expenses).

The existing power granted by shareholders to the directors of the Company to allot shares for cash is insufficient to allow the issue of all of the Placing Shares. Therefore, the Placing is conditional on the passing of the necessary resolutions at a General Meeting of the Company which is expected to be held at the offices of Osborne Clarke, One London Wall, London, EC2Y 5EB at 11.00 a.m. on 14 August 2009 and is expected to be completed at 8.00 a.m. on 17 August 2009 on admission of the Placing Shares to trading on AIM. A Notice of General Meeting will be posted to shareholders early next week.


Following the Placing, there will be 329,639,480 ordinary shares of 0.25p each in issue.


David Bramhill, Managing Director of Nighthawk, commented: “The recent independent reports on the potential of the Jolly Ranch project and the Revere project have transformed the scale of the opportunity for Nighthawk; Jolly Ranch in particular could rapidly become a world class asset. The funds secured by this placing will enable us to continue to progress the value of Nighthawk’s portfolio for our shareholders. “We will continue a rapid pace of development to determine optimum production and recovery rates, and continue the de-risking of the Jolly Ranch project. We look forward to updating the market as we progress our core assets with a clear focus on delivering maximum value to our shareholders.”

Tim Heeley B.Eng (Hons) a member of the Society of Petroleum Engineers, Fellow of the Geological Society of London and Chartered Energy Engineer, who is Commercial Director of Nighthawk and has over 12 years of experience in the hydrocarbons industry has approved the technical information contained in this announcement.

[tommy-hl]

Antwort auf Beitrag Nr.: 37.642.520 von KaOzz am 24.07.09 17:22:10

Hi Stefan,

danke für die Information. Ich suche permanent lukrative Anlagemöglichkeiten und bin über die Aussage eines Kursziels von Hanson Westhouse auf Nighthawk Energy gestoßen (siehe unten). Inwieweit diese Kursprognose fundiert ist, kann ich noch nicht beurteilen, da ich bei Nighthawk noch ganz am Anfang stehe.

Gruß
Tommy



20.07.09
Hanson Westhouse sets 268p price target for Nighthawk Energy

Following this mornings announcement from Nighthawk Energy that the Jolly Ranch project could have 1.462 billion barrels of oil in place, house broker Hanson Westhouse, has upped its price target for Nighthawk from 100 pence to 268 pence per share. The share price is currently 46 pence.

Hanson Westhouse reckons that Nighthawk's share of recoverable reserves from the Jolly Ranch, Cisco Springs and Revere projects could "easily top 290 million barrels".

[KaOzz]

Antwort auf Beitrag Nr.: 37.645.866 von tommy-hl am 25.07.09 14:02:41

Ich hab hier auch noch n paar Berichte rumliegen von Brokern und Analysten, aber alle etwas älter (von advfn)

Ist der Bericht irgendwo auf nem Server gespeichert?

---

Bei Hawk ist der Newsflow sehr stark.

Die Auswertung der Bohrungen vom Jolly Ranch Projekt wurde am 20. Juli veröffentlicht:

http://www.nighthawkenergy.net/announce22__2009_07_20_Jolly_…


Da werden die Daten aus Deinem HW-Exzerpt bestätigt.
Die 258 Mio Brl Angabe von gestern, kann man damit sicher als konservative Einstufung des Managements betrachten.

Hanson Westhouse sind auch die Broker für Nighthawk



Ich stell die News jetzt nochmal hier für die Übersicht mit rein:


INDEPENDENT TECHNICAL REVIEW OF THE BUCHANAN GROUP PROJECT
INTEGRATION OF WATERFLOOD PROJECTS INTO REVERE, A SINGLE MAJOR DEVELOPMENT AND PRODUCTION ENTITY

Tuesday 14 July 2009

The directors of Nighthawk Energy plc (“Nighthawk” or “the Company”) (AIM: HAWK), the US focused hydrocarbon production and development company, are pleased to announce the results of an independent technical review of the Buchanan Group project conducted by Oilfield Production Consultants Limited (“OPC”). The report includes a calculation of the stock tank oil originally in place (“STOOIP”) using probabilistic methods, including Monte Carlo, for which the most likely case is 184.26 million barrels (gross).

In addition, the Company announces today details of the integration of the Devon Oilfield, Buchanan and Xenia projects into a single major development to be known as the Revere project.


Independent Technical Review of Buchanan Group Project

Nighthawk has a 50% interest in the Buchanan Group waterflood project, located in Vernon and Bates Counties, Missouri and Linn and Crawford Counties, Kansas covering an area of approximately 33,000 acres. Running Foxes Petroleum Inc. (“Running Foxes”) is the operator and holds the remaining 50% of the project. The Buchanan Group project is located within the Cherokee Basin, a very extensive and prolific shallow oil and gas producing area.

The main study area, where most of the wells have been drilled to date, consists of 1,098 acres. A detailed 3-D geological model was built by OPC on this study area using Schlumberger’s Petrel software, the market leading geological modelling package. Monte Carlo probabilistic calculations were then made using the range of porosity, oil saturation and gross rock volume parameters derived from the 3-D Petrel model.

The oil in place in 28,112 acres within the offset Celtic and Roundtop lease areas, was also calculated. The remainder of the acreage, approximately 3,800 acres, was not included in the OPC review.


Set out below are the key points from the OPC report:

Highlights:

- The most likely (P50) calculation of stock tank oil originally in place over the evaluated project area covering 29,210 acres is 184.26 million barrels of oil

- As additional wells are drilled in the offset acreage the hydrocarbon volumes are expected to rise

- Both oil and gas are currently being produced and sold from the Buchanan Group projects. Calculation of the gas reserves is not included in the OPC review

- Water injection has commenced at the Buchanan Group project, and the effects of the injection will be evident in due course. Wells are drilled in a “five spot” pattern of injectors and producers with a tight well spacing of 10 acres. Once the production response from the water injection is apparent at the production wells, a forecast of field production can be estimated and waterflood reserves assigned to the field. Scoping simulation runs completed by OPC suggest that rates of 5-20 barrels of oil per day are possible from each individual production well

- There are currently 46 production wells, 23 wells awaiting completion, 10 injection wells and 27 permitted wells

- The shallow reservoir depth of less than 500 feet results in very low drilling cost per well (less than US$50,000). Thus, a large number of wells are being drilled to thoroughly define the geology of the field and efficiently drain the reservoir. The shallow depth and low reservoir pressure also allows for the use of inexpensive and simple surface facilities. No expensive high pressure equipment or pipelines are required

- The reservoir pressure is low (less than 200 psia) and the oil contains very little solution gas. Thus, there is little natural energy to help produce the oil from the reservoir. In this type of low pressure reservoir, water injection is commonly used to displace oil to the production wells. This is a simple, straightforward process which has been applied successfully for decades on similar fields in the US and elsewhere in the world. Typical recovery factors in this type of waterflood project would be expected to range between 15-25% with careful design and implementation of the waterflood

- Significant infrastructure is already in place at the Buchanan Group project. A water injection plant has been installed, fluid storage sites constructed and surface flowlines put in place to transport the produced oil and gas

- There is also significant potential for gas production at the Buchanan Group project


STOOIP Range for Evaluated Area (29,210 acres)





Study Background

The Buchanan Group project is located on both the Missouri and Kansas sides of the prolific Cherokee Basin, known for shallow oil saturated sandstones. Production is from Pennsylvanian, Mississippian, and Ordovician reservoirs from less than 4,000 feet.

The oldest strata are the Cambrian sandstones and carbonates that lie directly on the Pre-Cambrian rocks. Overlying the Cambrian sediments is the Arbuckle Group of Ordovician age which consists of interbedded dolomites and limestones with minor shales.
Overlying the Arbuckle Group are the Mississippi limestones whichcan be a significant hydrocarbon producer. The Cherokee Group of Pennsylvanian age overlies the Mississippian strata and is composed of predominantly shales and sandstones with minor limestones and coals. The Cherokee Group also represents a deltaic sequence that extends across all of the Cherokee Basin. There are several sandstones that are found within the
group, however the Bartlesville Sandstone reservoir has produced the majority of hydrocarbons in the basin.


Integration of Devon, Buchanan and Xenia into a Single Major Development Project

During the past two years Nighthawk and Running Foxes have seen excellent drilling and development success at their waterflood projects, namely the Devon Oilfield (“Devon”), Buchanan Group (“Buchanan”) and Xenia, which together cover approximately 40,000 acres. Each of these projects is located around the Kansas/Missouri State border.

The amount of development work undertaken and completed has substantially derisked a major portion of the developed project areas.

The OPC independent reports on Devon and Buchanan result in an aggregate most likely STOOIP of 210.51 million barrels (gross).
OPC are currently conducting a review of the Xenia acreage, the results of which are expected to add significantly to the Devon and Buchanan STOOIP figures. Oil is currently being sold from Xenia and gas production is expected to commence from this project area during Q4 2009.

There are currently 111 production wells, 81 wells cased for production or awaiting completion and 31 water injection wells in place on the combined project areas. In addition, a further 71 wells are currently permitted and will be drilled on an ongoing basis at an approximate rate of two wells per week.

Development of all three areas is progressing and primary oil production is occurring, which is an excellent precursor ahead of the impact of the water injection process.

An additional positive is the growing gas potential of the projects where gas distribution lines have been connected to a third party tap at Devon and Buchanan and gas is being sold. An extensive gathering system is planned to be constructed by Nighthawk and Running Foxes and will be designed to accommodate the increased gas production from further wells at Devon, Buchanan and Xenia.

Following the excellent independent review and STOOIP calculations from OPC in respect of Nighthawk’s ongoing waterflood operations, a decision has been made to integrate the Devon, Buchanan and Xenia projects into a single major development and production entity to be known as the Revere project. Nighthawk’s interest in the project areas will remain at 80%, 50%, and 50% for Devon, Buchanan and Xenia respectively.

Tim Heeley B.Eng (Hons) a member of the Society of Petroleum Engineers, Fellow of the Geological Society of London and Chartered Energy Engineer, who is Commercial Director of Nighthawk and has over 12 years of experience in the hydrocarbons industry has approved the technical information contained in this announcement.


APPENDIX I

Oilfield Productions Consultants Ltd
OPC is a consultancy founded in 1987 to provide professional services to the energy industry world wide. Its clients are both large and small operators, non-operators and large service companies. OPC works with its clients for the long term, retaining the knowledge gained on each project so that it can be utilised for a more efficient working relationship.
OPC has offices in London, Houston, Aberdeen and Qatar, with consultants working in offices of clients and on rigs and installations in the UK and various overseas locations. OPC maintains ISO 9001-2000 Certification, guaranteeing a quality product. OPC is registered with the UK supplier database First Point Assessment Limited (supplier number 10043049) with a higher than average capability profile.
OPC’s services range from well-testing supervision and analysis, through subsurface studies, field modelling and optimisation, to asset evaluation. Reserves evaluation for flotation, capital fundraising and for acquisition and divestment are also carried out. Managing Director, Piers Johnson, and other staff, as well as OPC the company, are recognised by the London Stock Exchange as a “competent entity” under section 19 of the Listing Rules.


Appendix II

Glossary
“3-D”
three dimensional
“barrel of oil”
42 US gallons, 158.9873 litres or 34.9723 Imperial gallons
“boepd”
barrels of oil equivalent per day
“carbonates”
deposits of calcite, including limestones and dolomites, forming a layer of rock
“deltaic”
a geological deposit formed by the action of an ancient delta
“dolomites”
a sedimentary rock composed of calcium magnesium carbonate
“interbedded”
occurs when a layer of rock of one type lie between or alternate with layers of rock of another type
“hydrocarbon”
a compound containing only the elements hydrogen and carbon which may exist as a solid, liquid or a gas. The term is mainly used in a catch-all sense for oil, gas and condensate.
“MMstb”
millions of stock tank barrels
“Monte Carlo”
a statistical method of quantifying the uncertainty of hydrocarbons in place, reserves and net present value. The uncertainty in the factors on which the desired output quantity depends is described by probability distributions, which are sampled and combined many times over to generate a distribution of output values versus probability
“porosity”
the percentage of void in a porous rock compared to the solid formation
“probabilistic”
derived from a range of estimates based on probabilities applied to known data
“psia”
pounds per square inch absolute
“P50”
indicates at least a 50% probability that the quantity of oil in place will equal or exceed the estimate
“reservoir”
a porous and permeable formation containing significant quantities of hydrocarbons, commonly composed of sandstone or limestone
“sediments”
particulate matter, transported by fluid flow (often water) and then deposited
“shales”
fine grained sedimentary rock whose original constituents were clay materials or muds
“STOOIP”
Stock Tank Oil Originally In Place
“stb”
stock tank barrel(s) measured at 14.7 psia and 60° Fahrenheit
“strata”
a layer of rock with internally consistent characteristics which distinguishes it from contiguous layers

[KaOzz]

NIGHTHAWK ENERGY PLC
HYDROCARBON EVALUATION OF JOLLY RANCH PROJECT

Monday 20 July 2009

The directors of Nighthawk Energy plc (“Nighthawk” or “the Company”) (AIM: HAWK), the US focused hydrocarbon production and development company are pleased to announce details of an independent evaluation of the hydrocarbons in place at the Jolly and Craig Ranch fields, part of the Jolly Ranch project, Lincoln County, Colorado. The P50 or most likely oil in place (“OIP”) estimate of the 246,000 gross acres evaluated, using probabilistic methods is calculated to be 1.462 billion barrels gross.

Nighthawk and Running Foxes Petroleum Inc. (“Running Foxes”), hold approximately 370,000 gross acres at the Jolly Ranch project, incorporating Jolly Ranch, Middle Mist and Mustang Creek. Nighthawk holds a 50 per cent. interest and Running Foxes holds the remaining 50 per cent. of the project.

Schlumberger Data & Consulting Services reviewed the petrophysical and geological data associated with the Jolly Ranch and Craig Ranch fields, Lincoln County, Colorado. This study was undertaken to assess resources in place under Nighthawk’s acreage in the Pennsylvanian (Upper Carboniferous) Marmaton, Cherokee and Atoka formations. Also included within the evaluation was the determination of lateral continuity for the reservoir and source rocks.

For the purpose of this study approximately 246,000 gross acres were reviewed and evaluated representing a significant proportion of the land which Nighthawk and its partner Running Foxes hold under lease at the Jolly Ranch project.
Oil in Place Estimations

A 3-D geologic model of the Marmaton, Cherokee and Atoka formations was constructed using Petrel* seismic-to-simulation software and used to determine the oil in place (“OIP”).

After completing a deterministic assessment of the OIP using average petrophysical properties from a number of recently logged wells, a Monte Carlo probabilistic model was created. OIP was calculated at P10, P50 and P90 percentiles.





In addition, a further model encompassing an area of 885,988 acres, surrounding and including the detailed study area of 246,000 acres, was also generated and evaluated. Whilst not fully evaluating Nighthawk`s and Running Foxes’ total acreage holding, the assessment showed the potential for lateral continuity of the reservoir and source rocks across the total acreage. From this study it was concluded that the regional continuity of the formations was such that the resources in place are likely to be laterally continuous.


Historical Production Review

While a full characterisation of the production history at the Jolly Ranch project was outside the scope of the study, it was important to review results to date as part of an integrated study to be able to validate the results of the petrophysical and geological interpretations. Actual production results provide evidence for successful play concepts and cross-validate oil in place calculations from petrophysics and geology. Production histories from historical wells in the immediate study area were reviewed to make general observations on Atoka and Cherokee production. Offset current activity in Lincoln County, from the Marmaton, Cherokee and Atoka zones were also reviewed.

Shallow production from the Cretaceous D and J sands at the Bluebird field, contained within the Nighthawk and Running Foxes acreage was also summarised, as these sands are present within the study area and could represent upside opportunity if identified in an appropriate structural trap.

Historical production data was available for several wells and fields within the Jolly Ranch/Craig Ranch area. The operators were Mull Drilling, BHP America, Anschultz, Wepking-Fullerton, Newfield, Citation Oil and Gas, Ritchie Oil and Gas and Heartland Oil and Gas.

Managing Director of Nighthawk, David Bramhill, commented “Our objective is to deliver excellent returns to shareholders by building a scalable, viable oil and gas company. The results of the review provide not only transparent figures for our core asset but also corroborate Nighthawk`s strategy and underpin progress made to date. My belief that Jolly Ranch has the potential to become a “world class” asset has been strengthened considerably by these results. However, this is only the start of the Jolly Ranch development story. There remains much work to be completed such as further delineating the oil in place, defining optimum production zones and establishing recovery factors using modern completion practices and techniques. Prior to the oil price crisis on the 80s and 90s, producers in the region were operating profitably with percentage recovery rates in the low 20s.

“The oil in place figures reported will, in my opinion, place the Jolly Ranch project, located in a politically stable environment, on the radar screens of major energy companies and is an excellent stepping stone for the next stage of development of both Jolly Ranch and Nighthawk. The natural progression is now to continue the pace of development and determine the optimum production and recovery rates and continue the derisking of the project, eliminating the normal uncertainties of a project of this magnitude, such that firm economics can be established leading to major value creation.

“Steven Tedesco, CEO of Running Foxes, who introduced the Jolly Ranch project to Nighthawk less than two years ago, has excelled. We look forward to updating the market as we rapidly progress this exciting development project.”

Tim Heeley B.Eng (Hons) a member of the Society of Petroleum Engineers, Fellow of the Geological Society of London and Chartered Energy Engineer, who is Commercial Director of Nighthawk and has over 12 years of experience in the hydrocarbons industry has approved the technical information contained in this announcement.
*Mark of Schlumberger


-------


Naja, nach der Lektüre der letzten zwei Postings, drängt sich die Vorstellung auf, dass hier noch einiges an Potential drinnen steckt

[KaOzz]

Und unter folgendem Link nochmal eine technische Analyse:

http://img17.imageshack.us/img17/4444/hawkm.jpg


Naja, der Kurs hat - wie bei nahezu allen anderen vernünftigen Öl/Gas-Werten auch - mit einem gewissen Verhältnis zum Ölpreis korreliert.

Würde mir zum aktuellen Kurs n paar Stücke ins Depot legen und den Nachkauf zwischen 20 und 30 GBp einplanen... wenn ich nicht schon in ne andere Öl-Aktie mit unglaublichen Potential investiert wäre


Beste Grüße

[tommy-hl]

Antwort auf Beitrag Nr.: 37.646.831 von KaOzz am 25.07.09 21:01:41

Hi Stefan,

hier ist ein Link für die Veröffentlichung des Broker Kurszieles:

http://www.smallcapnews.co.uk/article/Hanson_Westhouse_sets_…

Gruß
Tommy

[tommy-hl]

Ölpreis

Die Commercials decken lt. CoT ihre Netto-Shortpositionen mächtig ein.

Vor 10 Tagen waren die Future-Kontrakte der Commercials netto 28.470 short.

Letzte Woche reduzierten die Commercials den Bestand auf netto 11.509, d. h. um mehr als die Hälfte reduziert.

Das spricht - zusammen mit dem saisonalen Muster -, für steigende Ölpreise, oder zumindest ein Stagnieren auf jetzigem Niveau von rund $ 70.

So, blauer Himmel ... Sonne pur ... heute geht es an den Strand ...

Schönen Sonntag
Tommy

PS: Mit Nighthawk werde ich mich die nächsten Wochen mal etwas genauer befassen. Dicke Ressourcen im Boden sind zwar schön - aber lediglich Potenzial. Viel wichtiger ist es, das Zeug kostengünstig aus dem Boden zu holen und es mit Gewinn zu verkaufen.

[KaOzz]

Heute is bei uns blauer Himmel

Da mach ich mal an den See, hab ja mein Smartphone für alle Eventualitäten dabei








PS: Schau Dir mal die aktuelle Presentation von MNAP an!!!

[tommy-hl]

Antwort auf Beitrag Nr.: 37.651.692 von KaOzz am 27.07.09 13:09:02

PS: Schau Dir mal die aktuelle Presentation von MNAP an!!!

Hi Stefan,

danke für den Tipp. Manas Petroleum hat interessante Projekte, und - was mir gefällt -, Santos/Australien muss die Kosten für die Bohrlöcher z. B. in Kirgistan bis zu je $7mm zahlen.

Allerdings sind die Projekte in Exoten-Ländern, da muss das Länderrisiko, evt. Royalties/Zahlungen an die Regierung, Steuern usw. berücksichtigt werden.

Wird ´ne Heidenarbeit machen, das alles zu untersuchen. Hab´ ich mir auf die "to do" Liste geschrieben.

Gruß
Tommy

PS: Mit Nighthawk bin ich noch nicht weitergekommen ...

[KaOzz]

Antwort auf Beitrag Nr.: 37.694.199 von tommy-hl am 02.08.09 13:15:21

Grüß Dich Tommy!

Bei Manas is ziemlich Stress im Thread, wegen zu kontroverser Ansichten... teils sind die Beiträge echt irre manipulativ... man kennt das ja, wenn ein paar Freaks sich gefunden haben...

Ja, die Projekte sind alle in exotischen, unerschlossenen Regionen, aber dadurch ist einiges an Fantasie da.
Vielleicht werden solche Regionen die nächste Generation der Förderländer. Ist natürlich ein gewisses Risiko dabei.

Im südlichen Irak gibts erstmal kaum noch Hoffnung auf eine schnelle Lösung, weil das Parlament im Baghdad einfach nicht den Finger zieht. Da sind auch die Royalties ein Problem. Man wird die die Nachrichten abwarten müssen. Vielleicht kann Petrel da mal irgendwann etwas reißen...
Im Norden haben sich die Kurden das Öl selbst unter den Nagel gerissen und schon die Lizensen vergeben => Fantasie ist raus

Die afrikanischen Länder sind auch schon im größeren Stil in den Fokus der Oil-Companies gerückt.

Wo ich mir in ferner Zukunft noch was vorstellen kann, sind die abgeschmolzenen Polkappen... auch wenn das jetzt erstmal ethisch fraglich erscheint. Aber die angrenzenden Länder (an der Arktis) streiten sich ja jetzt schon um das Vorrecht für den Bergbau

Bei Manas haben mich die angegebenen Ressourcenschätzungen ziemlich vom Hocker gehauen. Ich geh mal davon aus, dass die derzeitigen Drillings nicht komplett aussichtslos sind
Die Kosten und Abgaben sind teil der Überlegungen des Managements... zB für Kirgisien schreiben sie was von "extremely attractive fiscal régime" (Quelle: Manas Introduction March 2009, Seite 14) Aber ich hab bei dem Laden nur n paar abstrahierte fakten im kopf (hervorragendes Management, kaum kursverwässerung seit der ölpreiskrise, cash in der kasse, gute kontakte, gute entwicklung, guter newsflow, gute zukunftsfantasie, etc.)

Heritage hat auch noch weitere Projekte in exotischen Ländern in der Pipeline, aber durch den Reverse Merger mit Genel... naja... erstmal schauen, wie sich der Deal entwickelt und was die Türken für Vorstellungen haben.


Wenn Du was interessantes zu HAWK gefunden hast, kannstes ja mal reinstellen


Grüße,
Stefan

[KaOzz]

[KaOzz]

Nighthawk Energy eyes US investors with OTCQX quotation

14 September 2009

US-focused oil and gas group Nighthawk Energy is ramping up its efforts to appeal to stateside investors with a string of new corporate initiatives.

The company – which is believed to be sitting on nearly 1.5bn barrels of oil at its flagship Jolly Ranch project in Colorado – has secured a quotation on the OTCQX International platform.

The quotation will work in tandem with Nighthawk’s existing AIM listing in London and gives it exposure to US investors. OTCQX International is a premium tier of the well-known OTC Bulletin Board market, which gives companies with a domestic listing the chance to trade their shares in the US.

One of the rules for achieving a listing on OTCQX International is to undertake a Level 1 American Depository Receipt (ADR) programme, which Nighthawk has completed and which was sponsored by Bank of New York Mellon. The ADR's will be created using the existing issued share capital of the company.

Nighthawk has hired SMH Capital Inc., the broker-dealer subsidiary of Sanders Morris Harris Group, to serve as the Principal American Liaison (PAL) in connection with its OTCQX quotation. It has also appointed Financial Dynamics to run its investor communications both in the UK and the US.

[Coxos]

bei manas würde ich einfach mal abwarten
was und wieviel sie erbohren
die vorab schätzungen könnt ihr vergessen
dass mag in kurdistan gelten
wo öl jeweisl in mrd barrel vorkommen zu finden ist
aber in anderen regionen kauft man die katze im sack
also ertsmal schauen
ob überhaupt was im sack ist

[KaOzz]

Antwort auf Beitrag Nr.: 37.974.199 von Coxos am 14.09.09 14:18:11

(falscher Thread?)

selbst in kurdistan fand ich manche erwartungen auf ölfunde übertrieben... MNAP is ein interessanter oil-play, GKP, PELE, HAWK eventull auch. Aber ich bin derzeit nur in MNAP dabei. Je nachdem wie die Ergebnisse ausfallen kauf ich was dazu oder werfe meine Stücke auf den Markt.

Bei Manas überschlagen sich sowieso die Hoffnungen im Board bei jedem Meter den sie tiefer bohren. Erst die Ergebnisse der gesamten Bohrarbeiten werden wohl das zukünftige Potential aufzeigen.
Bis dahin kann man sich billig eine kleine Posi sichern. Kann ja sein, dass sie doch was großes finden

[KaOzz]

SAYS CURRENT GROSS PRIMARY PRODUCTION AVERAGES 150 BOEPD
* Finds new reservoir within Devon area
* Shares rise as much as 8.8 pct

(Adds details)
Oct 5 (Reuters) - Nighthawk Energy Plc said on Monday it expected significant contribution from its Revere project in the United States in terms of reserves, production and cash flow, sending its shares up as much as 8.8 percent.
The U.S.-focused energy company said current gross primary production from Revere is averaging 150 barrels of oil equivalent per day (boepd), which is expected to rise to about 250 boepd when the Xenia field starts production.
There are currently 140 wells on primary production and up to 200 new wells are planned to be drilled, Nighthawk said, adding it discovered a new reservoir within the Devon area of the project.
"Revere remains a high potential and high reward core project for Nighthawk. Development activity is intense. We have a major expansion programme planned for at least the next 12 months," Managing Director David Bramhill said in a statement.
The Revere project -- formed recently by integrating the Devon Oilfield, Buchanan and Worden, and Xenia waterflood projects -- has 4,000 potential well sites, the company said.
Nighthawk has an 80 percent interest in Devon Oilfield, while the remaining stake is held by operator Running Foxes Petroleum Inc.
Nighthawk and Running Foxes have an equal interest in Buchanan and Worden, and Xenia fields.

Nighthawk shares were up 4.4 percent at 35.5 pence at 0740 GMT. They touched a high of 37 pence earlier in the session.

[KaOzz]

NIGHTHAWK ENERGY PLC

JOLLY RANCH UPDATE

The directors of Nighthawk Energy plc, the US focused hydrocarbon development and production company (Tickers: AIM: HAWK and OTCQX: NHEGY), are pleased to announce an operational update in respect of the ongoing drilling, well completion and other development activities at the Jolly Ranch project.

Highlights

- Preliminary swabbing operations from two of the four stages on the
Craig 15-32H lateral well have produced in excess of 100 bopd, before commencement of sand frac operations

- Two further vertical wells, the Craig 12-33 and Craig 4-33, have reached total depth and are being completed as producers after encountering significant hydrocarbons during drilling

- Number of workover rigs on-site increased from one to three to accelerate completion of previously drilled wells and increase production

- Two 3-D seismic acquisition programmes underway

The Jolly Ranch project, covering approximately 370,000 gross acres, comprises three areas, Jolly Ranch, Middle Mist and Mustang Creek, situated in Lincoln, Elbert and Washington Counties, Colorado. Nighthawk holds a 50% interest in the project and Running Foxes Petroleum Inc. (“Running Foxes”), the operator, holds the remaining percentage interest.

To date, approximately US$50 million gross has been invested in the Jolly Ranch project by Nighthawk and Running Foxes in respect of land and seismic acquisition, drilling, well completion and infrastructure. In addition, during June 2009, Schlumberger Data & Consulting Services (“Schlumberger”) completed an independent evaluation of the hydrocarbons in place at Jolly Ranch and concluded the P50, or most likely, oil in place over 246,000 project acres, using probabilistic methods, was 1.462 billion barrels gross. Schlumberger also concluded that the regional continuity of the formations was such that the resources in place are likely to be laterally continuous.

During the last six months the previously drilled vertical wells that have been tested have demonstrated economic production rates from a number of horizons, including the Marmaton, Cherokee and Atoka. In particular, the Craig 4-4 was completed in early July 2009 and continues to produce at an average rate of 65 bopd from the Cherokee formation with no significant decline in production noted.

Vertical wells, on a stand-alone basis, remain integral to the economic development of Jolly Ranch and offer the potential for significant financial returns for the project. The directors are of the belief that lateral well technology, as demonstrated in the
Bakken shale oil fields, should also be applied in parallel with vertical drilling at Jolly Ranch, potentially providing enhanced rates of return over and above those already demonstrated.
The current drilling programme comprises five vertical wells and one lateral well for which a summary follows:

Craig 15-32H

On 1 October 2009 Nighthawk announced that that the first lateral well on the Jolly Ranch project, the Craig 15-32H, reached a total depth of 8,554 feet, of which 2,006 feet was horizontal through the Cherokee formation, and had been cased ahead of fraccing and production.

Two of the four stages of the lateral section of the well have been subjected to acid fraccing to date and even at this preliminary phase of completion 109 bopd have been swabbed from the well.

Acid fraccing, which is undertaken prior to sand fraccing, is a process that etches the reservoir and provides an enhanced pathway for the sand fraccing operation, typically enlarging the effective drainage area of the well, thus increasing production.
The 15-32H will now be put on pump and, following a period of production testing, all four stages will be sand fracced at a later date.

These early results at this stage of development are indicative of the performance seen from analogous wells in the prolific Bakken shale oil developments in North Dakota.

Craig 12-33

The Craig 12-33, a vertical well targeting the Atoka and Cherokee formations, has been drilled to a total depth of 7,602 feet into the Mississippian. Significant oil was encountered during drilling in the Atoka and Cherokee formations.

Production pipe has been successfully run on the 12-33 and the well is being completed as a producer. The 12-33 has swabbed up to 40 bopd from the Atoka formation following a small acid fraccing exercise. This will be followed by sand fraccing into the Cherokee zone and placed on production pump by the end of next week.

Craig 4-33

The Craig 4-33, a vertical well targeting the Atoka and Cherokee formations, has been drilled to a total depth of 7,572 feet into the Mississippian. Significant oil was encountered during drilling in the Atoka and Cherokee formations.
The 4-33 well has been cased for production and completion operations, including fraccing, will commence in the near future.

Craig 10-28

The Patterson-UTI #190 drilling rig has now moved to the Craig 10-28 drill site where vertical drilling is currently underway.

Craig 6-4

The Craig 6-4 well, the fifth and final well of the 2009 drilling programme, will be drilled to the Arbuckle formation and used as a water disposal well. Following State approval, water disposal lines from the existing Craig wells will be tied in to this well.

Number of workover rigs on-site increased with emphasis on
increasing production

Following testing of various production horizons in the previously drilled wells, the number of workover rigs operating on-site has been increased from one to three. The objective of this exercise is to accelerate the completion process of these wells, leading to increasing production levels over the coming months.

3-D seismic acquisition

Nighthawk and Running Foxes are currently planning two 3-D seismic acquisition programmes. One will expand the existing 3-D coverage in the area of the Jolly Ranch acreage; the other will be shot in the vicinity of a competitor’s recently discovered oilfield, producing from the Cherokee formation, near the Company’s core project area.

David Bramhill, CEO of Nighthawk commented:

“We are very pleased with the current results from the ongoing programme, which we believe will create further significant value across the wider project area. Although early days, we are particularly encouraged by the similarity of these findings to those encountered in the Bakken formation, the only other shale oil play in North America. We believe this progress will continue to delineate Jolly Ranch as a world-class hydrocarbon development.”
Tim Heeley B.Eng (Hons) a member of the Society of Petroleum Engineers, Fellow of the Geological Society of London and a Chartered Energy Engineer, who is Commercial Director of Nighthawk and has over 12 years of experience in the hydrocarbons industry, has approved the technical information contained in this announcement.

Enquiries:
Nighthawk Energy plc
David Bramhill, Managing Director
Tim Heeley, Commercial Director
01271 882160
020 7887 1454
07956 525433
Hanson Westhouse Limited
Tim Feather
020 7601 6100
[e-mail]
Matthew Johnson
[e-mail]
Bishopsgate Communications Limited
Nick Rome
020 7562 3395
[e-mail]
Financial Dynamics
Ben Brewerton
Ed Westropp
020 7831 3113
[e-mail]
[e-mail]

[KaOzz]

NIGHTHAWK ENERGY PLC

(“Nighthawk” or “the Company”)

JOLLY RANCH UPDATE

Nighthawk Energy plc, the US focused hydrocarbon development and production company (Tickers: AIM: HAWK and OTCQX: NHEGY), is pleased to announce an update in respect of the winter drilling programme on the Jolly Ranch project.

The Jolly Ranch project, covering approximately 370,000 gross acres, comprises three areas, Jolly Ranch, Middle Mist and Mustang Creek, situated in Lincoln, Elbert and Washington Counties, Colorado. Nighthawk holds a 50% interest in the project and Running Foxes Petroleum Inc., the operator, holds the remaining percentage interest.

In July 2009, Schlumberger Data & Consulting Services completed an independent evaluation of the hydrocarbons in place at Jolly Ranch and concluded:

- The P50, or most likely, oil in place over the 246,000 project acres evaluated, using probabilistic methods, was 1.462 billion barrels gross
- There is reasonable certainty of reservoir and source rock continuity at least in the detailed model area that includes the Craig and Jolly Ranch fields
- Five new vertical wells and one horizontal section, drilled using an existing vertical well, have been drilled on the Jo
lly Ranch project during the winter drilling campaign. This brings the total number of deep wells drilled on the Jolly Ranch project to 15, two of which will be utilised as water disposal wells. In aggregate, the 15 wells encountered in excess of 150 oil bearing horizons in conventional and non-conventional zones.
- The results from the recent drilling programme have demonstrated source rock and reservoir continuity of the Atoka and Cherokee shales. In addition, the estimated oil in place figures per well confirm or exceed those indicated within the independent report, thus reinforcing confidence in the financial viability of the Jolly Ranch asset.
- The project has now advanced to a stage where completion techniques, refined over the past twelve months will now be applied to all the drilled wells. This will promote optimum production from this new oil play in the carbonaceous shales of the Atoka and Cherokee formations of the Denver Basin, the main focus of the project.

- The current status of the wells drilled during the winter programme is:


Craig 4-33
----------

The Craig 4-33 well has been cased as a producer and completed in the Lower Atoka formation between 6,839 and 6,977 feet and tested at an average rate of 130 bopd over a sustained two week period. The well will now be placed on full production.

The Cherokee formation, which also encountered significant oil during drilling, will be completed at a later date to enable co-mingling of production.


Craig 10-28
-----------

The Craig 10-28 well has been cased as a producer and is currently undergoing completion in the Lower Atoka formation between 6,885 and 7,132 feet and will be placed on production in early February 2010.

The Cherokee formation, which also encountered significant oil during drilling, will be completed at a later date to enable co-mingling of production.


Craig 12-28
-----------

The Craig 12-28 well has been cased as a producer and is currently undergoing completion in the Cherokee and Lower Atoka formations between 6,540 and 7,014 feet and will be placed on production in early February 2010. Oil production will be directed into a centralised tank battery for ease of shipment of sales, together with output from the Craig 10-28.

Larger volume centralised tank batteries are being deployed on the Jolly Ranch project in parallel with the expected increase in full-scale production as development continues.


Craig 12-33
-----------

The Craig 12-33 well has been cased as a producer, is currently undergoing completion in the Lower Atoka and Cherokee formations, between 6,543 to 7,077 feet, and will be placed on production during February 2010.


Craig 15-32H
------------

The Craig 15-32H, a 2,006ft horizontal section, was drilled off the existing Craig 15-32 vertical well. Three of the four zones were sand fracced with oil coming back during completion operations.

The well requires some mechanical remediation following these exercises which will be undertaken subsequent to the production focused completion exercises in the Cherokee and Atoka zones on the vertical wells.


Craig 6-4 SWD
-------------

The Craig 6-4 SWD was permitted and drilled as a salt water disposal well to reduce the operating costs of production and development. During drilling excellent hydrocarbon formations were encountered within the Cherokee and Atoka shales between 6,489 and 7,079 feet. Subsequently a twin production well has been permitted to be drilled at a later date.

Optimum completion methods for the wells have been refined over the last 12 months. It is intended to apply these techniques, where applicable, to the wells drilled prior to the winter campaign. Nighthawk intends to publish a full project status report during February 2010, encompassing an update on all wells, production profiles and a review of the ongoing 3D seismic programmes.


David Bramhill, Managing Director of Nighthawk, commented: “We continue to be encouraged by the appraisal drilling results. Strong progress has been made and our understanding of the project has evolved. We anticipate regular news flow in respect of the project over the coming months.”
Tim Heeley B.Eng (Hons) a member of the Society of Petroleum Engineers, Fellow of the Geological Society of London and a Chartered Energy Engineer, who is Commercial Director of Nighthawk and has over 13 years of experience in the hydrocarbons industry, has approved the technical information contained in this announcement.



Enquiries:
Nighthawk Energy plc
David Bramhill, Managing Director
Tim Heeley, Commercial Director
01271 882160
07956 525433
020 7887 1453
Westhouse Securities Limited
Tim Feather
Matthew Johnson
020 7601 6100
[e-mail]
[e-mail]
Bishopsgate Communications Limited
Nick Rome
020 7562 3395
[e-mail]
Financial Dynamics
Ben Brewerton
Ed Westropp
020 7831 3113
[e-mail]
[e-mail]

[KaOzz]

Tuesday, January 26, 2010
Westhouse upholds 'buy' recommendation on Nighthawk Energy, price target unchanged
company news image

Broker Westhouse Securities noted today’s update on the Jolly Ranch project from Nighthawk Energy (AIM: HAWK), which included details of the five new vertical wells and one horizontal section drilled during the winter campaign 2009-2010 and the announcement of the company’s intention to publish a full project status report in February, retaining its 'buy' recommendation for the stock and left the target price unchanged at 225 pence.




Along with the recommendation and target price for the stock, Westhouse also upheld its estimate that based on the Schlumberger study of oil in place and a 20% recovery rate, the potential recoverable reserves net to the company at the project stood at 220 million barrels, which it said was the equivalent of finding a large North Sea or West African oilfield.

The activities in H1 2010 will focus on bringing the 13 production wells onto commercial production. The report due in February will include an update on all wells, production profiles and a review of ongoing 3D seismic programmes.

Westhouse intends to issue a comprehensive note on the company with a full corporate valuation after the report is out.

---

Schön, wenn eine Analystenbude den Rücken stärkt

[tommy-hl]

February 24, 2010 - minesite
Nighthawk Releases Jolly Ranch Figures With Plans To Drive Up Production To 1,000 BPD This Year

Nighthawk Energy has for many years claimed that its Jolly Ranch project in Colorado has the potential to be a world-class play, not only holding conventional oil reserves but also large volumes of oil locked away in tight shale rocks. Last year, oil services giant Schlumberger appeared to back this claim, reporting a P50 oil-in-place estimate of 1.462 million barrels for two-thirds of the project area, which spans 370,000 acres of the southern part of the Denver Basin.

Despite this promise, many investors have grown impatient at the company’s ability to derive value from this project, in which it has invested over US$30 million over the past 18 months. This is a potentially huge resource, in which Nighthawk has a meaty 50 per cent stake alongside operator Running Foxes Petroleum, yet production is a measly 150 barrels per day.

This tally is set to climb in 2010, however, with the AIM-quoted company planning to take production to 1,000 bpd gross in 2010. Analyst Richard Nolan of Daniel Stewart & Co, which carries a Buy rating, described the magnitude of the uplift as “inspiring”.

There are currently 13 vertical development wells targeting the Cherokee and Atoka shales at depths of 6,500 to 7,500 feet, three shallower wells and two salt water disposal wells. Nighthawk has provided a detailed breakdown of these wells, which should give investors plenty to chew over.

Overall, the quality of the oil is good, ranging from 32 to 41-degree API, and the combined mean net pay thicknesses in the Cherokee and Atoka formations are 20 feet and 38 feet respectively.

Any one with a passing knowledge of the oil and gas sector will know that shale developments are the latest industry buzz as new technologies enable companies to drain previously inaccessible hydrocarbons from these tight rocks.

The technology doesn’t come without cost, and nor is it easy to apply: much of its success depends on operators optimizing well locations in order to drill into sweet spots where natural faulting aids the recovery of the precious oil and gas. Wells must be perforated, fracced, acidized and swabbed to be tested: this doesn’t come cheap.

This is really territory for the Big Boys, with the deep pockets and technical expertise to get results from the shales. This much is recognized by a £98 million market cap Nighthawk, which plans to work up the acreage so it can then sell it on for a premium. As managing director

David Bramhill puts it: “We believe that Jolly Ranch can be established as a high value shale play similar to prolific shale projects such as the Bakken, Barnet and others throughout the US Mid-continent. These shale plays can command exceptional exit prices once producibility and economic parameters are exhibited."

Prices from recent shale oil M&A transactions have averaged in excess of US$5,000 per acre – and Nighthawk and privately-owned Denver-based partner hold 370,000 gross acres. Buyers, however, are going to want firm evidence that this is a world-class play – and that’s going to require much more than 13 wells pumping 150 bpd.

Accordingly, Running Foxes and Nighthawk have completed three new 3D seismic surveys over their acreage to help identify potential sweet spots. Re-interpretation of previous 3D has already yielded new targets and it is hoped the latest data, currently being interpreted, will add to the understanding of the subsurface rocks.

Schlumberger has again been drafted in to complete an extended modelling and reservoir simulation to help the companies work up production and recovery profiles that will feed into an independent reserves assessment for the project.

It isn’t just an engineering challenge, of course. The partners need to prove this is a commercially viable project: they reckon that based on a US$70 oil price the project would deliver a post-tax netback to Nighthawk of about 40 per cent of the sales price.

A study compiled by Nighthawk and Denver-based consultancy Benavides Petroleum Engineering Inc reports that a US$1.4 million vertical well targeting the Atoka and Cherokee shales would deliver a discounted cash flow over its life span of US$4.7 million, providing a rate of return of 330 per cent on a discounted basis. This, says Nighthawk, demonstrates the financial robustness of the project – and while using horizontal wells would drive up the costs, it would also likely deliver many more barrels.

For now, however, Nighthawk, which has US$18 million in cash and no debt, plans to stick with vertical wells. This seems reasonable until higher production numbers start to deliver more revenues and prove up the deliverability of the Jolly Ranch shales. Although Tuesday’s announcement provided no signposts as to how its production goal will be reached, if the project is indeed pumping 1,000 bpd by year-end then investors will feel much more jolly about an enterprise that does, on paper, have the potential to transform the company.

[tommy-hl]

Antwort auf Beitrag Nr.: 39.016.981 von tommy-hl am 26.02.10 06:51:04

Mit einer MK von rund $ 100 Mio. bei einer Produktion von lediglich evt. 1.000 bopd ab Ende 2010 ist Nighthawk m. E. immer noch zu teuer!

Der Verlauf des Aktienkurses drückt das auch gut aus ...

[KaOzz]

Antwort auf Beitrag Nr.: 39.016.998 von tommy-hl am 26.02.10 07:01:29

kann ich im moment absolut nich beurteilen
Bin gerade etwas überfordert mit anderen Werten und Nighthawk hatte einfach ne zu miese Performance mit nem schlechten Newsflow bis zuletzt, als man mal irgendwas von Multimilliarden Barrel gehört hat (vorige Seite im Thread, oder so)

Was denkst Du über die Öl-Story? Peak-Oil aus und vorbei oder kommt die Knappheit wieder?

---

Jedenfalls gibts Gerüchte am Markt über HAWK:

Another one to watch is little-known US-focused oil and gas group Nighthawk Energy, which has been drilling at its Jolly Ranch project.

Bar-room gossip has the firm on the wanted list of American giant Apache Oil, and unusually high volume on the stock did little to dispel the rumours.

A bid could see its price soar by many multiples on the 23p it closed at after rising 0.75p.


http://www.dailymail.co.uk/money/article-1255251/MARKET-REPO…

[KaOzz]

Antwort auf Beitrag Nr.: 39.064.947 von KaOzz am 05.03.10 02:15:08

Nur mal angenommen Deine Bewertung is gerechtfertigt... warum stand der Kurs dann vor nem halben Jahr noch wesentlich höher?




Eigentlich sollte man sich mal wieder um den Wert kümmern. Die haben das letzte Jahr ganz gut gearbeitet und Westhouse nenn ein KZ von knapp 200 GBp

Ich hab auch nix von ner KE in Erinnerung, d.h. vermutlich sie haben aktuell keine Finanzierungsprobleme

[tommy-hl]

Antwort auf Beitrag Nr.: 39.064.947 von KaOzz am 05.03.10 02:15:08

Was denkst Du über die Öl-Story? Peak-Oil aus und vorbei oder kommt die Knappheit wieder?

Hallo,

Öl gibt es genug im Boden und wird wohl auch noch die nächsten zwei Jahrzehnte eine dominante Rolle spielen.

Doch um die verbleibenden Ölreserven aus dem Boden zu holen müssen immer höhere Kosten gezahlt werden. Damit sich das für Explorer/Produzenten lohnt, muss der Ölpreis steigen.

Peak Oil = Max. mögliches Fördervolumen im Kontext von Ölpreis/Produktionskosten!

[tommy-hl]

Antwort auf Beitrag Nr.: 39.064.955 von KaOzz am 05.03.10 02:22:06

Nur mal angenommen Deine Bewertung is gerechtfertigt... warum stand der Kurs dann vor nem halben Jahr noch wesentlich höher?

Stefan,

ich kann Dir dazu nur eine recht banale Antwort geben:

Der Aktienkurs drückt die Erwartungen/Träume/Hoffnungen usw. der Anleger aus. Und die waren vor einem halben Jahr größer, als heute.

Tommy

[tommy-hl]

Antwort auf Beitrag Nr.: 39.064.955 von KaOzz am 05.03.10 02:22:06

Ich hab auch nix von ner KE in Erinnerung, d.h. vermutlich sie haben aktuell keine Finanzierungsprobleme

Per 30.06.09 waren $ 5,9 Mio. in der Kasse. Das wird nicht lange reichen, da die Ausgaben (Exploration/Administration usw.) weitaus höher sind, als die noch sehr geringen Einnahmen. Die nächste KE wird kommen ...

[tommy-hl]

Antwort auf Beitrag Nr.: 39.064.947 von KaOzz am 05.03.10 02:15:08

Stefan,

grundsätzlich bin ich für den Ölsektor bullish! Ohne Öl würde die gesamte Volkswirtschaft zusammenbrechen.

Aber Einzelselektion ist wichtig!

Zurzeit bin ich bei Nighthawk noch skeptisch. Das Verhältnis MK/Produktionrate stimmt noch nicht! Falls Du Lust hast, schau Dir mal bei Gelegenheit Egdon Resources an: http://www.egdon-resources.com/

Niedrige MK, steigende Ölförderung, zu geringen Kosten zu erschließende neue Öl/Gasquellen, da stimmt alles ... Ich gebe Egdon gegenüber Nighthawk ganz klar den Vorzug ...
Meine persönliche Erwartung für Egdon: Kursverdoppelung bis 2011. Danach gebe ich Dir gerne weitere Kursziele auf ...

[tommy-hl]

Nachdem der Betreiber Running Foxes es nicht geschafft hat, die kommerzielle Produktion im Jolly Ranch Projekt voranzutreiben, will Nighthawk es selber versuchen. Ob die es besser machen werden?


January 04, 2012
Nighthawk Plans “Clear Break From The Past” As It Spends US$12.5 Million To Secure Operatorship Of Jolly Ranch Shale Project

Nighthawk Energy has long struggled to convince the market that its Jolly Ranch project in Colorado is a potentially transformational shale play in the making. There have been a number of disappointments in recent years that have shaken investor confidence: production and reserve numbers are far from compelling despite the US$45 million-plus spent on Jolly Ranch to date, while the jettisoning of waterflood projects in Kansas and Missouri and the Cisco Springs stranded gas project in Utah, all once touted by management as promising sources of near-term production, have done little to burnish management’s reputation.

Now, however, the AIM-quoted company hopes to turn the tide by taking control of Jolly Ranch and demonstrating the potential of this asset, which comprises 410,000 acres in the Denver Basin. And it really does mean control, with Nighthawk spending US$12.5 million to buy an additional 25 per cent stake in Jolly Ranch; this gives Nighthawk a 75 per cent working interest (60 per cent net revenue interest) and, importantly, operatorship. This matters because the markets have not been impressed by hitherto project operator, Running Foxes Petroleum, a privately-owned Denver outfit headed by Steve Tedesco, who also runs troubled TSX-quoted Admiral Bay Resources, which recently halted trading for late filing of its financials.

Nighthawk will pay Running Foxes US$8.5 million in cash and US$4 million in shares to secure the additional 25 per cent of Jolly Ranch. This price works out at US$122 per acre (the usual metric for shale projects); when outgoing CEO Tim Heeley presented at oilbarrel.com in June the land value was US$170 per acre so, viewed favourably, Nighthawk has got a bargain (although, with the shares slipping three per cent on the news, the market took a more negative view of the implied value for Jolly Ranch). Indeed, the sales price means an impairment of Jolly Ranch in the balance sheet; the company had reckoned the project carried a gross value of US$92 million but the deal implies a gross value of just US$54 million. This will be reflected in the accounts for the six months to December 31.

Running Foxes currently retains a 25 per cent interest in the project but is looking to sell this to a third party by the end of April. If this sale does not go through then Nighthawk will pay the company an additional US$1 million (Running Foxes will also receive a payment up to US$5 million if the project is sold to a third party within five years – this is the obvious exit strategy for small cap Nighthawk should Jolly Ranch prove as promising as it claims).

To fund the acquisition and its forward work programme as operator, Nighthawk has raised £10 million through the issue of 10 million zero coupon unsecured loan notes, convertible at 2.5 pence per share, through a conditional placing through Westhouse to raise up to £4 million at 2.5 pence per share and through an open offer to raise £4.15 million in January, again priced at 2.5 pence per share.
Nighthawk chairman Stephen Gutteridge was keen to stress that taking over operatorship and raising the funds will deliver a decisive change in the company’s fortunes.

“We enter the New Year as a fundamentally different company with transformed prospects and a clear break with the past," he said.

Having secured operatorship, the company plans to push ahead with development of the project. Nighthawk admits this is a challenging project and production numbers have serially disappointed – the Q3 2011 production numbers were again lower than Q2 2011 - and says lessons have been learnt from progress to date. Most shale plays are a learning curve and Nighthawk says it now intends to apply the lessons it has learned in recent years to existing and new well bores, with its initial focus on the Cherokee shales and the Niobrara formation to the north of the acreage.


As Heeley made clear when he appeared at an oilbarrel.com conference over the summer (and Heeley is not leaving the company but is standing down as CEO to take over operational control in Colorado with Gutteridge acting as executive chair in London), this is not an exploration play (the oil is there) but a development play, with the key risk being the ability to extract the oil in an economic fashion. Jolly Ranch is a multi-shale play rather than a single homogenous shale like the prolific Bakken or Eagle Ford and the company has been testing different shale zones and experimenting with different drilling and completion techniques. Encouragingly, other operators have been moving into the area and it helps that Jolly Ranch is a liquids-rich shale play, making this a premium play (gas prices remain depressed in the US because of the shale gas boom) that should prove attractive to other companies looking to gain a position in the Denver Basin.

First, however, Nighthawk needs to prove up the concept and it should now have the experience, the operational control and the funds to do so. It intends to spend up to US$7 million in 2012, spending US$0.8 million on workovers of existing wells and US$6.2 million drilling up to five new wells (four vertical and one horizontal sidetrack). The hope is that Nighthawk can find the right technology to unlock this complex shale play and deliver the kind of premium land value – prices of US$1,000 to US$2,000 per acre are not uncommon even for shale plays with relatively little track record - that will, at last, reward long-suffering shareholders.

Quelle: minesite

[Big Charly]

Antwort auf Beitrag Nr.: 42.577.758 von tommy-hl am 11.01.12 11:05:49

18. Juni 2013

NIGHTHAWK ENERGY PLC

("Nighthawk" oder "das Unternehmen")

Produktions-Update

Arikaree Creek Oil Production mehr als 1.000 Barrel pro Tag als Taos 1-10 gut beginnt Produktion

Nighthawk, die US-Öl-fokussierten Entwicklungs-und Produktionsunternehmen (AIM: HAWK und OTCQX: NHEGY), kündigt ein Update auf die Produktion aus dem zu 100% kontrolliert und betrieben Smoky Hill und Jolly Ranch Projekte in der Denver-Julesburg Basin, Colorado.

Höhepunkte

· Die Taos 1-10 gut, auf der Arikaree Creek Öl-Feld befindet, begonnen Produktion auf 14. Juni 2013

· Initial Produktionsraten seit demnächst in Betrieb genommen sind im Bereich von 400-500 Barrel Öl pro Tag ("Barrel / d") ohne Wasser Produktion

· Produktion von den Steamboat Hansen 8-10 und 4-11 Big Sky Brunnen, auch auf der Arikaree Creek Ölfeld befindet, wird mit einer kombinierten Geschwindigkeit von rund 700 bbl / d weiterhin ohne Wasser Produktion

· Zusätzliche produzierenden Bohrlöchern auf der Jolly Ranch Projekt befindet sich derzeit trägt ungefähr 60-80 Barrel / d in insgesamt

· Die Gesamtproduktion aus allen produzierenden Bohrlöchern hat mehr als 1.200 Barrel / Tag in den vier Tagen im Durchschnitt seit der Taos 1-10 kam auf-stream

Chuck Wilson, Chief Operating Officer von Nighthawk, die über 32 Jahre Erfahrung in der Öl-und Gasindustrie und erfüllt die Kriterien der qualifizierten Personen unter AIM Leitfaden für den Bergbau und Öl-und Gasunternehmen, überprüft und hat die technischen Informationen enthalten genehmigt in dieser Ankündigung.

- Ende-

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