Key Developments: Nighthawk Energy PLC (NGTE.L)

NGTE.L on London Stock Exchange

8.75GBp
21 Nov 2014
Price Change (% chg)

0.25p (+2.94%)
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8.50p
Open
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Volume
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Latest Key Developments (Source: Significant Developments)

Nighthawk Energy Plc appoints Executive Chairman
Tuesday, 23 Sep 2014 02:00am EDT 

Nighthawk Energy Plc:Says as announced on March 31 Stephen Gutteridge had informed the Company of his intention to step down from his position as Executive Chairman.Company appoints Richard (Rick) W. McCullough as Executive Chairman, effective from Oct. 01.Rick will be based in Denver, USA.  Full Article

Nighthawk Energy Plc announces new $100 mln debt facility
Thursday, 21 Aug 2014 02:00am EDT 

Nighthawk Energy Plc:Announces that it has secured credit commitment from Commonwealth Bank of Australia for a new $100 mln reserve based loan.RBL has maturity of four years and an initial borrowing base and availability of $35 mln.Says Nighthawk expects addition of future reserves and production growth to add to availability of RBL.Interest rates will be at competitive premium to US Libor rates and will enable company to substantially reduce its borrowing costs.  Full Article

Nighthawk Energy Plc announces directorate changes
Monday, 31 Mar 2014 02:00am EDT 

Nighthawk Energy Plc:Johan Claesson has been appointed as non-executive director with effect from April 1.Chuck Wilson, the company's Chief Operating Officer, based in Denver, will become an executive member of Board with effect from April 1.Stephen Gutteridge has informed his intention to step down from his position as executive chairman no later than Sept. 30 to pursue other opportunities.  Full Article

Nighthawk Energy Plc Announces Farm-Out Agreement With Farmee
Tuesday, 29 Oct 2013 03:00am EDT 

Nighthawk Energy Plc announced that it has entered into a farm-out agreement with an undisclosed private, Denver-based oil and gas company (Farmee) covering 4,572 acres of its 100% owned and operated Jolly Ranch project in the Denver-Julesburg Basin, Colorado. Farm-out area covers 4,572 acres (the "Farm-out Acreage"), currently 100% Nighthawk working interest, in the immediate vicinity of Limon, approximately fifteen miles south of Nighthawk's Arikaree Creek oil-field. Farmee to earn a 50% working interest (40% net revenue interest) by drilling as operator three vertical wells on the Farm-out Acreage. Also Nighthawk and the Farmee will exchange 3D seismic information.  Full Article

Nighthawk Energy Plc Announces Exercise Of Options
Wednesday, 9 Oct 2013 08:24am EDT 

Nighthawk Energy Plc announced that it has received a conversion notice from a former employee to exercise share options over 1,000,000 ordinary shares of GBP0.0025 each. The Option Shares have an exercise price of GBP0.08 per Option Share. Application has been made for the Option Shares to be admitted to trading on AIM and it is expected that this will take place on or around October 15, 2013. Following the issue of the Option Shares, Nighthawk will have 946,435,420 Ordinary Shares in issue, which will also represent the total number of voting rights in the Company.  Full Article

Nighthawk Energy Plc Announces Purchase Of Remaining 25% Working Interest In Smoky Hill And Jolly Ranch Project
Wednesday, 31 Jul 2013 02:00am EDT 

Nighthawk Energy Plc announced that its wholly owned subsidiary, Nighthawk Production LLC, has completed the purchase of the remaining 25% working interest in its Smoky Hill and Jolly Ranch projects in Colorado from Running Foxes Petroleum, Inc. Acquisition by Nighthawk from RFP of an additional 25% working interest in all leases in the Smoky Hill and Jolly Ranch projects in the Denver-Julesberg Basin, Colorado in which Nighthawk currently owns a 75% working interest and is the operator. The purchase price is USD12 million, payable in cash. The acquisition has been funded by a short-term bridging loan, the terms of which were announced on July 19, 2013. As a result of the acquisition of the additional 25% working interest, Nighthawk now owns a 100% working interest in all its leases and the property, equipment and information associated with the leases including all producing wells and geological and drilling data.  Full Article

Nighthawk Energy Plc Announces Ownership Interest Of Nordea Life and Pensions Limited
Wednesday, 24 Jul 2013 05:01am EDT 

Nighthawk Energy Plc announced that Nordea Life and Pensions Limited hold 35,830,913 shares, representing 3.80% of voting rights in the Company.  Full Article

Nighthawk Energy Plc Gets Debt Facility To Buy Last 25% In Colorado Projects-DJ
Friday, 19 Jul 2013 04:53am EDT 

Dow Jones reported that Nighthawk Energy Plc announced that it has entered into a short-term debt facility to fund the purchase of the remaining 25% working interest in its Smoky Hill and Jolly Ranch projects in Colorado. Company exercised its option to acquire the 25% interest on July 4; sees deal concluded within the coming weeks. $12 million unsecured loan with a term of six months from date of drawdown. Interest rate of 9% per annum payable quarterly. Lender agreed to waive arrangement and legal fees and to lend on an unsecured basis. Lender will be granted 30 million warrants to buy shares at 7.25 pence.  Full Article

Nighthawk Energy Plc To Purchase Additional 25% Working Interest In Smoky Hill And Jolly Ranch Projects
Thursday, 4 Jul 2013 02:00am EDT 

Nighthawk Energy Plc announced that it has exercised its option to purchase the remaining 25% working interest in its Smoky Hill and Jolly Ranch projects in Colorado from Running Foxes Petroleum, Inc. (RFP). Following completion of the acquisition Nighthawk will own and operate 100% of both the Smoky Hill and Jolly Ranch projects. As part of the Settlement Agreement concluded with RFP in October 2012, Nighthawk was granted an option to purchase RFP's remaining 25% working interest in the Smoky Hill and Jolly Ranch projects in the Denver-Julesberg Basin, Colorado. The purchase price for RFP's 25% working interest is USD12 million, payable in cash.  Full Article

BRIEF-Nighthawk Energy secures $100 mln credit commitment

* Has secured a credit commitment from Commonwealth Bank of Australia for a new $100 million reserve based loan Source text for Eikon: Further company coverage:

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