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Nighthawk Energy provides operations highlights


Published Jun 26, 2015
Nighthawk Energy

Nighthawk says that at its Annual General Meeting being held this morning at 9.30 a.m., Rick McCullough, Chairman of Nighthawk, will give a short presentation providing an update on the Company's operations as well as providing a discussion around the market outlook for U.S. onshore oil and gas production and demand.

Operations Update Highlights

The principal highlights from the presentation are as follows: •Monarch and El Dorado Joint Development Agreements ◦We initially saw six to seven potential pop-up features on structure in Monarch based on regional 2D seismic ◦Early 3D seismic results indicate as many as nine such features with potentially 40-50 Spergen drilling targets ◦At least one structure appears from initial 3D interpretation to have potential to be similar in nature and size to the Arikaree Creek field ◦3D seismic is being fully interpreted and should be ready to pick initial drilling locations in July 2015, with drilling anticipated to begin in September 2015

Tags: Nighthawk Energy plc




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