Nighthawk Energy plc Reserves Based Loan Covenant Compliance (8030D)
02 May 2017 - 4:01PM
UK Regulatory
TIDMHAWK
RNS Number : 8030D
Nighthawk Energy plc
02 May 2017
2 May 2017
NIGHTHAWK ENERGY PLC
("Nighthawk" or "the Company")
Reserves Based Loan Covenant Compliance
Nighthawk, the US focused oil development and production company
(AIM: HAWK and OTCQX: NHEGY), announces that it has notified
Commonwealth Bank of Australia ("CBA") that the Company is not in
compliance with the minimum production requirement covenant for the
month of April 2017 under the Company's Reserves Based Loan with
CBA. CBA have agreed a waiver to this breach.
The Company's gross unaudited monthly production for April 2017
was approximately 36,000 barrels. A full production update will be
provided in due course
Enquiries:
Nighthawk Energy plc
Rick McCullough, Chairman +1 303 407 9600
Kurtis Hooley, Chief
Financial Officer +44 (0) 20 3582 1350
Stockdale Securities
Limited +44 (0) 20 7601 6100
Richard Johnson
David Coaten
This information is provided by RNS
The company news service from the London Stock Exchange
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