Nighthawk Energy reports net production of 364,399 barrels of oil for the 11 months to the end of November – down from 500,280 barrels in the corresponding period in 2015.
Net daily output averaged 1,088 barrels compared with 1,493 in 2015.
The company says that as reported on 30 November, it received a permit on 11 November to commence injection of water into one of the two planned water flood injection wells. On 29 December, the company received a permit to commence injection on the second well.
As reported on 16 December, the Company reached a settlement with Cascade Petroleum LLC. One of the provisions of the settlement was that Nighthawk was to complete an up-hole zone in the Monarch 10-15 well, at the company’s expense, estimated to be approximately US$75,000.
A workover rig has been commissioned and the re-completion has commenced. Results of the up-hole completion will be announced in due course.
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