Nighthawk output remains strong

Nighthawk Energy says production continued to remain strong during the first ten months of 2016. It said the effects of a natural water drive in the Arikaree Creek field, along with the efforts from the production operations team, had kept 2016 production relatively flat for the year to October.

Gross output in October was 39,672 barrels compared with 49,724 barrels a year ago. Net output was 32,246 barrels against 40,769 in October last year.

Gross output for the first 10 months totalled 412,818 barrels – down from 561,530 barrels a year ago. Net production was 337,409 barrels compared with 462,172 a year ago.

At 9:05am: (LON:HAWK) Nighthawk Energy PLC share price was -0.22p at 1.2p

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