We maintain our Buy rating on Nighthawk Energy and 7p target price following encouraging recent developments, particularly on funding and progress with the Arikaree Creek Waterflood Pilot project, which demonstrate the strong support of existing shareholders and the quality of the underlying assets. Nighthawk has an attractive portfolio of low-cost, conventional production and development assets in the Denver-Julesberg basin, one of the more underdeveloped hydrocarbon provinces remaining onsh
04 Aug 2016
Funded to initiate Waterflood Pilot
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Funded to initiate Waterflood Pilot
Nighthawk Energy (HAWK:LON) | 0 0 -10.0% | Mkt Cap: 2.51m
- Published:
04 Aug 2016 -
Author:
Mark Henderson -
Pages:
9
We maintain our Buy rating on Nighthawk Energy and 7p target price following encouraging recent developments, particularly on funding and progress with the Arikaree Creek Waterflood Pilot project, which demonstrate the strong support of existing shareholders and the quality of the underlying assets. Nighthawk has an attractive portfolio of low-cost, conventional production and development assets in the Denver-Julesberg basin, one of the more underdeveloped hydrocarbon provinces remaining onsh