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Nighthawk Energy plc - Jolly Ranch Project
07-06-2010
Nighthawk Energy plc
("Nighthawk" or "the Company")
Jolly Ranch Project
Nighthawk, the US focused hydrocarbon development and production company (Tickers: AIM: HAWK and OTCQX: NHEGY), is pleased to announce that, in conjunction with Running Foxes Petroleum Inc. ("Running Foxes"), it has engaged Macquarie Tristone (Houston), to seek a purchaser for part of the working interest in the Jolly Ranch Project in Colorado.
Nighthawk and Running Foxes currently each hold a 50% working interest in the Jolly Ranch project. The percentage working interest to be divested, which is likely to be an equal amount from each of the two partners, will be determined during the marketing process.
Macquarie Tristone has commenced the marketing programme and, although there is no guarantee that a suitable partner will be identified, initial feedback is encouraging. Further announcements will be made as appropriate.
Enquiries:
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Nighthawk Energy plc
David Bramhill, Managing Director
Tim Heeley, Commercial Director
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01271 882160
07956 525433
020 7887 1453
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Westhouse Securities Limited
Tim Feather
Matthew Johnson
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020 7601 6100
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Matrix Corporate Capital LLP
Louis Castro
James Pope
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020 3206 7000
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Bishopsgate Communications
Nick Rome
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020 7562 3395
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Financial Dynamics
Ben Brewerton
Ed Westropp
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020 7831 3113
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