Nighthawk remains jolly 09/02/2012
US-focused Nighthawk Energy is launching a $7.5 million program to invest in its Colorado-based Jolly Ranch project.
Jolly Ranch deal for Nighthawk
Swiss investment group San Severina Holdings is buying into US-focused Nighthawk Energy’s Jolly Ranch project in a £25 million deal.
AIM-quoted Nighthawk, which is one of the exhibitors at next Wednesday’s Growth Company Investor Show at the Barbican Centre in London, and its US partner, Running Foxes Petroleum, are selling 10 per cent each of the 282,000-acre Jolly Ranch project in Colorado. Ascent Resources, another AIM counter, will manage San Severina’s interest in the project.
Floated at 25p two years ago, Nighthawk shares have swung between 110p and 22p over the past year and now stand at 43.25p. That values the company at £115 million and offers scope for further improvement.
If you want to learn more about Nighthawk and other growing companies, you can meet them at the Growth Company Investor Show. The programme also includes free seminars on investment strategies, hosted by fund managers and other leading investment industry figures.
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