17 March 2010

Nighthawk makes gas find

19/02/2009 Robert Tyerman

US-focused Nighthawk Energy says it has made a ‘significant’ gas discovery at the Devon Oilfield in Kansas.

The Bristol-based company, whose other interests include the promising Jolly Ranch oil and gas field in Colorado, reports testing the Graham 6-36D-3 well in the Devon field resulted in a flow of 627,000 cubic feet of gas a day. AIM-quoted Nighthawk, steered by the entrepreneurial David Bramhill, has hooked the well to a local pipeline and is now delivering 160,000 cubic feet to be sold into the market.

Nighthawk holds 80 per cent of the project and Foxes Petroleum Inc., the operator, has the remaining 20 per cent. Nighthawk shares, floated at 25p two years ago, hit 114.75p last May before turning south and now stand at 24.5p, valuing the company at £65 million.

Save 50% off your first year’s subscription to Growth Company Investor magazine, and gain immediate access to all the recommendations online. Click here.

Sector: Oil & Gas Producers

Companies: Nighthawk Energy

Subscribe today

£7,277

That’s what you would have in your portfolio if you had invested £6,000 into the six Company Watch recommendations in our April 2009 issue.

Subscribe now and receive a 50% discount

AIM in Review 2010

Growth Company Investor, in association with the London Stock Exchange, presents the most wide-ranging and detailed examination of the AIM market: AIM in Review 2010. For more information and to order, click here or contact our marketing team on 020 7250 7056.

Directors' Pay on AIM 2009 – ­ a Growth Company Investor publication in association with Deloitte

The report reveals the top-earning chief executives and remuneration levels at AIM's most profitable and fastest-growing companies. It also examines constituent parts, including basic salary, bonus, pensions, benefits and share-based payments. To order click here.

Free – Latest Stock Recommendations

Free access to the latest AIM stock recommendations and news from the award-winning Growth Company Investor team. Receive our tips on what stocks to buy direct to your inbox every Tuesday and Friday. Find out more today.

Select your level of risk and we select the funds

Cautious? Positive? Adventurous? Choose between three levels of risk for a fund of funds from Sharefunds, our sister company. Click here for more information.

The AIM Guide 2009/10

The brand new, fully updated AIM Guide 2009/2010 is now available to purchase. AIM Guide is the only fully comprehensive guide to AIM and is regarded as 'must-have' for any serious investor or professional interested in the market for young, fast-growing companies.   Order your copy today and benefit from a £10 discount!

VCT Special Report 2009

This report's principal aim is to provide business owners seeking funding with information about the amount of funds that VCTs have to invest. Click here for more information.

Cash Shells Special Report 2009

Business XL, the award-winning monthly magazine for growing companies, is delighted to announce the launch of a new study on cash shells. The research provides a comprehensive overview of cash shells on AIM, companies that have become a significant feature on the AIM landscape. Buy the Cash Shells 2009 Research Report today or email Halid Delkic to obtain a free two-page abstract.

Latest small-cap and growth company news

Daily coverage of small-cap company stocks on London's junior markets AIM and PLUS, breaking news, stock research and latest share price information for investors. Full sector coverage with all the latest news on smaller listed companies, updated several times a day with financial reports, trading statements and links to further web resources.

Popular News

Latest News

West African hopes cheer Forte 16/03/2010

Forte Energy expects new uranium resource figures for its Mauritanian projects shortly and could start producing from Guinea by 2012.

Tags: AIM , Commodities , Deals & contracts

Sector: Mining

Companies: Forte Energy

Axiom taking developer to PLUS 16/03/2010

Cretan Group, with ambitious tourism projects in Crete, is poised for an introduction to PLUS-quoted. 

Tags: Boardroom moves , New Issues , PLUS Markets

Sector: Real Estate

Rheochem raises £1.6m 15/03/2010

Oil and gas services, production and exploration concern Rheochem is tapping AIM with a 5p placing for a North Sea project.

Tags: AIM , Commodities , Fundraisings

Sector: Oil & Gas Producers

Companies: Rheochem

More News

Sectors

Vitesse Media Events