Nighthawk Updates on Sale of Interest in Jolly Ranch Project


Jolly Ranch Project
(Click to Enlarge)

Nighthawk Energy has announced an update on the sale of an interest in the Jolly Ranch project (the "Sale").

The Sale by Nighthawk Production LLC, a wholly owned subsidiary of the Company, and Running Foxes Petroleum, Inc. will be subject to a Purchase, Sale and Option Agreement, the terms of which have been agreed between all parties.

The Sale will comprise an aggregate 20% interest in the core Jolly Ranch project which covers 50,000 net acres, and a series of options over a 20% interest in the remaining 232,000 net acres of the wider Jolly Ranch project, including Middle Mist and Mustang Creek. Nighthawk Production LLC and Running Foxes Petroleum, Inc. will each sell and grant options over a 10% interest in the project.

Completion of the Sale is scheduled for mid-May 2009 and further details will be announced at that time.
 

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Construction Contracts Analyst
Expertise: Contracts Administration|Legal
Location: Alpharetta, GA
 
Senior Construction Contracts Manager
Expertise: Construction Manager|Legal
Location: Alpharetta, GA
 
Asset Analyst
Expertise: Accounting|Asset Management|Financial Analyst
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $53.87/BBL 0.48%
Light Crude Oil : $50.73/BBL 0.79%
Natural Gas : $3.33/MMBtu 2.14%
Updated in last 24 hours