Nighthawk Seeks to Farm-Out Jolly Ranch Project

Nighthawk announced that, in conjunction with Running Foxes Petroleum, 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.