So, after a nice run up in the SP today (surely not any leaks?) we have an announcement that the partners are looking to sell part of the WI in the Jolly Ranch Project:
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.
