The following correction has been made to the Production Update announcement released at 7.00 a.m. on 24 January 2017 under RNS 9027U. The 2016 YTD Daily Averages should have been calculated as 1,317 (gross) and 1,075 (net), and not 1,439 and 1,174 respectively, as previously stated. All other data, including total production figures, remain unchanged. The full text of the corrected announcement is shown below:

NIGHTHAWK ENERGY PLC

('Nighthawk' or 'the Company')

Company Update

Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), announces an update to current and annual production levels.

Production Update

Gross and net* production, in barrels, for the twelve months of 2016 is summarised below.

Monthly

Daily Average

Gross

Net

Gross

Net

2016

2015

2016

2015

2016

2015

2016

2015

January

43,961

63,606

36,017

52,183

1,417

2,052

1,162

1,683

February

40,378

55,976

33,053

45,843

1,407

1,999

1,153

1,637

March

42,720

59,382

34,942

48,688

1,314

1,915

1,078

1,570

April

40,704

59,919

33,319

49,136

1,357

1,997

1,113

1,638

May

40,780

59,406

33,410

48,710

1,302

1,916

1,068

1,571

June

40,248

54,556

32,916

44,646

1,356

1,815

1,112

1,488

July

43,045

56,116

35,162

46,018

1,382

1,810

1,133

1,484

August

42,759

53,863

34,885

44,171

1,379

1,738

1,125

1,425

September

38,551

48,982

31,459

40,161

1,285

1,633

1,049

1,339

October

39,671

49,724

32,246

40,769

1,280

1,604

1,040

1,315

November

33,317

46,581

26,990

38,108

1,111

1,553

900

1,270

December

35,985

46,068

28,885

37,727

1,161

1,486

932

1,217

YTD

482,119

654,179

393,284

536,160

1,317

1,953

1,075

1,600

During November 2016, certain wells were not in production as they were being worked over in conjunction with the Arikaree Creek Pilot water flood project. As shown in the table above, production had resumed on those wells in the second half of December.

*Net production is based upon Nighthawk's Net Revenue Interest of approximately 82%

Chuck Wilson, Chief Operating Officer of Nighthawk, who has over 33 years of experience in the oil and gas industry and meets the criteria of qualified persons under the AIM guidance note for mining and oil and gas companies, has reviewed and approved the technical information contained in this announcement.

Enquiries:

Nighthawk Energy plc

Rick McCullough, Executive Chairman

+1 303 407 9600

Kurtis Hooley, Chief Financial Officer

+44 (0) 20 3582 1350

Stockdale Securities Limited

+44 (0) 20 7601 6100

Richard Johnson

David Coaten

Nighthawk Energy plc published this content on 26 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 January 2017 07:07:05 UTC.

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