Rich McCullough, executive chairman of Nighthawk Energy (LSE: HAWK), presented today at EnerCom’s The Oil & Gas Conference® 20.
Nighthawk Energy is among the leading independent oil and natural gas companies operating in the Denver – Julesburg Basin of Colorado. The company’s common shares are publicly listed on the London Stock Exchange despite its assets being in the U.S.
In an operations and production update, the company reported that nine structural features in the conventional Mississippian age horizon were verified through final processing of seismic data with 55-65 potential drilling locations. Average gross production in the first half year of 2015 is 1,950 BOPD, greater than fiscal 2014’s gross volumes of 1,909 BOPD.
During the company’s breakout session, management was asked the following questions:
- Have you thought about using seismic on any of the JDA (joint development agreement)?
- Do you see variation in your GOR’s cross average? Will you proceed with any gas gathering projects?
- Is your drilling over-balanced or under-balanced?
- You said you have 400 square miles of the 3D imaging tests. Are they modern or old fashion?ed
- What’s your strategy for future development?
- In your presentation, you said you have two separate JDAs; One operated by Cascade, and one by Nighthawk. What is the relative size of these two JDAs? Are they different geographically?
- Do you expect to drill more horizontals in the Mississippian?
