Nighthawk provides an update on drilling and development at its 100% controlled and operated Smoky Hill and Jolly Ranch projects in the Denver-Julesburg Basin, Colorado.

Highlights

• Two well drilling program underway at Smoky Hill with Big Sky 4-11 well spudded on 17 April 2013 • Taos 1-10 well, also at Smoky Hill, to be drilled immediately after Big Sky 4-11 • Both wells planned as development wells to increase production and reserves at the newly named Arikaree Creek oilfield, discovered by Nighthawk's Steamboat Hansen 8-10 well in October 2012 • Further geoscience analysis of 2012 drilling and logging results has confirmed the stacked pay potential across Nighthawk's acreage with at least ten stratigraphic targets covering both shale/carbonate resource and conventional opportunities • Increased third party drilling activity across southeast Colorado continues to demonstrate the widespread nature of the stacked pay opportunity

Tags: Nighthawk Energy plc