Company Overview A Premier Eastern DJ Basin Pure Play Company Overview LTM INDEXED SHARE PRICE PERFORMANCE Nighthawk Energy Plc (Nighthawk or the Company) is an 105 AIM listed company engaged in the exploration, development 95 and…
Company History A Premier Eastern DJ Basin Pure Play Company 2012: 1st Mississippian discovery 2014: 2nd Mississippian in the Eastern DJ basin discovery in the Eastern DJ basin 200711: Nighthawk builds US 2010 - 2011: Nighthawk…
Nighthawk Strategy Long Term Strategy Grow organically through balanced development and exploration Focus on Spergen on structure; stacked pay; possible horizontal on structure and off Production and revenue growth allows for…
Nighthawk Positioning Nighthawk is a particularly attractive investment in todays markets (NEAR TERM) Lack of drilling and news caused price to underperform Strong balance sheet with recent capital raise No debt principal payments…
Mississippian Vertical Well Economics A Premier Eastern DJ Basin Pure Play Company Assumptions Type Curve WI/NRI 100% / 82% Bbls/d Type Curve Initial Production (Bbls/d) 250 Well Spacing 40 acres/well 1,000 % Oil 100% Depth 8,000…
Single Well Economics A Premier Eastern DJ Basin Pure Play Company Drilling Inventory Well Economics 50 and 60/Bbl WTI Potential Drilling Locations IRR 200 200% 140 150 191% 100 100% 71 52% 112% 50 0 0% 27% Pennsylvanian…
Operations Update 9
Regional Competitor Map N E W OP E R A T OR S I N T H E A R E A MAJOR OPERATORS IN THE AREA Surrounded by multiple public and private operators in Lincoln County Anadarko Petroleum Corporation position lays in the middle of…
Land Position A Premier Eastern DJ Basin Pure Play Company Commentary Nighthawk Acreage Majority acreage position doesnt expire until 2018 or beyond 351,826 gross acres and 186,224 net acres 21,985 net acres within the…
Infrastructure And Marketing A Premier Eastern DJ Basin Pure Play Company Marketing and Midstream Asset Overview Arikaree Creek Field Operations Map Oil is gathered into 11 tank batteries with multiple wells grouped by common…
Asset Overview A Premier Eastern DJ Basin Pure Play Company ASSET OVERVIEW ASSET MAP Highly concentrated position of 186,000 net acres in the core of the emerging oil-rich Eastern DJ basin Arikaree Creek Field Majority of…
Strong Growth Potential A Premier Eastern DJ Basin Pure Play Company ASSET OVERVIEW STRUCTURAL TREND Extensive running room for further discoveries on the structural trend The Company controls majority of acreage on potential…
Update on JDAs Monarch and El Dorado JDAs We initially saw 6-7 potential pop up features in Monarch using regional 2D 3D results indicate as many as 10 such features with potentially 55-65 Spergen drilling targets See evidence…
Monarch JDA and Producing Nighthawk Assets The Monarch feature is a Arikaree Creek prolific Spergen target high on structure Horst Block - Fault Keystone bounded on both sides of structure (four way closure) Snowking…
Geophysical Process Progressed from use of regional 2D to the point where now we have over 162 square miles of 3D on structure covering over 35 miles 2D for prospect identification; 3D for drilling Over 70 potential Spergen…
Arikaree Creek Waterflood Opportunity Final Reservoir Model estimates that there is a total of 16 million barrels of oil in place in the Spergen zone in Arikaree Creek Estimates of recoverable oil being determined; rock fluid sweep…
Investment Highlights A Premier Eastern DJ Basin Pure Play Company Highly concentrated core acreage with 186,000 net acres in oil-rich Eastern DJ basin High Quality Two successful discoveries to date Arikaree Creek and Broken Spear…
Sum of the Parts Valuation Asset Amount Metric Valuation Range Per Share Valuation Range Low High Low High Low High Flowing Production Multiple 1,599 net BOE/day 50,000/BOE - 70,000/BOE 79,950,000 111,930,000 0.08 0.12 PUD, PDNP,…
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