Nighthawk Energy plc (HAWK)

Nighthawk Energy plc (HAWK)

Blog posts

Forward Selling: A Crime Against Shareholders?

Roger has recently written about the censure of Cornhill Capital, in the matter of New World Oil & Gas. The full censure notice, setting out the gory details of the case has been published here: http://www.londonstockexchange.com/traders-and-brokers/rules-regulations/change-and-updates/stock-exchange-notices/2017/n0117.pdf This case centres around the practice of "forward selling", a practice which is not unusual at present. So, what is forward selling? Forward selling occurs when a company agrees to issue shares to a third party and that third party sells those shares in the market, prior ...

AGM Reports

Nighthawk Energy (HAWK) AGM 2014

I attended Nighthawk’s AGM on 2nd June, held at the offices of their PR adviser, FTI Consulting. Background Nighthawk’s situation is an interesting one. It is an oil E&P company which went through an initial period when its management achieved little, apart from building a substantial land position, mainly in Colorado, and spending a lot of shareholders’ funds on exploration, which resulted in negligible production. There was then a change of management, and I reported on the new management at the first AGM since their appointment here: https://www.sharesoc.org/agm-reports/nighthawk-energy-hawk-agm-report-2011/ I ...

Nighthawk Energy (HAWK) AGM Report 2011

Introduction and Background Nighthawk's AGM was held at the offices of FTI Consulting (fka Financial Dynamics), their PR advisers, earlier today. Around 8 private investors attended, including well known ADVFN posters ciao4niao, dorset64 and ShareSoc and TMF luminary, carmensfella. There have recently been numerous board changes at Nighthawk: 14th June, Richard Swindells appointed to the Board as CFO 8th September, Mike Thomsen replaced by Stephen Gutteridge as Chairman 20th October, Mike Thomsen (MT) steps down from the Board but remains as President ...