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magazineNighthawk soars on farm-out deal
Shares in small cap oil and gas play Nighthawk Energy (HAWK:AIM) have risen to 0.35p after it secured a new partner on its Monarch project.
A Denver-based privately held firm is set to take up to 80% of the project in return for meeting the drill and production test costs of a well and making a separate payment of $160,000.
The company’s shares fell sharply earlier in 2017 as its financial position came under scrutiny.
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