Releasing their unaudited interim results for the six month ending 30 June, Nighthawk Energy reported a slight fall in oil sales, production and total revenues.
Group total revenues for the first half of this year saw a drop from $9.4million to $8.7million.
Nighthawk claim this is due to lower hedging profits and sales volumes, which has been offset by a higher realized sales price.
The company also saw a significant dip in oil sales for 2017, down 272,234 barrels of oil on last year’s sales.
Last year Nighthawk Energy reported cash balances of $3.2million in comparison to $1.2million for August 2017.
Oil production was also down on last year, due to no new drilling activity and normal reserve decline, Nighthawk claim.