US-focused Nighthawk Energy said a hearing to consider its proposed water flood project in Colarado has been delayed.
The company has received formal notification from the Colorado Oil and Gas Conservation Commission has been moved from 26 January to 7-8 March.
The continuance was made in order to allow the commission staff more time for further review of the information submitted, for the company to submit a final plan of development and to allow for a response by the parties contesting the application.
The company says: “As is common in these hearings, the application is being contested, however, the company and its lawyers are confident that it has a strong case and expect that the project will be approved.
“Two points of protest, a motion to dismiss the company’s application and a motion to exclude evidence, were ruled in the company’s favour and denied by the COGCC.”
The company completed negotiations with its banking partner, Commonwealth Bank of Australia, last week, resulting in a series of amendments to its reserve based loan. covenants.
For more on Nighthawk, click here.
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