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Article: United States: Nighthawk sells Kansas project stake for $5 mln.
- Article from:
- TendersInfo
- Article date:
- July 1, 2009
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Byline: prashant03
U.S.-focused energy company Nighthawk Energy Plc (NGTE.L) said on Tuesday it sold its 50 percent interest in the Centurion project in Kansas to Osceola Hydrocarbons Ltd for $5 million in cash.
The company, however, said it would retain a 5 percent royalty on the project.
Development at Centurion had been relatively restrained due to Nighthawk's focus on its Jolly Ranch project in Colorado and waterflood projects in the United States, the company said.
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