Nighthawk 'profitable at $40 oil'

US junior Nighthawk Energy is planning to drill a new inventory of low-cost conventional exploration and development oil wells that it says can turn a profit even if US crude prices sink as low as $40.

Market effect: Nighthawk says its operations are less vulnerable to low price environment
Market effect: Nighthawk says its operations are less vulnerable to low price environment
Published 9 December 2014, 10:19Updated 30 January 2015, 10:02
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