Nightmare becomes a dream-we think not!

Shares in the US focused shale oil development and production company (currently little production!) soared yesterday apparently due to a short, yet bullish, article in the Times. We aren’t sure if the Times correspondent has any specialist knowledge of oil development in the Denver-Julesburg Basin of Colorado but the words certainly did the trick. Our June 2009 commentary on Nighthawk Energy (“An AIM corporate governance nightmareŔ), written when the share price was 36p resulted in a huge response from all quarters. Since then the share price has fallen off a cliff (currently 4.65p), former management has departed, new funds raised......