Nighthawk (AIM: HAWK) announced an update on its drilling program at its 75% owned, operated project at Jolly Ranch in the Denver-Julesburg Basin, Colo.

Installation work to bring the John Craig 6-2 well onto permanent production has been completed. A large pump has been installed together with additional storage tank capacity. The well was brought back online and there will be an update on production levels once the well has settled down.

Prior to being taken offline for the installation work, the well performed strongly under natural flow conditions, producing 1,349 b/o over a continuous period of three days.

Pike's Peak Williams 4-30

The Pike's Peak Williams 4-30 well has been successfully drilled on schedule to a target depth of 7,900 feet. The well has been logged and cased and a section of the Cherokee formation perforated in preparation for production-testing, which will commence in the next few days.

Knoss 6-21

Drilling of the Knoss 6-21 well has progressed on schedule, and is currently approaching the planned target depth of 8,400 feet. This is the third well in the drilling program and is being drilled on a well-defined horst structure with the primary objectives of the Cherokee and Marmaton formations. As with the other wells in the program, there are attractive secondary targets in the well. Logging and casing of the well is expected to take place this week.

Steamboat Hansen 8-10

The Steamboat Hansen 8-10 is the fourth well in the drilling program. It is located in the most northerly acreage operated by Nighthawk and in an area where there has been minimal drilling activity. The well is planned to evaluate the Cherokee and other formations in this area and, if successful, would open up significant new drilling opportunities in an area over 35 miles to the north of the current Jolly Ranch core area.