News

15 februari, 2017

Update re Operations and Year-end Reserves

15 February 2017

NIGHTHAWK ENERGY PLC  (”Nighthawk” or ”the Company”)

Company Update
Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), announces an update to operations, year-end reserves and cash position.

Year-end Reserves Update
The Company has finalized its year-end reserve report and has received the audited Proved Developed Producing reserve report from the Company’s independent reserve engineering firm, Ryder Scott Company LP under SPE standards. The reserves were estimated using current production, anticipated decline curves, actual operating costs and future NYMEX prices ranging from $56.11 to $58.10

The reserve volumes, in barrels, are presented below:

31-Dec-16                                31-Dec-15
Audited

Proved Developed Producing (PDP)                                                     1,101,144                                 1,405,800
Proved Undeveloped (PUD)                                                                      442,063                                               0
Total Proved Reserves (audited)                                                            1,543,207                                 1,405,800

Probable Reserves                                                                                      1,800,00                                  1,423,015
Possible Reserves                                                                                          545,000                                   807,000
Total 3P reserves                                                                                       3,888,207                                3,635,815

 

Although the Company did not perform an audit of Probable and Possible Reserves at 31 December 2016, it is management’s opinion that the reserve amounts shown above accurately reflect the Probable and Possible reserve values as of 31 December 2016. The increase in Probable Reserves from 31 December 2015 is primarily due to improved response estimates and reclassification of reserves from the Possible Reserves classification due to the commencement of the water flood pilot project. The methodology used by the Company to arrive at 31 December 2016 Probable and Possible reserves is the same methodology as its independent reserve engineering firm.

The increase from prior year total Proved Reserves is due to reserves associated with Proved Undeveloped category which were deemed uneconomic at 2015 year-end pricing. Based upon current pricing as of 31 December 2016, certain PUDs are now economic and have therefore been included in the above table. The decrease in Proved Developed Producing, which is net of 2016 annual production of 482,119 gross barrels, is due to annual production consistent with expected normal decline curves.

Operations update

Water flood
As reported on 3 January 2017, the Company has commenced injection into both of the water flood pilot project injection wells. It is anticipated that as the injected water fills existing pore volume, consistent with normal nature of water flood projects, a measurable response will be seen. The Company expects this response to be during the second quarter 2017. As such, the incremental volumes expected from the water flood pilot project have not been included in the PDP reserves above but remain as Probable Reserves at the year-end. Once adequate response and evidence is seen as to the response, the reserves are expected to begin being reclassified to PDP.

Production
Total production for the month of January 2017 was approximately 43,595 gross (35,544 net) barrels as compared December 2016 production of 35,985 gross (28,885 net) barrels. The increase in production since December 2016 is due to the successful completion of a new zone in the Monarch 10-15 well, together with bringing wells back in production that were suspended during the installation of the water flood pilot project.

Year-end Cash Balance
As of 31 December 2016, the Company’s cash balance was US$5.6 million, of which approximately US$1.2m is committed for expenditure on the Arikaree Creek water flood pilot project. Total expenditures for the water flood pilot project are estimated to total $3.5 million. Based upon current projections, the Company will have adequate cash reserves to maintain its current normal operating activities through 2017.

Chuck Wilson, Chief Operating Officer of Nighthawk, who has over 33 years of experience in the oil and gas industry and meets the criteria of qualified persons under the AIM guidance note for mining and oil and gas companies, has reviewed and approved the technical information contained in this announcement.

Enquiries:
Nighthawk Energy plc
Rick McCullough, Chairman +1 303 407 9600
Kurtis Hooley, Chief Financial Officer +44 (0) 20 3582 1350

Stockdale Securities Limited    +44 (0) 20 7601 6100
Richard Johnson
David Coaten


8 februari, 2017

Catella’s new parking fund makes its first investment in Copenhagen

Munich-based investment manager Catella Real Estate has acquired a parking
garage with 360 parking spaces in Copenhagen for its newly launched open-ended
real estate special AIF, Catella Parken Europa. The property is leased to the wellknown
car park operator Apcoa on a long-term basis.
The parking garage at Nyropsgade 6 in Copenhagen is located on the edge of the city centre,
directly on one of the city’s major roads. The lease with the operator Apcoa was recently
extended by 10 years. The sellers of the property are private investors.
“Parking space comes at a premium in the Danish capital, so the occupancy rate of the centrally
located car park is very high,” says Henrik Fillibeck, Managing Director of Catella Real Estate.
Launched in December 2016, the Catella Parken Europa fund aims to attain an equity target of
EUR 200 million and will invest at least 70% in the core countries of Central Europe. The fund is
designed exclusively for institutional and semi-professional investors, who will be able to
participate from EUR 5 million and upward. The properties are being selected by Catella’s Dutch
partner Orange Investment Managers, which focuses on the acquisition and asset management of
parking garages in Europe.

For more information, please contact:
Press contact:
Dr Tim Schomberg
Head of Business Development Institutionals
+49 (0)89 189 16 65-25

Ann Charlotte Svensson
Head of Group Communications
+46 8 463 32 55, +46 72 510 11 61


8 februari, 2017

Arise AB (publ) ingår optionsavtal med rätt att förvärva Svartnäs Vindkraft AB

Arise AB (publ) har idag tecknat ett optionsavtal med Bergvik Skog om rätten att förvärva samtliga aktier i Svartnäs Vindkraft AB, vilket innehar rättigheterna till vindkraftprojektet Svartnäs (”Projektet”).
Samtliga tillstånd för Projektet har vunnit lagakraft och elanslutningen är säkerställd. Arise kommer nu att vidareutveckla Projektet med avsikten att sälja det vidare till en köpare när det är byggfärdigt. I samband med tecknande av optionsavtalet har en optionspremie utgått. Eventuell köpeskilling utgår till Bergvik Skog för det fall Projektet slutligt förvärvas av Arise.
Projektet är beläget i närheten av Arise hälftenägda park Jädraås och ligger i Faluns kommun. Projektets installerade effekt bedöms kunna uppgå till ca 100 MW. Siktet är inställt på att vindkraftparken ska driftsättas kring årsskiftet 2018/2019. Storlek och realisering av Projektet är beroende av en framgångsrik optimering och försäljningsprocess.
Att säkerställa rätten att förvärva Svartnäs följer Arise strategi att förvärva och utveckla attraktiva vindkraftprojekt för vidareförsäljning till externa investerare.
Utöver att säkerställa rätten att förvärva Svartnäs, har en överenskommelse träffats med Bergvik Skog om en förlängning av optionsrättigheten till projektet Skaftåsen, som Arise sedan tidigare innehar rättigheterna till.
”Vi är glada över att kunna säkra rättigheterna till Svartnäsprojektet. Projektet har kommit en bra bit på väg och vi hoppas kunna sälja det vidare till en investerare med framgång. Vi ser fram emot att arbeta tillsammans med Bergvik Skog för att realisera Svartnäs Vindkraftpark.”, säger Daniel Johansson, verkställande direktör, Arise.

Halmstad den 8 februari 2017

ARISE AB (publ)

För ytterligare information, vänligen kontakta
Daniel Johansson, VD Arise AB, +46 702 244 133
Linus Hägg, CFO Arise AB, +46 702 448 916
Denna information är sådan information som Arise AB är skyldigt att offentliggöra enligt EU:s marknadsmissbruksförordning.
Informationen lämnades, genom ovanstående kontaktpersoners försorg, för offentliggörande den 8 februari 2017 kl. 08:00 CET.
Om Arise
Arise är ett av Sveriges ledande företag inom landbaserad vindkraft med affärsidé att utveckla, bygga och förvalta landbaserad vindkraft i egen regi och för andra. Bolaget är noterat på NASDAQ Stockholm.
Arise AB (publ), Box 808, 301 18 Halmstad, tel. 46 35 20 20 900, org.nr. 556274-6726
E-mail: info@arise.se, www.arise.se


1 februari, 2017

Catella AB – Year-end Report 2016

1 February 2017  | Catella Group

In the fourth quarter, Catella’s total income increased by 7% to SEK 610 M (571) year on year. The growth is mainly due to increased assets under management and an increase in transactions in Property Funds and Wealth Management. The Group’s operating profit was SEK 84 M (110) in the quarter and the reduction in operating profit is mainly due to lower variable earnings. Even if variable earnings were down, Catella’s fixed earnings increased, both in the quarter and for the year.

Catella Year-end Report 2016

FOURTH QUARTER, GROUP
◾Total income SEK 610 M (571)
◾Net sales SEK 607 M (566)
◾Operating profit/loss* SEK 85 M(111)
◾Operating profit/loss SEK 84 M (110)
◾Profit/loss before tax SEK 80 M (128)
◾Profit for the period SEK 58 M (128), of which attributable to parent company shareholders SEK 37 M (123)
◾Earnings per share** SEK 0.45 (1.50)

FULL YEAR 2016, GROUP
◾Total income SEK 2,027 M (1,866)
◾Net sales SEK 2,007 M (1,853)
◾Operating profit/loss* SEK 263 M (261)
◾Operating profit/loss SEK 258 M (254)
◾Profit/loss before tax SEK 497 M (306)
◾Profit for the period SEK 356 M (272), of which attributable to parent company shareholders SEK 271 M (243)
◾Earnings per share** SEK 3.32 (2.97)
◾Equity** SEK 1,563 M (1,319)
◾Equity per share** SEK 19.09 (16.14)
◾The Board of Directors is proposing a dividend of SEK 0.80 (0.60) per class A and B share for 2015

* Before acquisition-related items.
** Attributable to parent company shareholders.

 

For more information, please contact:
Knut Pedersen
CEO and President
+46 8 463 33 10
knut.pedersen@catella.se

Press contact:
Ann Charlotte Svensson
Head of Group Communications
+46 8 463 32 55, +46 72 510 11 61
anncharlotte.svensson@catella.se


31 januari, 2017

Catella represented Guy Hands in the acquisition of McDonald’s Nordic operations

Catella acted as exclusive financial advisor to Guy Hands in raising financing for
the acquisition of McDonald’s Nordic operations. The parties have signed a
share sale and purchase agreement and agreed on the Master Franchise
Agreement. Mr. Hands will become the Development Licensee (DL) for the
Nordic markets.
The Nordic countries consist of approximately 435 restaurants, of which more than 95% are
franchised, and is the clear number one QSR (Quick Service Restaurant) operator in the region.
Financial terms of the transaction are not being disclosed.
Under the DL structure, McDonald’s plans to transfer its ownership interest in McDonald’s
Norway, Finland, Denmark and Sweden and grant a license to the DL to develop and operate the
McDonald’s restaurants in these markets. Mr. Hands will provide the capital necessary to support
and grow the business.
Guy Hands is also the Chairman and Founder of Terra Firma Capital Partners Limited.
His wife, Julia Hands, is the Chairman and CEO of Hand Picked Hotels, an award winning chain
of country house hotels based in the UK.
Julia and Guy intend to leverage their industry experience to further develop the McDonald’s
brand in the Nordic markets.
“We appreciate the trust and debt advisory mandate given to Catella by the Hands family. We
have been able to secure a long term, tailor made financing solution to our client by tapping into
the capital markets. Catella is well positioned for this kind of mandate in line with our DNA of
being the Link between Property and Finance,” says Jesper Bo Hansen, Head of Corporate
Finance at Catella.

For more information, please contact:
Press contact:
Jesper Bo Hansen                       Ann Charlotte Svensson
Head of Corporate Finance      Head of Group Communications
+45 33 93 75 93                           +46 8 463 32 55, +46 72 510 11 61