British Energy Company Buys Stake in Niobrara

In another indication that Colorados Niobrara is attracting global interest, London-based Nighthawk is increasing its focus in U.S. shale plays with the announcement that it has entered an agreement with Running Foxes Petroleum (RFP) to acquire an additional 25% interest in the Jolly Ranch project in the Denver-Julesburg Basin.

The energy company will pay RFP more than $12 million in cash and stock in exchange for the 25% stake and operatorship of the project.

“This acquisition will propel Nighthawk to a position of majority partner and operator of a potentially major early stage US shale oil play, with funding available to press ahead with further development,” Nighthawk chairman Stephen Gutteridge said.

Nighthawk’s first phase of development as operator will target the Cherokee formation as well as test the Niobrara formation in the north of the acreage.

Its proposed work program will involve workovers on a selection of existing wells, seismic check shots and reinterpretation of existing 3D seismic surveys and the drilling of five new wells.

Following the completion of the acquisition Nighthawk will own a 75% interest in the Jolly Ranch project and said RFP had signed a separate letter of intent and was in exclusive discussions with an unnamed third party to sell its remaining 25% interest by 30 April next year.

Nighthawk also announced on Wednesday it was planning to raise up to $6.6 million through an open stock offering.…

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Tom Cruise Explains Why Hes Moving to Pleasanton, California

TOPICS:Tom Cruise Pleasanton California

Tom Cruise

photo by Georges Biard / CC BY-SA 3.0

PLEASANTON, California In a big surprise to everyone in Los Angeles, Hollywood actor Tom Cruise reveals in a new interview that he is moving to the Pleasanton, California area. He tells the magazine that he is tired of the L.A. lifestyle and is looking for a big change in life.

Im just tired of the L.A. lifestyle and the fake people, honestly, and I feel like, at this point in my life, Id rather just live in a place full of real, genuine people. Ive been to Pleasanton a few times over the years and the people there are real theyre genuine, and yeah every community has its problems but the people there are good, decent people and they care about their community. Those are the things I find most important in deciding where to live, Cruise told the magazine.

Im not retiring, Im just looking for a change in life and I think Ive found that in Pleasanton, Cruise reassured fans in L.A. Let us know what you think in the comments section below especially if youre a resident of the Pleasanton, California area.…

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