Sale of Colorado venture may be worth $40M for Nighthawk

06/2/2009 | Reuters

Nighthawk Energy may get as much as $40 million from selling its 50% stake in the Jolly Ranch hydrocarbon production and development project, which is based in Colorado, to Swiss-based San Severina Holdings. Running Foxes Petroleum, which operates Jolly Ranch, holds the remaining 50% stake.

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