Nighthawk breaks revenue record

Nighthawk Energy, the Aim-listed oil explorer, announced yesterday that it had exceeded monthly revenues of $5m (£3m) for the first time. The firm attributed the boost in profits to increased production rates at two of its leading ranch projects in Colorado. The firm said it had achieved a record daily gross production from all wells of 2,326 barrels a day early last month. Average gross oil production was measured at 2,141 barrels a day for May.