Nighthawk Energy boss expects oil company to be sold in two years

The head of Nighthawk Energy, an Aim-listed North America-focused oil producer, believes that the company could be sold to a major rival by 2012. Its managing director, David Bramhill, said: "Our aim is to be a mid-tier company [worth more than $1bn from around $215m today] within two years. Alongside this we might be bid for by a major player given our assets are just the sort of packages that they would be after."