Pre IPO price 4p
Opening price on debut 25p
Floatation price 46p to raise 14million to extend Jolly Ranch
Current fair value estimate 114p
Market cap 70.59 million.
Value of Cisco Springs investments 98 million.
Value of Vogel investments 75 million.
Desparado trucking now Nightfox 250,000 for a 50% stake with partner Running Foxes.
Centurion Project Kansas, 150,000 for a 50% stake.
Jolly Ranch Colorado, 40,000 acres cost 356,000 for a 50% stake.
Cash in bank 7.75 million.

As this EPIC opens on AIM today anything could happen. On the one hand you have traders trying to cash in a sixfold profit. You will also have a clambering of traders after shares because, firstly they could only get 75% of their allocation because of demand. Secondly at 25p this company is still way under valued.

BUY HAWK at 43p...seriously undervalued now.

Says who?

omg......this muppet is back again......no info but just silly predictions which are usually wrong

some strange and arguably nasty things happening here ...... not only has sp bombed, but volume is 14m already against a daily norm of just 3.5m

the knife jugglers may perceive this is as a total anomaly and thus an excellent buying opportunity ..... and imo, they could well be right, but not convinced i want more

all quite curious ..... albeit far from 100% accurate, the trades shown on this site indicate buys/sells pretty much in balance and certainly IG's book still full.

pays yer money, takes yer choice

Could be the MM's trying to force price down to the intersection between 200 and 50 ma lines and now they are trying to kid you that the sp isn't going to rise again ie they want you to panic and sell.

That's the only explanation I can think of, unless there is a big seller in the market.

Not much production...that could be the problem.....!.

david bramhill doesnt have intention of that yet.....he's proving up the various fields and he needed money for that which he now has.

bad call yesterday cynic.....thankfully i bought in 20s so still chilled out.....still think thjis will be 60p plus in good time

Stopped out yesterday at 41p - Next support could be around 35p where I have my buy order. But of course I could be completely wrong, 40p is roughly a 50% Fib retracement, so may find support here. Price will tell us in due course.

yes marni, my buy at 49 was certainly bad timing, and even the further knife-catching attempt yesterday at 41.25 was a bit premature, but recovery seems to be underway, and volumes again are huge ...... strange selling yesterday; perhaps forced for some reason, but certainly clumsy

i can assure you david bramhill is VERY ANGRY AGAIN with share price and city reaction......he assures that jolly alone is 50p min from rns this week and thats without anything else.

41p is decent buy, actually in a few weeks it will be a good buy.

my advice is hold to this one as its not a share that will rocket, it sort of nudges up and down but now in uptrend this year

You are right, marni. I bought yesterday, now in profit.

also, he predicts 500 million to 1 billion $ company at LEAST........so i dont care what happens day to day

i bought these babies in the 20s

DB can get as cross as he likes, but a pretty infantile reaction it has to be said

silly statement cynic...........anyway db hates mm's etc. he was angry from last year but i doubt you know anything about the company even though you buy shares.

also, he is lot more powerful than your man and dog company......i assume the dog does all the work.

at the end of the day DB is merely CEO and does his and the company's image no favours at all by throwing his toys around .... as i said before, totally infantile

as for me, in many ways you are right, for i care not whether the company is into falconry or donkies ..... my only concern is to try to determine whether the share price is more likely to go up than down ...... if you are honest with yourself, you will concur that that is the whole (only!) point of buying or selling shares in the first place.

cynic that was a bad statement to make, calling DB that.
I expected more from you and hope you'll edit that off.
Nash.

The proof of the "pudding" will be when DB gets round to telling shareholders what actual production is being achieved not what so called experts think it could be.

gnash - no ... i meant what i said

halifax - or what DB would like us to believe on his say-so rather than hard facts

Nighthawk 'delighted' with Devon review results
Business Financial Newswire


Nighthawk Energy is delighted with the findings of Oilfield Production Consultants' independent technical review of of the Devon Oilfield.

Nighthawk has an 80% interest in the Devon Oilfield waterflood project, located in Bourbon County, Kansas, covering an area of 3,034 acres.

Running Foxes Petroleum is the operator and holds the remaining 20% of the project.

OTC estimates stock tank original oil in place over the entire Devon Oilfield project covering 3,034 acres is 26.25 million barrels based on Monte Carlo probabilistic calculations.

Managing director David Bramhill said: "We believe that the OPC study offers an excellent overview of the current position of the Devon project and highlights the rapid progress made during the last six months.

"We anticipate further positive news from the OPC technical study, currently underway on the nearby Buchanan Group, which has an acreage position ten times the size of Devon."