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.

topped up also

I'm waiting to see if Inst's start to panic and offload some, I feel that there is going to be a second wave of downturn before a proper recovery. Its all over-reaction anyway, good luck all.

Yep, managed a few more from 32-33. Seems pretty shrewd move by HAWK and RF, oil prices now mean the deal looked worse every dollar it rose. What t1ts SS are shafting AST like that. HAWK is clearly recovering (and how!) but AST look very wounded - how will they strike a deal with anyone again?

Yep ! jumped in as well, not sure which way market is heading though !.

Alternatively perhaps SS had second thoughts about the value of 20% of Jolly Ranch.

Is this yet another example of pumping up the sp with announcements of potential deals?

maybe and maybe not but certainly money to be made this morning for the nimble .... still hold my base, but was in/out with 50% more and a tasty profit

u bought at 40 something pence recently when it fell......as did hyleo.....lol at hyleo he always gets it wrong.....back to his homework tonight

yes i did and never mind telling the truth .... this morning, i bought at 29.5 and sold about an hour later at 34.5, so one way and another pretty contented .... i also sold some others within the last 7/10 days but can't remember at what price nd can't be bothered to check

wasnt having a go at u cynic......its still hard going in stock market but better than recent year or so.....just wish some good news from buchanan or something would get this share to 50p plus again.....i believe in it but this will be a medium hold i believe but i dont mind

Nighthawk sells interest in Centurion project
Business Financial Newswire
Nighthawk Energy has sold its 50% interest in the Centurion project to Osceola Hydrocarbons for $5m in cash.

In addition, Nighthawk will be paid an annual royalty equal to 5% of the gross oil and gas revenues from the Centurion project received by Osceola.

The Centurion project is located in Sumner County, Kansas, and covers approximately 15,000 acres.

Development at Centurion has been relatively restrained due to Nighthawk's focus being directed at Jolly Ranch and the Waterflood projects.

It's a corporate governance nightmare!
Conflicting interests, lack of independent Directors, excessive levels of remuneration etc

Read all the nasty facts at www.investorschampion.com

$5m for the sale of 50% must be short of cash. When are they going to release some actual production figures?

At least there's no chance of this deal falling through.

In fact in the header Centurion was purchased for 150,000 for a 50% stake.

HAWK have just sold this for 3.125 million approx keeping a 5% royalty on all further prodution at no cost to themselves. If thats not good business then I don't know what is.

Their 5% royalty amounts to 3.5 approx per barrel at current rates for no cost.

true, but $5m (NOT 5m) is still peanuts

Its still a 20.8 bagger on cash with an income to boot.

oily the real question is how many barrels of oil is all this investment actually producing for sale?

HAWK are already producing, though in pretty small amounts.
the management say there is much more potential, but as of now, they still have to prove that

The website dosn't give rates other than they are producing oil from two wells and gas from another.

To a certain extent its irrelevant what the rates are as its positive cashflow in at no expence to HAWK.