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.

lol.....going up already....in a couple of weeks even higher i'm sure

u r a total amateur dealer, you buy if goes up a fraction then sell but if sp goes down u r stuck and then plummets u r screwed just like vyke

i've bought and sold hawk many times in past - some of my posts still here i believe - at good profits - i am in again wont leave till 60 or so but expect within 12 - 18 mths 150+ easily from my research good luck all

Now that they are drilling, they should be bringing one well after another into production, it will take time but the sp will move northwards bit by bit.

rf wait for their results due this month to find out how much they are actually producing.

Probably not much but this will improve.

Anymore news on the takeover mentioned in the Times?

Takeover ?....please more info...lizard...

There was some news in the Times last week refering to Nighthawk being a bid target.
All speculation unless an RNS comes but some guy on ii mentioned it before the media reported it,
reckons 90p offer on the table but conditional on the Jolly Ranch Craig15 well.

I've looked into this myself as one-bitten twice-shy.

There are no bids or talks at this time, none whatsoever.

And that is from someone who WILL know.

Some are too keen to shore-up their spreads I imagine.

GreatRNS, progress good, no need for fake bid nonsense.

agreed gnash - i am sure in time there will be a bid for hawk even if not now - but without a current bid hawk will continue to do well anyhow - hawk's intention is to sell in time at the right price so it will be bid for in time - that is no secret - good rns also - not surprised quiet for the moment - give it a day or two - but i am in longer term anyhow - GL

i suppose if you get enough wells producing +/-100 bopd you eventually end up with something worthwhile, but today's rns does (should) not set anyone's heart racing

you speak for whole world as usual it seems cynic

market says correctly so .... 34.0/34.25 = no change from friday

ditto!

cynic, the news is excellent to those in the real world, who know a standard waterflood over such a large area is a rather slow process. It looks all the more so to people who don't really understand the oil business, yet hear of 'gushers', '000's of barrels a day' in companies like GKP. Of course, there is simply no comparison, pure chalk and cheese, even though the waterfloods may end up far more profitable.

I think the new reservoir is a pleasant and unexpected bonus, very interesting, as the primary rate over just three wells is outstanding. I think there will be much more to say on this in the very near future - clearly just enough was said about it for legal purposes of the rns.

It really is a case of this week or next (imho) for the first ideas of just what the JR project is capable of delivering on a fracced sideways drill. I have a figure in mind but I will resist lest be called a ramper. But if it does go the way I suspect then it will change everything, as the worry over how much will actually extract commercially from the huge JRP field will be tentatively pointed to enough for fence-sitters to invest.

Pretty poor results for a company with a market cap of around 90m. Revenue of only 300k admin expenses over 1.5m, directors doing very well shareholders not so well!

stick to ur building society halifax.....are u the speccy chap?

seems you and cynic wrong on this but nothing new here......market now up almost 10% since news this week

http://www.growthcompany.co.uk/news/1080047/nighthawk-expands.thtml

speaks for itself - & agree with you marni

Look at the intangible figure in their balance sheet and then you might realise how much their farm land is really worth. Unless of course they manage to produce a few buckets of oil!