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.

independent today: 'Another constituent with an interesting future is Nighthawk Energy. Shares of the US-focused oil and gas explorer and producer have been volatile this year with bear raiders on the prowl. There are now signs that short-sellers are retreating with the shares looking a little firmer.

With three share placings raising a total of 34.4m in less than a year it is, perhaps, not surprising that Nighthawk has a contingent of weak shareholders. The cash was needed for oil and gas developments and the balance sheet is now much stronger with around 20m in the bank.

The latest results could represent a new beginning, but shareholders are no strangers to false dawns. Still, with costs cut and production increasing, the yearly loss was reduced by 42 per cent to around 1.25m. With output likely to advance significantly from a range of energy prospects, there is a strong chance that the current year will show a break-even position, perhaps even a profit.

Observers believe the shares are dramatically underpriced. Stockbroker Hanson Westhouse has a 225p valuation and Growth Equities & Company Research is looking at 227p. I will be content if the shares hit their earlier peak of 116p. The portfolio paid 44p.'

Think I will buy Monday

Did everyone see the fabulous article in the Investors Chronicle on friday--page 43 about Nighthawk--a whole page devoted to the company with a BUY recommendation guys!

for all that, market seemingly just yawned disinterestedly

no such word"disinterestedly"
disinterested- means impartial or personal feelings
did you mean uninterested???

disinterested is just as apposite - i.e. the market had no particular feeling one way or another - aka impartial ..... but yes, uninterested would/could have applied equally .... happy now? .... and of course there is such a word as disinterestedly - it's the adverb!

Loik the Irish moight soay : when youay have hadd a point or two....dooes oit matterr ?

on reflection, a disinterested observer might observe that uninterestedly would have been more accurate, though it would not have provoked this interesting discussion!

Any AGM'ers from here?
I'm attending, I think this will be a corker of an AGM, maybe kill two birds and see a bit of London too.

Christ, nobody? all the sandwiches for me then!

they'ld better be laced with ganja so the reporters will start hallucinating great things for this company!

cynic are they producing any oil or gas, if so how much?

about a jerrycan a day but allegedly certain analysts are giving it the big hype of being worth 250 or thereabouts ..... more seriously, it has lots of wells in a proven oil-bearing site in USA, none of which produce a great deal, but the sum is slowly building ..... currently perhaps 5,000 bpd

no spaceship VLCCs required for this one!

Are you saying potential production of 5000 bopd justifies a market cap of 130m?

5,000 is now ...... and no i'm not .... but read post 1167, which gives you more info

It seems to us HAWK is just a larger version of SER, hoping somebody will come along with a large chequebook, so far vitually no sales and a lot of farmland to sell,with the price of oil being where it is why aren't buyers queuing up? All we have had is some relatively obscure swiss based outfit (associated with AST) supposedly going to make an offer but couldn't stump up the cash. Unless HAWK start producing serious quantities of oil they will lose shareholder confidence and their sp will suffer.

halifax, actually it can, and beyond. A partial prove-up on a number of key wells in Jolly, which is well underway, will justify full fair value on all the extractable oil.

When that happens, 'then', there will be 3 groups of people:

1. Those who invested now, and have a huge smile on their pus.

2. Those who invest about 'then', who will make money, but far less.

3. Those who never invest but whinge all the time and just watch annoying blighters like me get stinking rich.

What number will you be?

seems to be 3..............do i get a prize? hey this is a good quiz show

yet again, marni's spiteful tongue gets in the way of truth (perhaps too busy at the bottle) - halifax most assuredly does invest, but as is his right, and anyone else's, he will regularly question the wisdom of investing in certain companies

i hold but cannot believe, let alone justify to myself, the ludicrous price expectation that some have put on this tinpot company

Positive RNS this am.
cyril