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.

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

Pretty feeble really.

now there's a surprise

NIGHTHAWK ENERGY PLC

("Nighthawk" or "the Company")

JOLLY RANCH UPDATE

The directors of Nighthawk Energy plc, the US focused hydrocarbon development and production company (Tickers: AIM: HAWK and OTCQX: NHEGY), are pleased to announce an operational update in respect of the ongoing drilling, well completion and other development activities at the Jolly Ranch project.

Highlights
Preliminary swabbing operations from two of the four stages on the Craig 15-32H lateral well have produced in excess of 100 bopd, before commencement of sand frac operations

Two further vertical wells, the Craig 12-33 and Craig 4-33, have reached total depth and are being completed as producers after encountering significant hydrocarbons during drilling

Number of workover rigs on-site increased from one to three to accelerate completion of previously drilled wells and increase production

Two 3-D seismic acquisition programmes underway

The Jolly Ranch project, covering approximately 370,000 gross acres, comprises three areas, Jolly Ranch, Middle Mist and Mustang Creek, situated in Lincoln, Elbert and Washington Counties, Colorado. Nighthawk holds a 50% interest in the project and Running Foxes Petroleum Inc. ("Running Foxes"), the operator, holds the remaining percentage interest.

To date, approximately US$50 million gross has been invested in the Jolly Ranch project by Nighthawk and Running Foxes in respect of land and seismic acquisition, drilling, well completion and infrastructure. In addition, during June 2009, Schlumberger Data & Consulting Services ("Schlumberger") completed an independent evaluation of the hydrocarbons in place at Jolly Ranch and concluded the P50, or most likely, oil in place over 246,000 project acres, using probabilistic methods, was 1.462 billion barrels gross. Schlumberger also concluded that the regional continuity of the formations was such that the resources in place are likely to be laterally continuous.

During the last six months the previously drilled vertical wells that have been tested have demonstrated economic production rates from a number of horizons, including the Marmaton, Cherokee and Atoka. In particular, the Craig 4-4 was completed in early July 2009 and continues to produce at an average rate of 65 bopd from the Cherokee formation with no significant decline in production noted.

Vertical wells, on a stand-alone basis, remain integral to the economic development of Jolly Ranch and offer the potential for significant financial returns for the project. The directors are of the belief that lateral well technology, as demonstrated in the Bakken shale oil fields, should also be applied in parallel with vertical drilling at Jolly Ranch, potentially providing enhanced rates of return over and above those already demonstrated.

The current drilling programme comprises five vertical wells and one lateral well for which a summary follows:

Craig 15-32H
On 1 October 2009 Nighthawk announced that that the first lateral well on the Jolly Ranch project, the Craig 15-32H, reached a total depth of 8,554 feet, of which 2,006 feet was horizontal through the Cherokee formation, and had been cased ahead of fraccing and production.

Two of the four stages of the lateral section of the well have been subjected to acid fraccing to date and even at this preliminary phase of completion 109 bopd have been swabbed from the well.

Acid fraccing, which is undertaken prior to sand fraccing, is a process that etches the reservoir and provides an enhanced pathway for the sand fraccing operation, typically enlarging the effective drainage area of the well, thus increasing production.

The 15-32H will now be put on pump and, following a period of production testing, all four stages will be sand fracced at a later date.

These early results at this stage of development are indicative of the performance seen from analogous wells in the prolific Bakken shale oil developments in North Dakota.

Craig 12-33
The Craig 12-33, a vertical well targeting the Atoka and Cherokee formations, has been drilled to a total depth of 7,602 feet into the Mississippian. Significant oil was encountered during drilling in the Atoka and Cherokee formations.

Production pipe has been successfully run on the 12-33 and the well is being completed as a producer. The 12-33 has swabbed up to 40 bopd from the Atoka formation following a small acid fraccing exercise. This will be followed by sand fraccing into the Cherokee zone and placed on production pump by the end of next week.

Craig 4-33
The Craig 4-33, a vertical well targeting the Atoka and Cherokee formations, has been drilled to a total depth of 7,572 feet into the Mississippian. Significant oil was encountered during drilling in the Atoka and Cherokee formations.

The 4-33 well has been cased for production and completion operations, including fraccing, will commence in the near future.

Craig 10-28
The Patterson-UTI #190 drilling rig has now moved to the Craig 10-28 drill site where vertical drilling is currently underway.

Craig 6-4
The Craig 6-4 well, the fifth and final well of the 2009 drilling programme, will be drilled to the Arbuckle formation and used as a water disposal well. Following State approval, water disposal lines from the existing Craig wells will be tied in to this well.

Number of workover rigs on-site increased with emphasis on increasing production

Following testing of various production horizons in the previously drilled wells, the number of workover rigs operating on-site has been increased from one to three. The objective of this exercise is to accelerate the completion process of these wells, leading to increasing production levels over the coming months.

3-D seismic acquisition

Nighthawk and Running Foxes are currently planning two 3-D seismic acquisition programmes. One will expand the existing 3-D coverage in the area of the Jolly Ranch acreage; the other will be shot in the vicinity of a competitor's recently discovered oilfield, producing from the Cherokee formation, near the Company's core project area.

David Bramhill, CEO of Nighthawk commented:

"We are very pleased with the current results from the ongoing programme, which we believe will create further significant value across the wider project area. Although early days, we are particularly encouraged by the similarity of these findings to those encountered in the Bakken formation, the only other shale oil play in North America. We believe this progress will continue to delineate Jolly Ranch as a world-class hydrocarbon development."

With this shale : it must be like drilling for oil on Brighton beach....there are times when I'm wondering what I'm doing in this company : they always give a very optimistic outlook but production is still very little...they need to gear up the drilling and bringing into production more quickly.

Swabbing oil takes longer than pumping obviously and doesn't produce very much it appears.

Shareholders give Nighthawk tough ride at AGM

If Nighthawk Energy's (HAWK) chief executive David Bramhill thought he was in for an easy ride at the company's AGM today, he was forced to think again as an unexpectedly high number of disgruntled shareholders piled into the room.


With many clutching the company's earlier Jolly Ranch update, they were eager to cut through the fluff and dissect the statement's production figures, keen to hear from the horse's mouth exactly what this meant for Nighthawk's future.


They would have to wait a while, however, as there was the small matter of getting resolutions out the way. Only after a seemingly painless show of hands to the re-election of directors, was it on to the real business of the day.


Shareholders expressed surprise at the Jolly Ranch project's low production figures of 150 barrels of oil per day, after Nighthawk had previously hailed the Colorado-based project as a "world-class asset".


First up in the firing line was Steve Tedesco, chief executive of Running Foxes and co-owner of the Jolly Ranch project. Aware of the growing tension in the room, Tedesco sought to remind shareholders that recent data from oil information services group Schlumberger on the project highlighted its future potential. Although there was a lot of work still to do, progress was being made and figures exceeded their earlier expectations, he said.


The ranch which spans approximately 370,000 gross acres (similar to the size of Surrey for those familiar with the home counties) possesses in excess of 1.4 billion tonnes of oil.


"If I get just 10% of that I'll be a very happy man indeed," Tedesco told the audience.


Less happy was the shareholder who said Nighthawk had misled them with targets of 1,000 barrels of oil per day by the start of 2009, but with the end of the year looming they had failed to push above 150 barrels of oil per day.


Knowing it was his turn to step into the spotlight, a smartly-dressed David Bramhill stood up and was surprisingly candid in his response: "We experienced a very tough trading year. Everybody felt the blow as oil prices dropped extremely low.


"Production has been sporadic and if the last year has taught us anything it's that it's never smooth. We don't know for sure the exact daily output but we know it's good."


Good wasn't good enough, however, for some of the attendees who pressed for an exact production target for the end of the year. Although Tedesco proffered figures in the region of 700-800 barrels of oil per day by the close of the year, one shareholder continued to lambast Nighthawk for failing to give the market clear production figures.


As a result speculation and vicious rumours continue to dominate the market, the shareholder alleged.


It wasn't an accusation that Nighthawk's distinguished chief executive was going to take lying down.


Nighthawk recognised people's need for information, Bramhill fired back, adding that he knew of no other company that releases monthly production targets. Furthermore, rumours would still run the mill whether the news was good or bad.


One rumour he wasn't keen to let run, however, was the one concerning Ascent Resources (AST). The company had previously entered into an agreement to acquire a 10% interest in the Jolly Ranch project but dropped out at the last minute.


"We needed money desperately," Bramhill admitted, "and the deal with Ascent cost us dearly both financially and in reputation. September of last year to May of this year were very difficult times for us and the Ascent deal hurt us but we are comfortable again now".


Nighthawk said it would take a good year before it would be able to present the Jolly Ranch project to potential partners, but was confident that it would achieve that milestone.


"We have a world class project and we are a strong company. The focus now is to look ahead," Bramhill reassured, smiling brightly as the throng of shareholders rushing forward to shake his hand.

strange how the witch-bitch and her acolyte have gone so silent ..... what a crock of shit HAWK is, and the management looks broadly similar ..... i only have a smallish number of these, so guess i'll continue to hold, though with no good logic ..... much the same could be said of VIY

cynic your views on Hawk coincide with ours if the ceo doesn't know (or care) what the monthly/daily production is who does? So much cash has been expended for so little return, glad to hear Bramhill can afford a nice suit!

Talk of a takeover bid in Shares magazine this week....bid possibly at 55p.....?.

HAWK is not performing at all... zzzzzzzzzzzzzzzzzzzzzzzzzz

Give it time. About 2 years should be about right.

seems to be heading sub 30p unless there is some good production news.