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.

Holding 100k of these at 29p, think it has been oversold today,thought the update and rise in output quite good.

Boy oh boy !....are they slow at getting production going or what !?...I remember thinking this time last year that by now they would be pumping 10000 barrels per day...and they're not up to 1000....

as with EME and similar, a stock that continues to disappoint, or more to the point, fails to deliver against promises, should be chopped

I will sell my small holding but I will wait until the sp is a bit higher than it is now...

Another one to watch is little-known USfocused oil and gas group Nighthawk Energy, which has been drilling at its Jolly Ranch project. Bar-room gossip has the firm on the wanted list of American giant Apache Oil, and unusually high volume on the stock did little to dispel the rumours. A bid could see Read more: http://www.dailymail.co.uk/money/article-1255251/MARKET-REPORT-Unite-banking-student-boom.html#ixzz0hBxIRclZ

This is a FREE EVENT
=================

The directors of Xtract Energy (AIM: XTR), Nighthawk Energy (AIM: HAWK), Lydian International (TSX: LYD) and Gulfsands Petroleum (AIM: GPX) will be presenting:

Wednesday the 2nd June 2010,
Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB

The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception.

This event is suitable for the following:
Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.

FREE registration : http://www.proactiveinvestors.co.uk/register/event_details/80

This is a superb lineup of exciting AIM listed oil companies, offering attendees the opportunity to meet the CEOs and chat informally after the official presentations over drinks and canap.

The location is a short walk from either Green Park or Bond Street tube stations.

Early applications are strongly advised, as this event is expected to reach capacity prior to the event due to high interest in the presenting companies.

HAWK in Manchester 3/6/10!

Andy why are you hawking HAWK?

i agree hali .... this is yet another crap company that fails to deliver its promises .... directors must have gone to the same school as those at eme ..... bit the bullet here some time back

New article, click HERE

halifax,

Not "hawking" anything, simply disseminating information so that people are informed of the presentation.

halifax,

Not "hawking" anything, simply disseminating information so that people are informed of the presentation.

Now this is one I am stuck in...at a loss....they have less oil than on the surface in the gulf.....heavens...30 barrels of oil per day in a well...it's a feast !....reorder that half pint of bitter again...

If they can up production, would think BP have done them a massive favour - Calls for Deep Sea Drilling will come into question surely and this could be the BIG alternative. Well thats my view, but if you were holding 80,000 @ 47p you'd probably be spouting the same.

RNS trying to sell part of Jolly Ranch should be interesting to see if they have any offers, are they short of cash?

sp picked up on the news...can it climb back to about 80p please..

bb no chance unless they can produce more than a bucket of oil!

i thought hawking was gobbing on the pavement as in india with betel nut juice

cynic is this another Bramhill wheeze!

didnt brammy say hawk will be producing 1000 barrels / day by end 2010 - or is barrels in brammy dictionary really thimbles lol!!

i am sure we will hit the 1000 per day by end 2010? hence the rns for the added resource - gla