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.

RNS production target 1000 bopd by 2010 year end.

Scary aint it, 76 million market cap, and looking for 1000 bopd.

I thought Vog was overvalued but this stock makes Vog look cheap :-))

HAWK looking too expensive at 23p, I agree.

yes market cap of around 75m looks a bit rich for a company planning to produce 1000 bopd.

What makes me laugh is this news.

http://moneyam.uk-wire.com/cgi-bin/articles/201008090700137262Q.html

Yes advfn is full of scum but how on earth can they possibly prosecute anybody
that deramps the stock when they issue news like today with a market cap of
76 million ?

I would have thought the bear case to be quite strong ?

i think the management of HAWK will be very hard pressed to substantiate any case for defamation, when their performance and that of the company is dismal and regularly fails to live up to actual or implied promises

They will get more unpopular by whingeing and whining.

cynic don't you think they can hit their target of 1000 bopd by 2010 year end?

confess i no longer care .... i lost patience with this bunch a few months back ..... and 1000 bopd - who cares? it may just about keep 1 x longhaul aeroplane fuelled

heap of sh*t

You mean the founders are fleeing this heap of sh*t? LOL.


Nighthawk, the US focused oil and gas development and production company (AIM: HAWK and OTCQX: NHEGY), announces that David Bramhill, founder and Managing Director, has made the decision to retire from the Company with immediate effect. Joe O'Farrell, founder and Executive Director, has also made the decision to retire from the Board with immediate effect.

6 body-bagger ..... bet there's a load a skeletons in the cupboard too

Looks like that this is stuffed.....

Might go below 15p or even lower....just not producing enough for a 65 million pound cap....

just managed to squeeze a short at 17.25, but not easy to do - surprise, surprise

Of all the oilies this is probably one of the least attractive.

it makes a right handsome short!

Not one of my better buys ...

:-(

nor me.....stinker!!