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.

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!!

and will the FSA look into this debacle ?

what is there for the FSA to look at? ..... that the CEO + FD have gone? ...... that some punters have lost money? ..... don't be so naive

you are having a laff - this company has made repeated statements both via RNS and in presentations/meetings that it simply has failed to live up to. It equally decided to legally persue those on BB's who challenged these statements, rather than attempt to answer the underlying questions they raised.

Ironically even the resignations are even put down to corp governance procedural issues.

Still with a national investor base as naive as you, there's no wonder that we have such a weak governance culture in the UK - as illustrated so dramatically with the banking crisis.

I suggest that you wake up.

dork!
off you go then and start your own legal proceedings - you might as well take out a case against FSA too while you're about it

the naive ones are those who did not wake up months or even years ago that this company was a crock of shit and got out of it - plenty of warning given on this BB too ..... clearly you are one of the dumbos who is still invested, so suggest you look in the mirror

Careful now it could fall 50%.

i'm happy for it to fall to zero ...... been a nice little earner so far

Where is all the money going..?

not yet into my bank

Hooray we're in profit.......

Nighthawk, the US focused oil and gas development and production company (AIM: HAWK and OTCQX: NHEGY), announces preliminary results for the year ended 30 June 2010 and provides an operational update for its lead projects.

Financial Highlights

Revenue increased 332% to US$2.1 million (2009: US$498,000)

Invested approximately US$30 million in development of projects

Loss for the financial year of US$1.28 million (2009: US$1.30 million)

Cash at year end of US$7.2 million and debt free

Post year end, secured a three year Equity Finance Facility ("EFF") of up to 25 million with Darwin Strategic Limited

the company certainly isn't!

don't spoil it cyners.....on a high with this one.,.

cynic look at the admin expenses growth, they are very good at spending but no good at producing oil!

i'm sure you're right, but have banked my small but useful profit - i was short!

i'm sure you're right, but have banked my small but useful profit - i was short!

Sp is still heading down.

cashed in too early, but hey ho, it's money in the bank