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.

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

bollocks! ..... very rare for me to whinge about cashing in prematurely, but sure did this time

12.5p now... this is a disaster

pain in the arse for me ..... should have stuck with my convictions (can't get rid of the GBH one!)

The problem is paper thin oil spread over a vast area, so you need loads of noddin' nelly's....just to get 20 barrels of oil up...some of them only bring 5 barrels per day up....plus a market cap of 50 million....for a few hundred barrels ?...

They haven't got much in terms of barrels really and winter is coming up which makes work more difficult now.

Bought in...hoping for a quick buck.....might be a little rebound coming.....oh dear....I feel like I have sinned here....

you will be sectioned along with MRSI, who has already bagged the best bunk in your padded cell

I shall put my head down in disgrace....just trying to make a quicko buck that's all....it's either that or street corners and high heels...

better chance of making money, especially if clubby's on the prowl

I might have to dress up some of those sheep again....

This might be close to the bottom....that's my reasoning and perhaps a little rebound to 15p could come along.....just a 40 million cap now......if I sense it has to tumble further..will bale out.....perhaps a little too impetous a trade on my behalf....