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.

lemmings being sucked in again.

http://www.iii.co.uk/tv/episode/outlook-nighthawk-energy-plc-hawk

Watch Nighthawk at Oilbarrel

Click here to watch

Watch Nighthawk presenting at Oilbarrel

CLICK HERE TO WATCH

http://www.investegate.co.uk/nighthawk-energy-plc--hawk-/rns/drilling-and-development-update/201306040700071873G/



Stephen Gutteridge, Chairman of Nighthawk, commented:



"This phase of development of the Arikaree Creek oilfield has been very successful. We expect to have three wells producing from the field by mid June and can now follow up that success by establishing the extent of Arikaree Creek to the south. The objective of this relatively small-scale fund-raising is to deliver two more successful wells, which will not only further increase production and cash generation, but will enable us to establish material 1P and 2P reserves in the field, which would open up a wide range of options for the development of Arikaree Creek and further exploitation of our large acreage position."

Is this the year that hawk returns from intensive care? Todays update gives some hope

I certainly hope so.,.

I wish I'd bought on the sudden drop today (just happen to be watching then)..wasn't sure......at that time no rns....and then a rebound....damn...

.......The MMs have just whacked out the stop losses with a 11% instant SP fall.
Either this or the well results are not commercial.

Always concerns me when I see sudden drops in SP prior to any expected RNS news. Thank goodness we are getting a new CEO of the FCA, as the old system did not have any teeth to weed out the small cap market SP manipulation by big players. We can only hope that the new person appointed to the FCA will clean up the corrupt City Insider Trading cartel, (Allegedly) and provide a level playing field for both large and small investors alike!

Yeh alright!!

IMO
DYOR
HAb

Could be a mighty day tomorrow!!!

StockMarketWire.com
Nighthawk believes required approvals for the Arikaree water flood enhanced oil recovery project will be obtained in the next few months. Nighthawk says the Colorado Oil and Gas Conservation Commission approved the company's application for the project on 8 March, subject to the company obtaining 80% approval of the non-working interest owners within the next six months, using an agreed upon revenue allocation method.

The company believes that the required approvals will be obtained in the next few months. A further announcement will be made in due course.