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.

Any body else finding it hard to buy these on line ? having to ring to buy .

it's often the way to get the best price anyway, as your order can be left with MMs and part filled and be protected at that level until more comes on offer to complete (or not)

You can buy under 50p , another top up on way .

I still can understand why yesterday I didn't get the my order??

good for me I can now buy them cheaper.... :))
(from UK at last!!!)

between yesterday and this morning I top up well (65k at av. 52+/-)

now I can go... birds watching ... :-))

Have updated the header with new aquisitions, will amend valuations when known.

I would expect a further rise today based upon another excellent aquisition by both, Nighthawk and their partner, Running Foxes.

Good news re that ever-increasing portfolio. Good luck to all.

Anybody think these could reach a 1 before xmas ?

.

Next week should bring the sp to mid 50s .

Why ?

We are due drilling updates from their six week programme, but this could still be a couple of weeks away! (so why will the sp go to mid 50's?)

UPDATE on drilling project expected mid July !

Dropping today, like everything I suspect

Its been dropping for a week.

I suspect a mixture of profit taking and market movements in general ! Topped up today with 115k shares. Took a while to get them bought so traders still hoarding I think. Volumes a bit shy elsewhere so they were not busy serving others! Lets hope the next bit of news is as good as that received so far......gl to all...

though charts are rather meaningless with such a new stock, sp is just retesting 25 dma and rsi is, at least, back in more sensible territory

What we need now is actual production figures. Oil in the ground does not pay overheads.

tell that to the holders of the likes of CHP, GOO, ELP etc etc!

Well if the sp rises on test results (OIL in the ground) actual production can only lift it further...... I will sit tight on this one......Holding 165k shares (ave. price 39.50) and think this one will perform again soon on forthcoming test results. I can see this one being a target for a major once they prove more reserves. My target for the next three months 65-70p, but will hold 50k long term........... gl to all ...