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.

Thanks Big Ted, I've been banging my head against the wall all day trying to make sence of it all. That makes a lot of sence to me all we need now is for the MM's to accidently put a 1 in front of the SP.

Big Ted / Oily

I have bought 14250 today, it also shows as a SELL.

I sold out - stop loss triggered - only had 10,000

bhunt, if as we surmise that the mm's are dictating the price whatever the deals in front of them are, then maybe it might be worth going back in without having a stop loss in place. I reckon that by holding the price they are trying to maximise their profits, on what is after all, an attractive share. If this is the case, then you wouldn't lose too much on retrading.

Can anyone confirm if the 23.63p sales are in fact buys. Possibly same problem as yesterday.

Oily, level 2 quotes showing 23.18 - 23.62, they are buys...

Thanks bt.

Slow start today, but at least MM's seem to have sorted out SP problems.

This was covered in the stock channel tv programme yesterday-it's worth going to the website and ploughing through the boring stuff to listen to the oil barrel chap talk about this company. He called it a safe bet--us regulated-gas producing and profitable-lots more holes to be drilled 90% success rate so far--a cash cow! The market has yet to wake up to this one IMO. I intend to add as and when.

Hi mp, I am also looking to add shortly but my main assets are tied up in TMC and that is flying at the moment. Target for this one should be 60-70p.

Also recommended as a Buy by Monisha in allnewissues.com

and still the prices show up wrongly... L2 shows 23.6 - 24...

Very disappointed that this hasnt moved up more over the last couple of week. I think they have good potential but seem to be lacking publicity.

long term this should do very well IMO. It was featured on TW's stock market channel and the CE did a good promotion on the prospects and called it a low risk cash cow. As usual the market hasn't taken much notice and early investors are probably taking profits as some of them could buy pre ipo around 4p-if this is happening it will keep a lid on the sp for a while unless some good announcements come out. I'm holding.

New investment in the Vogel Bartlesville waterflood project in Bourbon county in Kansas. Nighthawk have purchased an 80% working interest in a 10 well project for $450,000. Drilling depth to be 350 to 450 feet, with a net pay calculation of 25 feet with a 22 to 27% porosity. There are an estimated 3.1 million barrels of oil at an estimated 30 to 50% recovery rate. The whole drilling project to be completed by June.

HAWK mentioned in Shares Mag as a 2007 Penny Shares Play.

this one is climbing nicely on recent news...



Nighthawk Energy reports further positive drill results at Cisco Springs
LONDON (Thomson Financial) - Nighthawk Energy PLC reported continuing positive drill results at Cisco Springs and said that it has bought a further 640 acres of land with its partner Running Foxes Petroleum Inc at the project for an undisclosed amount.

The US-focused hydrocarbon production and development company said that recent drilling at six wells encountered commercial quantities of hydrocarbons and that they will all be completed as production wells.

Nighthawk said in a statement that the land buy, which includes the Broadhead 1 producing oil well, takes the total acreage held at Cisco Springs to over 17,000 acres.

It added that talks are continuing with private leaseholders to buy further land and that it will bid for a substantial amount of new Federal leases in the BLM land auction due to be held in Utah during the summer of 2007.

The company is planning to drill 60 wells over the next two years at at the Cisco Springs project, in which it holds a 37.5 pct stake.

Nighthawk Energy BLM Approval


RNS Number:9939W
Nighthawk Energy plc
22 May 2007


Nighthawk Energy plc

BLM Approval for Broadhead Tap and Pipeline at Cisco Springs Project

Construction of Pipeline and Engineering Works Underway

The directors of Nighthawk Energy plc ("Nighthawk" or the "Company") (AIM: HAWK)
are pleased to announce that the Utah division of the Bureau of Land Management
("BLM"), a section of the US Department of the Interior, has granted approval
for the construction of the Broadhead tap facility into the Northwest Pipeline
and the construction of a main link pipeline at the Cisco Springs production and
development project situated in Grand County, Utah. Nighthawk holds a 37.5 per
cent interest in the project and Running Foxes Petroleum Inc. ("Running Foxes"),
a Denver-based private company, is the operator.

Current natural gas production from Cisco Springs is sold and routed into the
Northwest Pipeline via a third party owned pipeline, the capacity of which is
limited to approximately 1 million cubic feet of gas per day. Nighthawk and
Running Foxes are currently producing up to 700,000 cubic feet of natural gas
per day. Upon completion, the new tap and compression facility will provide
offtake capacity of up to 8 million cubic feet per day.

The implementation of the tap and pipeline will bring numerous commercial and
development benefits to the Cisco Springs project which include:

* The provision of a reliable means of natural gas transportation, coupled
with sufficient pipeline capacity for the planned increased production at
Cisco Springs;

* The eradication of third party sales tariffs;

* A sales and transportation option for existing and planned wells in the
acreage to the south of the US I-70 Interstate;

* A reduction in wellhead flowing pressures and enhancement of both
production and ultimate recovery through the new gas compression facilities;
and

* A strong competitive advantage for Nighthawk and Running Foxes in the
Cisco Springs region.

The link pipeline will run from the northwest side of Interstate 1-70 to a tap
point on the Northwest Pipeline, south of Interstate 1-70. Various contracting
companies have commenced work on site and Polaris Drilling will bore a hole
under Interstate 1-70 and construct an eight inch pipeline to the tap.

Other project related equipment has been sourced and purchased and will be
installed at the tap facility. This equipment includes refrigeration plant,
dehydration plant, pipeline and compressors.

David Bramhill, Managing Director of Nighthawk commented "The approval by the
BLM and the planned construction of the Broadhead tap facility and main pipeline
are pivotal events in the development of the Cisco Springs project. Our
partner, Running Foxes, has put considerable effort into obtaining the approval
including in the undertaking of stringent environmental and biological surveys.
The implementation and completion of this work will bring major benefits to
shareholders and the Company in respect of Cisco Springs."


For further information please contact:

Nighthawk Energy plc 01271 882160
David Bramhill, Managing Director office@nighthawkenergy.net
www.nighthawkenergy.net

Hanson Westhouse Limited 0113 246 2610
Tim Feather tim.feather@hansonwesthouse.com
Matthew Johnson matthew.johnson@hansonwesthouse.com

Bishopsgate Communications Limited 020 7562 3350
Dominic Barretto dominic@bishopsgatecommunications.com
Fran Read fran@bishopsgatecommunications.com


Notes for Editors

Nighthawk is a hydrocarbon production and development company focused on
building a portfolio of assets in the US. Nighthawk floated on AIM in March
2007 having raised a total of #10 million.

Nighthawk holds a 37.5 per cent. working interest in the producing Cisco Springs
oil and gas project in Grand County,Utah. Running Foxes, a privately owned
Denver-based company, is the operator and majority owner of the project.

At the time of Nighthawk's admission to AIM, Oilfield Production Consultants
Limited ("OPC"), estimated the following reserves, net to Nighthawk, in the
Cisco Springs project:

P90 P50 P10

Gas (BCF) 74.9 94.2 116.2
Oil (MMBBLS) 0.3 0.6 1.1


OPC estimated the NPV10 of Nighthawk's interest in Cisco Springs to be US$192.3
million (approximately #98.6 million).

The Cisco Springs project area presently covers approximately 17,000 acres.
There are currently 18 production wells at Cisco Springs, primarily supplying
natural gas to the Californian market with ancillary oil production sold
locally. A major drilling and development programme is in progress with 390
well sites identified on the current acreage. Approximately 60 new wells are
planned in the next two years.

In addition, Nighthawk holds an 80 per cent. interest in the Vogel Bartlesville
waterflood project in Kansas. The initial project area of 160 acres, which the
operator, Running Foxes, estimated to contain oil in place of 3.1 million
barrels, has increased by recent acquisitions to approximately 960 acres. A
programme of production and injection wells is in progress to determine the
reservoir characteristics in preparation for flooding the reservoir and
production.




This information is provided by RNS
The company news service from the London Stock Exchange
END

MSCOKDKKCBKDDPB

good news today--better profits this way. this share seems way under valued to me.

Agree mp, agressive production programme on shore, low cost in comparison to offshore, maximising potential of known assets. Met the Mngt team at the t1ps Master Investor 2007 event. Bags of potential & HAPPY TO HOLD. Pse DYOR.

Is it sunny in Devon today?