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.

Maybe the directors have some production news lined up !

that would preclude him dealing

Good point. !

Lots of apparent selling today, but no real effect on the sp !
Any reason why!

LONDON (Thomson Financial) - Nighthawk Energy PLC said a study based on previous production wells at the Jolly Ranch project in Colorado has shown that the Marmaton and Cherokee pay zones cover the entire acreage and the wells will be re-drilled starting from September.

The study also identified additional bypassed oil zones in the wells that will be further exploration targets in the future wells of the project area.

The three previously producing wells, dating from 1984, 1985 and 1995, will be re-drilled, the first in September 2007, and the last two in the fourth quarter of 2007.

In addition the company said it will start a 3-D seismic programme over the project area in September.

The Jolly Ranch project is 50 pct owned by Nighthawk, and is operated by privately-owned energy company Running Foxes Petroleum Inc which holds the other 50 pct.

Managing director David Bramhill commented 'Since we acquired Jolly Ranch in June, our expectations in respect of the project have increased and this has been confirmed by the evaluation work carried out by Bowler Petrophysics.'

kathy.sandler@thomson.com ks

pure carnage today

When will they start pumping oil?

Strong recovery today without news flow :-)

Dalton s increased their holdings .

I've topped up today as well--hope there's some good news coming!

I sold my PET far too early---Douglas Wright owns sizeable chunks of PET, HAWK and also TOM I'm joining in on the last two following him!

Halifax, not sure about the oil but the next update I am expecting is to say that the recent gas wells at Cisco springs have been connected to gas pipes for production to increase.

Good trading today, but can't find any reason for move in sp or will it be back to normal tomorrow with the two day slide off !

I am comfortable with the SP at the moment and confident it will tick up nicely given time.

Hawk have taken money from the markets to fund exploration so far (as have other exploration companies). The test wells and reserves found so far were proven reserves many years ago, but not worth extracting due to the low price of oil and gas back then. The commercial quantities lying in the ground are now worth extracting based on price alone,but do not compare to some of the larger fields today. These type of fields would be of no interest to the likes of BP/Royal Dutch etc because the quantities are considered to small. Production through the new pipeline connection will certainly lift the SP and the Oil production will help cashflow for HAWK. Look at the price HAWK paid for some of the land, it was cheap considering the reserves were already proven (Why) Hopefully HAWK will discover new reserves of oil/gas and on production of these we may well get what we are all waiting for. (THIS IS JUST MY OPINION, I AM STILL OPTIMISTIC DAVID B. WILL TAKE HAWK WHERE IT NEEDS TO BE)

GE&CR recommended buying Nighthawk Energy at 39p, yesterday with a medium term target price of 96p

LONDON (Thomson Financial) - Nighthawk Energy PLC said it has exercised an option with a third party over a further 560 acres following a positive drilling result at its Devon Oilfield waterflood project in the US.

The US-focused hydrocarbon production company said the drilling programme has indicated that oil bearing Bartlesville sandstone may extend beyond the currently known parameters to the west.

In addition, it said it has acquired a further 244 acres from a third party, on which two successful appraisal wells have been drilled to date and have been completed, logged and cased as future producers.

All the wells planned on the newly acquired acreage are in addition to the existing 54-well programme, the company said.

Nighthawk's managing director David Bramhill said: 'Since the original acquisition of 160 acres in March 2007, we have expanded the land base of the project by a factor of 10 and appraisal drilling continues to confirm the presence of oil saturated sandstones within the extended project area.'

Nighthawk holds an 80 pct stake in the Devon project, while the operator Running Foxes Petroleum Inc holds the remaining 20 pct

HAWK certainly seem to have the magic touch at the moment, though sp is not exactly getting excited

Yes , sp should be over 50p .

The Directors of Nighthawk Energy plc ('Nighthawk' or 'the Company') (AIM:
HAWK), the US focused hydrocarbon production and development company, announce
the Company's final results for the year ended 30 June 2007.

HIGHLIGHTS

Continuing strong progress on the drilling and development programme at
Cisco Springs

Independent evaluation of Cisco Springs showing P90 reserves of 74.9
bcf and P50 reserves of 94.2 bcf of gas, net to Nighthawk, with an NPV10 of
US$192.3 million, net to Nighthawk

Further acquisitions including substantial interests in the Devon
Oilfield, Jolly Ranch, Centurion and Cliffs projects

Successful and expanded appraisal drilling programme at the Devon
Oilfield

AIM admission in March 2007 accompanied by an oversubscribed
institutional fundraising of 9.1 million net

Secondary fundraising in June 2007 of 5.0 million net

Cash resources at 30 June 2007 of 11.3 million



David Bramhill, Managing Director of Nighthawk, commented: 'Nighthawk is a young
and fast growing company with strong news flow expected from our operations in
the US. The results from our continuing drilling, development and acquisition
programmes have added significantly to our asset and reserve base. As a result
we have commissioned independent consultants, OPC, to conduct a full evaluation
of our expanded project portfolio, which will commence in the fourth quarter of
2007.

'There is still work to be done before we achieve our principal objectives, of
which being cash flow positive is of major importance. However our substantial
investments, in both monetary terms and time, in our key projects are beginning
to bear fruit and our aim to create shareholder value is being reflected
positively at this still early stage in the Company's development

HANSON WESTHOUSE VALUATION AT 75.9 PENCE

http://www.mediafire.com/?2wddbv92zwe