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.

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

having sold out at approx the current sp a couple of months ago at the start of the last correction, i have re-purchased same this am, looks due a run and encouraging to see forecasts, also believe support at 40p barring a major sell off...

Something cooking ? big buys going through and the sp going north . Good news on its way i think .

Anybody else having problems in buying these ?

Glad to see i didn't have to wait long for the tick upwards, hopefully the trendlines will remain intact, looking at the chart if you disregard the sharp rise earlier in the year the lines would continue from floatation...

Does anybody know how much oil ( or gas equivalent ) is likely to be produced from each well? Are we talking about 100's of barrels per day or only 50 from nodding donkeys?

As far as I know HAWK has yet to indicate what the likely production level is estimated to be. Would be interested to find out.

Not sure about what is to be expected from Devon, but thought i would post this extract taken from oil barrel article earlier in year...


Cisco Springs lies at the convergence of three basins in an area that is attracting major investment from deep gas drillers - the likes of EnCana, Shell and ExxonMobil. Nighthawk and project operator Running Foxes, a privately-owned Denver firm run by Steve Tedesco of Admiral Bay fame, are going for shallow gas targets, about 600 to 1,800 ft down, with multiple pay zones. The wells can be sunk for US$140,000 each, take two weeks to drill and the pay back, at worst, is within 90 days, said Bramhill.

This is a classic tale of stranded gas. The area has seen hundreds of wells drilled over the last 50 years but many were abandoned as the drillers then sought oil, not difficult-to-market gas. But today gas is the in-demand fuel and the construction of a pipeline in 1999 opened up the neglected gas deposits to the energy hungry markets of the US west coast.

The land was owned by mom and pop operators and it was really a bit of a junk yard, admitted Bramhill. Steve Tedesco consolidated the acreage and put it all together to make a meaningful project. It has all been cleaned up and BLM approved and now were seeing some really terrific results.

Nighthawk and Running Foxes have an aggressive drilling programme lined up to exploit this largely untapped resource, with up to 60 wells planned for the next two years. In all 390 well sites have been identified on the project. The company plans to use 2.8 million of the IPOs 9.1 million net proceeds to develop Cisco Springs and a further 0.5 million to buy further land rights in the area.

Since Nighthawk joined the project ten wells have been drilled, of which seven are new wells and three were re-entries. Nine of the ten encountered commercial quantities of hydrocarbons. This is an impressive strike rate. At the moment 18 wells are producing 700,000 cubic feet of gas per day (260,000 cf/d net to Nighthawk) plus some ancillary oil production. The gas is sold into a low capacity pipeline but the installation of a new pipeline tap, expected in the second quarter, has the potential to take gas production to more than 3 million cf/d or 1 million cf/d net to Nighthawk.

Nighthawk also has an option to purchase a majority interest in the Vogel Bartlesville waterflood project in Bourbon County, Kansas. It plans to exercise this option following admission to AIM, using 180,000 of the IPO proceeds to buy the rights and a further 820,000 to develop the project. Assuming the waterflood scheme is successful, this project would add oil production to the mix. It all adds up to a very promising starter pack for AIMs latest oily offering.

LONDON (Thomson Financial) - Nighthawk Energy PLC has bought a 50 pct interest in two new projects, the Buchanan and Worden, located in Vernon County, Missouri.

Financial details of the deal were not disclosed.

Running Foxes Petroleum Inc is the operator and holds the remaining 50 pct of the projects.

The US-focused hydrocarbon production company said it has also started pilot waterflood production project at the Devon Oilfield, Kansas.

Nighthawk holds an 80 pct interest in the project and the operator, Running Foxes, has a 20 pct interest.

Nighthawk Energy plc (the 'Company') was notified on 16 October 2007 that on 9
October 2007, CIM Special Situations Fund Limited ('CIM') has acquired 400,000
ordinary shares of 0.25p each. Following this purchase, CIM holds 5,400,000
ordinary shares in the Company, representing 3.13 per cent. of the issued share
capital.

Haven't been able to get these on IG for weeks as they are at there 2% limit.

Had to do it the traditional way.

strange ..... i bought some through IG on 19/9

You must have got your timing right again cynic! lol

i recollect i had to ask "higher authority" for my relatively small order of 25k to be accepted