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.

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

You must have been more polite than me!!!

perhaps i'm just more scary - lol!

good performance today in a rubbish market, with volume at about double the norm ...... could easily be just a freak against the wind, but you never know

Lots of trade today . Some of the big sells could be buys .

At this rate , we should see 50p by next week .

performing well on a daily basis...

It's good to see some larger volumes over the last couple of weeks. New interest maybe. Lets see what the AGM brings next week.........Hopefully another push north!

We will see a new high very soon , going to see 60p by mid nov .

Going well this morning , had to get some more as i can see 60p just round the corner .

Nighthawk Energy plc
02 November 2007

Nighthawk Energy plc


Grant of Options



Nighthawk Energy plc ('Nighthawk' or 'the Company') (AIM: HAWK) announces that
on 1 November 2007 the Company granted options to subscribe for 1,250,000
ordinary shares of 0.25p each to Steven Tedesco. The options are exerciseable
at a price of 53p, being the closing mid-market price on 1 November 2007, at any
time until 2 November 2012.


Steven Tedesco is the CEO of Running Foxes Petroleum Inc. ('Running Foxes'), the
operator of all of the projects in which Nighthawk is interested. The options
have been granted to reflect the level of his ongoing contribution in respect of
time and technical expertise to Nighthawk's development, over and above Running
Foxes' obligations as operator of the Company's projects.

AGM tomorrow, lets see what news it brings, if any. (hopefully pipeline hookup etc.) Looking good so far "a new all time high today"

Grateful for any feedback from AGM from anyone attending today. Thanks.