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.

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.

***THIS WAS POSTED BY ANOTHER USER ON Advfn***



I was at the AGM.

It was very well attended meeting with David Bramhill and Steve from Running Foxes producing an excellent presentation I have to say I think we were all VERY impressed with Steve, he really does appear to know his stuff.

All resolutions were passed and then the presentation on the different drills were discussed. CISCO pipework link up in the next 2 weeks, Steve commented that the link had provided opportunity to increase the flow straight to the buyers and not through 3rd parties, which was costing up to 30%. He said the Companies would hedge a certain amount of sells to guarantee the very important cash flow.
The Gas flow would be at 1.5m by next year increasing up to 8m as others wells came on line.

Devon project would be potentially ready in the Q1 to start.

Jolly Ranch is 3 parts, all of which had had some seismic study and all seemed to be showing higher expectations. There were some figures around but they were hard to hear. I am sure Curry heard them much better than me as he has remarkably large ears. He will update you when he gets back on his chuffer by about Friday.

The spirit of the AGM was very upbeat and ended with applause for David Bramhill for his excellent achievements with the Company, he commented that he had already spoken this week with highly experienced institutions and expected News flow to be continuing throughout the end of 2007 and into 2008.

One thing I did overhear was a Director clearly stating that the Company could be sold as early as 18 months, probably to a North American or Canadian Company (I think he was guessing)and that it was a clear strategy.

I was VERY impressed with the Company and its Directors.

Please do not read this as advice, its just my personal feedback to you.

Thanks Romethli, I know that David B's intention is to grow the company until its market capitalisation is circa 250m and then sell it. Currently this stands at 92m, so a little way to go yet, but I suppose that depends upon the right offer being made, holding until then. :-)

There is a lot of talk about consolidation in the 'commodity market', who knows what will happen and when !

Look at RIO today, this could be the start of the consolidation process!

I see todays activity with HAWK as a mix of profit taking and some tree shaking ! MM's !

A good week for HAWK , this could go to 60p by friday .

Nighthawk Energy buys 44,000 more acres at Jolly Ranch project
AFX


LONDON (Thomson Financial) - Nighthawk Energy PLC said it has acquired a further 44,000 acres at the Jolly Ranch project in eastern Colorado in the US, after test results from a survey showed expanded targets with significant upside potential in the area.

Nighthawk said further expansion is planned in the region, along with its partner, Running Foxes Petroleum Inc, who also is the operator and holds a 50 pct working interest in the project.

but the market seemed to say "And so???" ...... but assuredly this is one the "good minnows" and should have further to run, though it may still need to catch its breath for a little while

Profit taking by many investors has made the sp fall back . I think it will go back up again .

Cynic , are you back in ? I think this is a good point to add a few more . Still looking at BRR .

I sold 75k two days ago and looking to get back in by the end of this week or Monday! Difficult to judge this one, but would hope to be buying around 48p. I think this will tick down a little further until we get news. Many RNS's have taken place on a tuesday, but nothing set in stone....GL....

Any thing under 50p is a good buy .

3 weeks ago we were looking at 60p ! now we are back to 45p again . news wanted .

Nighthawk Energy Cisco Springs Project Update




RNS Number:1832J
Nighthawk Energy plc
05 December 2007

Nighthawk Energy plc

Cisco Springs Project Update

Highlights

* New production facilities operational

* Acquisition of further 12.5 per cent. interest in Cisco Springs
project

* P50 net natural gas reserves increased by 33.3 per cent. to 125
bcf through the acquisition

* Six recent wells completed as future producers


The directors of Nighthawk Energy plc ("Nighthawk" or "the Company") (AIM:
HAWK), the US focused hydrocarbon production and development company, are
pleased to announce an update on operations at the Cisco Springs project,
located in Grand County, Utah. This update includes details of the
commissioning of the new production facilities and the commencement of gas
sales, the acquisition of a further 12.5 per cent. of the Cisco Springs project
from the operator, Running Foxes Petroleum Inc. ("Running Foxes") and positive
drill results from both the Summer and current drilling programmes.

Commissioning of new production facilities and commencement of gas sales

Construction and commissioning of the first phase of the Nighthawk and Running
Foxes jointly owned Cisco Springs production facilities is complete and natural
gas is now being sold to market directly via the Northwest pipeline.

Previously drilled production wells are currently being hooked up to the
facilities via an internal pipeline network and production and gas sales at the
end of 2007 are expected to be between 1.0-1.5 mmcfgpd. Planned production will
be incrementally increased to between 3.0-4.0 mmcfgpd by the end of 2008.
Upgrading of the production facilities is ongoing and an additional compressor
capable of handling 1.2 mmcfgpd is en-route to Cisco Springs and will be tied-in
to the facilities on arrival at site. This will augment the existing compressor
which is rated at 3.0 mmcfgpd.

Gas prices in the Rocky Mountain region have firmed considerably during late
November and December 2007 and 50 per cent. of Cisco gas is being delivered at
daily spot price and 50 per cent. at monthly spot price. Forward sales
contracts are also being considered by Nighthawk and Running Foxes for the
future.

The Rocky Mountain region is currently seeing major activity in respect of local
pipeline construction. During the next four years, the Bronco pipeline,
operated by Spectra, is expected to be commissioned supplying natural gas to the
Western US markets, followed by the important Kinder Morgan, Rocky Mountain
pipeline which will, upon completion, supply product to the high demand markets
of New York, where prices are usually at a premium to NYMEX. In addition the
Williams pipeline is expected to ship product eastwards in 2010. These new
pipelines will open additional markets to Cisco Springs production and are
expected to underpin gas prices in the region.

Acquisition of a further 12.5 per cent interest in the Cisco Springs project

Agreement has been reached with Running Foxes to purchase with immediate effect
a further 12.5 per cent. working interest in the Cisco Springs project,
increasing Nighthawk's currently held 37.5 per cent. interest to 50 per cent.

The purchase price for the additional interest is US$4,000,000 which will be
funded from the Company's existing cash reserves.

Included in the transaction is a pro rata interest in the project owned
production facilities, Ingersoll-Rand drill rig, a workover rig and all other
project related equipment including a pipeline network and numerous oil storage
tanks. Nighthawk will be entitled to a 50 per cent. revenue share from all gas
and oil sales from 1 December 2007.

The transaction provides Nighthawk with a significant increase in both P90 and
P50 reserves. Based on the Competent Person's Report of March 2007 on the Cisco
Springs project by Oilfield Production Consultants Limited ("OPC"), P90 reserves
(Proven), net to Nighthawk, increase through the transaction from 74.9 bcf
(billion cubic feet) to 99.85 bcf and P50 reserves (Proven + Probable) from 94.2
bcf to 125.59 bcf.

OPC was commissioned to comment on the acquisition of the additional interest
from Running Foxes and their comments are as follows:

"In equivalent terms, the consideration is considerably less than the NPV10 of
the Cisco Springs project as evaluated by OPC in its CPR of March 2007. We have
been advised by the Directors of Nighthawk that since that time the two
companies have become partners in several new development projects and the
acquisition can thus be considered a strategic transaction.

"We are also advised by the Directors of Nighthawk that since the OPC evaluation
a significant number of new wells have been drilled on the project. We have
inspected the data from several of these wells and confirm that the results are
in line with the OPC parameters assumed in the CPR, while in some cases they
have significantly exceeded expectations. Furthermore, additional acreage to
that evaluated in the CPR has been acquired and this could be expected to
increase pro rata the NPV of the project.

"Given this information, OPC is of the opinion that any revised and updated
evaluation of Nighthawk's interest in the Cisco Springs project may well reflect
a value materially higher than that originally calculated."

Drilling programmes and results

A drilling and development programme of over 60 wells commenced in June 2007 and
is ongoing. Drilling results to date continue to confirm the presence of
additional hydrocarbons. Commercial discovery wells have been logged and cased
as producers and are currently being hooked up to the Cisco production
facilities.

Nighthawk and Running Foxes have adopted a systematic and scientific approach to
field development including the shooting of seismic and the flying of an
aeromagnetic survey over much of the project area which covers in excess of
18,000 acres. The subsequent interpretation of this seismic and aeromagnetic
data has resulted in a better understanding of the reservoir distribution,
minimising the potential for dry holes.

Following completion of the previous ten well programme, Major Drilling, a Salt
Lake City based drilling company, commenced a seven well programme in late
October 2007. The three wells drilled to date, the Cisco 7-8-1, Cisco 7-1-1 and
Cisco 6-13-2 have all indicated hydrocarbon reserves in place and have been
logged and cased as future production wells. The remaining four wells will be
completed by mid-December. Additional drilling permits are expected to be
received from the Bureau of Land Management in the near future.

Another important recent development has been the recognition of the production
potential of the Mancos shale, which covers the whole project area. This
potential is currently being investigated, and to date, Nighthawk and Running
Foxes are encouraged by the results obtained at this early stage of evaluation.

In addition to the new well programme, a number of the 62 old wells that were
part of the original purchase package have been successfully re-entered,
resulting in increased production rates and the discovery of additional
hydrocarbon reserves.

A typical well costs US$140,000 to US$200,000 through to completion. Using
heavily discounted recovery factors the potential rate of return per well is a
multiple of 10 to 15 times drilling costs, amply demonstrating the financial
robustness of the Cisco Springs project.

The wells drilled are evaluated for conventional gas (on a 40 acre spacing) and
oil (on a 10 acre spacing) potential. The majority of new commercial wells
drilled are gas producers. However a notable feature of recent drilling has
been the discovery of significant oil zones.

Wireline log analysis is conducted by Atoka Laboratories, using Bowler JLog
petrophysical analysis software. Analysis of the final three wells from the
summer programme and the first three wells of the new programme has been
completed. The results, showing formations, depth intervals, estimated
hydrocarbons in place and total net pay thickness are set out below.

Well Formation Depth of Hydrocarbons in Net Pay
Formations Place (feet)
(feet)
Gas Oil
(MMscf) (Mbbl)

Cisco 7-8-1 Dakota - Cedar Mountain - 562-1,173 159 345 59
Brushy Basin - Salt Wash

Cisco 7-1-1 Dakota - Brushy Basin - 636-1,291 149 183 89.5
Salt Wash

Cisco 6-13-2 Brushy Basin - Salt Wash 1,194-1,312 47 218 50

Cisco 30-9-4 Dakota - Cedar Mountain - 348-1,340 367 - 159
Brushy Basin - Salt Wash -
Entrada

Cisco 30-15-4 Dakota - Cedar Mountain - 306-1,420 1,215 - 401
Brushy Basin - Salt Wash

Cisco 30-8-4 Dakota - Cedar Mountain 440-560 108 - 72


MMscf = million standard cubic feet of gas

Mbbl = thousands of barrels of oil


David Bramhill, Managing Director of Nighthawk commented "With the
implementation of the new production facilities, we are now in a position to
start to gear up production levels. Along with our partner Running Foxes, we
have demonstrated the ability to bring a project from exploration and
development to production status. Credit must be given to Steven Tedesco CEO of
Running Foxes and his dedicated team who have worked tirelessly on both an
almost continuous drilling programme as well as the construction and
commissioning of the new production facilities. This augurs well for the future
of our other development projects, in particular Jolly Ranch, where expectations
are high and the Devon Oilfield, where four water injection wells have been
successfully completed and pilot production will commence in the near future.
As a result, we are confident that Nighthawk will be reporting on further
development projects being brought into production in 2008."

David Racher B.Sc (Hons) Geology, who is a consultant to Nighthawk, has reviewed
and approved the technical information contained in this announcement.

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






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

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