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.

Excellent interview with David Bramhill the nighthawk managing director over on www.sharecrazy.com Well worth listening to.

just managed to get the link

http://www.sharecrazy.com

Nighthawk Energy Jolly Ranch Update




RNS Number:0137K
Nighthawk Energy plc
17 December 2007


Nighthawk Energy plc

Jolly Ranch Update

Highlights:

* Land base increased from 84,000 acres to in excess of 139,000 acres

* Refinement of 3-D seismic identifies additional drill targets

* Expansion of 2008 development drilling programme

The directors of Nighthawk Energy plc ("Nighthawk" or the "Company") are pleased
to announce an update on the Jolly Ranch project. Nighthawk and its partner
Running Foxes Petroleum Inc ("Running Foxes"), the operator, each hold a 50 per
cent. working interest in the project.

Jolly Ranch is located in Lincoln County, Colorado within the Denver Basin where
production is drawn from Mississippian, Pennsylvanian, Permian and Cretaceous
reservoirs.

As reported on 12 November 2007 a successful 3-D seismic programme covering 21
square miles was shot over key sections of the Jolly Ranch project area
including the Bolero and Craig Ranch oilfields which were abandoned in the 1990s
due to low oil prices. In addition, a detailed soil gas and iodine geochemical
survey was completed and numerous anomalies correlating with targets identified
by the 3-D surveys were identified.

The land base of the Jolly Ranch project was initially 40,000 acres. A further
44,000 acres was acquired in November 2007 bringing the project area to 84,000
acres.

Nighthawk and Running Foxes have continued their land acquisition programme.
These efforts have resulted in the purchase of a further 55,557 acres, bringing
the total project area up to 139,577 acres.

With the ongoing interpretation of the 3-D seismic data and other technical
studies, additional drilling targets have been identified. As a result, the
drilling programme has been re-evaluated and an expanded programme for 2008 is
now planned.

A refinement of targets has been undertaken and four new high priority drill
locations have been selected. These initial wells, termed the Four Kings,
namely Elizabeth, Henri, Phillip and Sixtus, will test multiple stacked targets
in the Marmaton, Morrow, Atoka, Cherokee and Mississippian. Well permit
applications have been submitted to the State of Colorado for approval. The
first well to be drilled will be the Elizabeth which is scheduled to spud in the
first quarter of 2008.

While it is very early in the evaluation process of Jolly Ranch, Running Foxes
estimates that the aggregate potential of the targets is in excess of 100
million barrels of oil in place with significant potential to increase that
estimate based on the extent of the current seismic features seen.

David Bramhill, Managing Director of Nighthawk commented "Since the original
acquisition of the Jolly Ranch project in August 2007 our expectations of
successful future development have increased. Independent technical evaluations
and studies of historical production wells located on the Bolero and Craig
oilfields drilled in the 1980s by BHP and Anshultz have indicated significant
oil in place and identified additional by-passed oil zones. Whilst the project
is still at an early stage of development and the usual risk factors apply, the
results of the 3-D seismic programme and the substantial land acquisitions have
greatly increased the upside potential of Jolly Ranch."

David Racher B.Sc (Hons) Geology, who is a consultant to Nighthawk and has over
37 years of experience in the hydrocarbon industry and previously managed the
Lasmo plc onshore US portfolio in Kansas, Louisiana, South Dakota, Texas and
Wyoming, has reviewed and approved the technical information contained in this
announcement.


Enquiries:

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

This backs up what David B said on Board Talk Re: Jolly Ranch being a potentially big find.

Merry xmas and happy new year everyone.

Same to everyone and let us hope Nighthawk rise above 60p where they should be.

http://www.mediafire.com/?ffnmvn4jjmx

New Broker Note!

This is well worth reading..........................Price target 90p

File called : Daniel Stewart 2008 January.pdf

he sure don't mince his words ..... rated SIL as sell with zero as target!

He might be right yet!

Bucking the trend today.

Placing at 46p to raise 14m, although will see short-term drop in sp promising to raise funds in these market conditions

Market seems to like it. Jolly Ranch is thought to have big potential.

Tremendous, well financed, with exciting development ahead in a stable country, I love it (I hope).

Nice looking upward trend developing, steady overall upwards incline, possible breakout as long as oil and gas prices remain steady.

you're right .... this is much better than i thought .... very good to see an upward break with good momentum .... but then HAWK deserves it as it has consistently (so far) come up with good drilling results

bought in yesterday on drop, worth a gamble!

Lovely rising trend and graph, just wonder if we are about to see a spike upwards now ...

Can't help but feel this could go to the upper 50's in the short term...

When do they expect to start pumping oil/gas?

Well,at Cisco they are starting to tie up things as we speak, what will happen is that production will get going and keep on increasing steadily, my way of thinking is that the markets will end up being impressed by this newcomer, I am for one and I reckon that within 3 to 6 months we shall see this little producing gem above 60p, Tom Winnifriths called this company a cash cow, and I suspect could be tipping this one very shortly (just a guess).