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.

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).

TW's tips not doing at all well at the moment.

Well, it's like the rest of the market, my porfolio is bloody awful at the moment (except in the ISA, where I can trade in and out quickly),(must be trying to tell me something that), but Tom is one of the best, his record speaks for itself, but good stockpicking and patience and sometimes good timing is the key, yes sometimes he makes mistakes but overall very impressive, he hasn't tipped fully this one yet, but he might !, I think Shares rates this as a buy and I think so does IC.

Sooner or later there will be a burst upwards for this stock, excellent little long termer to keep in a Sipp...

Its holding around 50p , I think another move north is on the cards .

Yes fliper I think so too !

HAWK is a BUY BUY BUY...won't lose at 50p. Dirt cheap