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.

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

Keeps going up on RNS's, and retraces within the hour every time. However when new valuation comes out I think this will rise and stay up.

When we have some actual production rather than "pie in the sky guesstimates" then the SP may take off.

There's no "pie in the sky" about this one. Just patience.

Sorry I should have said "jam tomorrow".

Now we are moving towards 60p . About time to !

Good week for hawk , lets hope this week is better .

Oh !, one of my stocks is rising, well that makes a change, as taken a knock on the small caps lately.

strong buying today, building up momentum now

Evening all!

HAWK Bid: 56.5p Offer: 57.5p Change: 1

RNS out today:

Nighthawk Energy plc - Devon Oilfield Update
RNS Number:7120O
Nighthawk Energy plc
26 February 2008

Nighthawk Energy plc


Devon Oilfield Update


The directors of Nighthawk Energy plc ('Nighthawk' or 'the Company') (AIM:
HAWK), the US focused hydrocarbon production and development company, are
pleased to announce that the State of Kansas has given approval for the
injection of fluids in the initial four injector wells at the Devon Oilfield
Waterflood project in Bourbon County, Kansas. Nighthawk holds an 80 per cent.
interest in the project and the operator, Running Foxes Petroleum Inc. ('Running
Foxes') a 20 per cent. interest.


The permits issued grant the operator, Running Foxes, the authority to inject up
to a total of 1,200 barrels of fluids per day into the Bartlesville Formation at
depths of between 350-500 feet for the purpose of enhanced recovery of oil on
the Devon project.


The Devon Oilfield covers an area of 1,764 acres and 33 successful appraisal
wells have been currently logged and cased as future producers. As previously
announced, the oil in place is estimated to be in excess of 10 million barrels.


A central production well and four injection wells have been drilled and cased
in a four-spot pattern within the project area. In addition, oil storage tanks,
flow lines and other surface facilities are in place. Injection and test
production are expected to commence within 30 days.

*******

Looking good. PDYOR.

good grief ..... it's that old raspberry from B'mouth back in the land of the almost living!

nice to hear from you ST.

Evening ST, long time no Post. Let's see what they do with Jolly Ranch!

We have breakout, not surprising really (oil $102) !