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.

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) !

Hey, if I'd known I was going to get that warm a welcome, I'd have staged a comeback more frequently! :o) Nice to see all of you!

Cynic: indeed! Reports of my death have been greatly exaggerated. I have been in cryogenic freezing and just thawed out sufficiently to type these posts when they removed me from my pod for cleaning.

And here's a pretty picture I drew...:

it has taken a while, but as far as i can see, HAWK has so far not put a foot wrong

Spread is quite encouraging too: HAWK Bid: 60.75p Offer: 61p Change: 4
Buy:Sell almost 2:1

Cynic, this is one oiler that is not entirely about speculative drilling, as they have all of those producers lined up at Devon and estimated 10mmbbl of P90 reserves. Don't ask me to remember any details about Cisco, etc., but it too appears promising.

me the cynic? ..... have you been studying hard or something?

:o)

I presume news coming tomorrow! If not this could be a build for Friday......

Really flying now

doing very well indeed ...... but very difficult to know when they have got too far ahead of the game .... by the way, what's due tomorrow? .... figures?

A little fall back today , but greater gains to be had next week .

Still holding up well. Perhaps it's getting ready for the next push up. Others in the sector doing well too.

http://momentum-trader.co.uk

According to Sharesope: next interim results due on Friday 14/3/08.

Whilst Cisco & Devon will make good money, I understand that the city is really interested in the Jolly Ranch part of the HAWK portfolio.

Hola! The results came out today, in fact. No nasty surprises, all the news looks encouraging (albeit nothing we didn't already know) and they've got 17mil in the bank.

Scarcely surprising that there was a bit of profit-taking today by short-termers, but I'm happy to hold.

PDYOR, etc.

Does anybody know when they are going to produce commercial quanties of oil and gas and how much? Or is this still more pie in the sky?

Hi Halifax. According to recent RNS's (a mention of this should be in today's results too), a large number of wells have been logged and cased as producers - so commercial production is on the way. although what the timetable is for getting the infrastructure set up, I cannot say. Of all the pies out there, this one appears to be quite close to the ground. :o)

PDYOR, though, as I'm saying this from memory.