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.

: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.

Halifax, this does not quite answer your question, but the companies strategy is clear. Expand & prove up their asset base to increase the share price and then sell the lot. From previous discussions David B has mentioned that a sale could take place when they had increased their market capitalisation to circa 250m, so currently half way there, but that remains to be seen. I think they might well achieve that target quickly and then hold out for more. Time will tell. Either way, I intend to hold until the bidding war is underway or has concluded.


From Thompson Financial:

Managing director David Bramhill told Thomson Financial News that Nighthawk expects to be self-funding within the next 12-18 months as its various projects begin producing.

It is part of the company's strategy to build its asset base within the next two years and then sell to a mid-tier oil and gas producer, Bramhill said.

That strategy sounds fine but shareholders should be told the likely output before the company is sold otherwise how does one know whether a fair price is being paid?

Nighthawk Energy plc
12 March 2008



NIGHTHAWK ENERGY PLC



DIRECTOR / PDMR SHAREHOLDING



Nighthawk Energy plc ('Nighthawk' or 'the Company') (AIM: HAWK) announces that
it received notification on 11 March 2008 that on that day, directors of
Nighthawk purchased ordinary shares of 0.25p each in Company. The number of
shares purchased and resulting shareholdings are detailed in the table below:




Director Number of shares Price paid Resulting holding Resulting
purchased percentage holding

Dr. Roger Norwich 100,000 63.00p 4,534,000 2.23%
50,000 61.50p

Joseph O'Farrell 25,000 61.50p 4,625,000 2.27%

David Bramhill 20,000 61.50p 5,437,400 2.68%

This looks a good sign of future prospects

Halifax, that's a good point, but I have a feeling, based on experience of how oil comapnies like to publish their reserves and production prospects as they go along, that we will be given plenty of information. Certainly the institutions will be wanting to know if a fair price is being offered should there be any takeover or sale of assets, so there will be some measure of protection. The only problem will come if there is only one potential buyer, but unless HAWK goes through some major problems, they should be selling from a position of strength and therefore won't be obliged to accept a derisory offer.

IMO, etc.

LONDON (Thomson Financial) - Nighthawk Energy PLC said non-executive director, Roger Norwich, purchased 25,000 shares in the company at 61 pence each and now holds 2.24 pct or about 4.6 mln shares.

on the up again.....expect various news soon

Had a note to buy at approx 55p, never quite got there, perhaps being a tad too greedy in the current climate???!

daniel stewart the broker has target of 90p and another broker is north of 150p!!!!!

Hawk will be a star performer this year, tempting to add to my holding