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.

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

if someone has access to yesterday's Times, i believe there was an interesting snippet in there about HAWK ...... suffice it to say, that having taken a profit at 58 a couple of weeks back, i have reinvested even though i had to pay 64.5

and a very jolly day here too (as well as PFC) ... a bid for both PFC and HAWK really would cheer me no end!

first oil to be announced soon - bid imminent now for hawk i hear!

bid is possible but prob less than 50% within say next 4/6 months

I've heard a whisper that there may be some news shortly.

Let's hope it's true!

may be and whisper say it all

walls have ears!! whispers good to me - i got in fairly early on this - not at first unfortunately but i think we all agree hawk will continue to soar

We could see 75p next week .

Keep on buying HAWK...I tipped to buy at 50p...see post 287

I tipped on day one of trading at 28p mid. This is probably on its way to 200p within a year. IMO, DYOR. Good luck all.

agreed - lets hope for more continuing good news!

all curious stuff ..... late surge yet volume only about norm and balanced equally between buys and sells

Maybe leak of some imminent news or the rise in oil price?? Your guess as good or better than mine!

80p on monday ? 90p with good news