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.

New investment in the Vogel Bartlesville waterflood project in Bourbon county in Kansas. Nighthawk have purchased an 80% working interest in a 10 well project for $450,000. Drilling depth to be 350 to 450 feet, with a net pay calculation of 25 feet with a 22 to 27% porosity. There are an estimated 3.1 million barrels of oil at an estimated 30 to 50% recovery rate. The whole drilling project to be completed by June.

HAWK mentioned in Shares Mag as a 2007 Penny Shares Play.

this one is climbing nicely on recent news...



Nighthawk Energy reports further positive drill results at Cisco Springs
LONDON (Thomson Financial) - Nighthawk Energy PLC reported continuing positive drill results at Cisco Springs and said that it has bought a further 640 acres of land with its partner Running Foxes Petroleum Inc at the project for an undisclosed amount.

The US-focused hydrocarbon production and development company said that recent drilling at six wells encountered commercial quantities of hydrocarbons and that they will all be completed as production wells.

Nighthawk said in a statement that the land buy, which includes the Broadhead 1 producing oil well, takes the total acreage held at Cisco Springs to over 17,000 acres.

It added that talks are continuing with private leaseholders to buy further land and that it will bid for a substantial amount of new Federal leases in the BLM land auction due to be held in Utah during the summer of 2007.

The company is planning to drill 60 wells over the next two years at at the Cisco Springs project, in which it holds a 37.5 pct stake.

Nighthawk Energy BLM Approval


RNS Number:9939W
Nighthawk Energy plc
22 May 2007


Nighthawk Energy plc

BLM Approval for Broadhead Tap and Pipeline at Cisco Springs Project

Construction of Pipeline and Engineering Works Underway

The directors of Nighthawk Energy plc ("Nighthawk" or the "Company") (AIM: HAWK)
are pleased to announce that the Utah division of the Bureau of Land Management
("BLM"), a section of the US Department of the Interior, has granted approval
for the construction of the Broadhead tap facility into the Northwest Pipeline
and the construction of a main link pipeline at the Cisco Springs production and
development project situated in Grand County, Utah. Nighthawk holds a 37.5 per
cent interest in the project and Running Foxes Petroleum Inc. ("Running Foxes"),
a Denver-based private company, is the operator.

Current natural gas production from Cisco Springs is sold and routed into the
Northwest Pipeline via a third party owned pipeline, the capacity of which is
limited to approximately 1 million cubic feet of gas per day. Nighthawk and
Running Foxes are currently producing up to 700,000 cubic feet of natural gas
per day. Upon completion, the new tap and compression facility will provide
offtake capacity of up to 8 million cubic feet per day.

The implementation of the tap and pipeline will bring numerous commercial and
development benefits to the Cisco Springs project which include:

* The provision of a reliable means of natural gas transportation, coupled
with sufficient pipeline capacity for the planned increased production at
Cisco Springs;

* The eradication of third party sales tariffs;

* A sales and transportation option for existing and planned wells in the
acreage to the south of the US I-70 Interstate;

* A reduction in wellhead flowing pressures and enhancement of both
production and ultimate recovery through the new gas compression facilities;
and

* A strong competitive advantage for Nighthawk and Running Foxes in the
Cisco Springs region.

The link pipeline will run from the northwest side of Interstate 1-70 to a tap
point on the Northwest Pipeline, south of Interstate 1-70. Various contracting
companies have commenced work on site and Polaris Drilling will bore a hole
under Interstate 1-70 and construct an eight inch pipeline to the tap.

Other project related equipment has been sourced and purchased and will be
installed at the tap facility. This equipment includes refrigeration plant,
dehydration plant, pipeline and compressors.

David Bramhill, Managing Director of Nighthawk commented "The approval by the
BLM and the planned construction of the Broadhead tap facility and main pipeline
are pivotal events in the development of the Cisco Springs project. Our
partner, Running Foxes, has put considerable effort into obtaining the approval
including in the undertaking of stringent environmental and biological surveys.
The implementation and completion of this work will bring major benefits to
shareholders and the Company in respect of Cisco Springs."


For further information please contact:

Nighthawk Energy plc 01271 882160
David Bramhill, Managing Director office@nighthawkenergy.net
www.nighthawkenergy.net

Hanson Westhouse Limited 0113 246 2610
Tim Feather tim.feather@hansonwesthouse.com
Matthew Johnson matthew.johnson@hansonwesthouse.com

Bishopsgate Communications Limited 020 7562 3350
Dominic Barretto dominic@bishopsgatecommunications.com
Fran Read fran@bishopsgatecommunications.com


Notes for Editors

Nighthawk is a hydrocarbon production and development company focused on
building a portfolio of assets in the US. Nighthawk floated on AIM in March
2007 having raised a total of #10 million.

Nighthawk holds a 37.5 per cent. working interest in the producing Cisco Springs
oil and gas project in Grand County,Utah. Running Foxes, a privately owned
Denver-based company, is the operator and majority owner of the project.

At the time of Nighthawk's admission to AIM, Oilfield Production Consultants
Limited ("OPC"), estimated the following reserves, net to Nighthawk, in the
Cisco Springs project:

P90 P50 P10

Gas (BCF) 74.9 94.2 116.2
Oil (MMBBLS) 0.3 0.6 1.1


OPC estimated the NPV10 of Nighthawk's interest in Cisco Springs to be US$192.3
million (approximately #98.6 million).

The Cisco Springs project area presently covers approximately 17,000 acres.
There are currently 18 production wells at Cisco Springs, primarily supplying
natural gas to the Californian market with ancillary oil production sold
locally. A major drilling and development programme is in progress with 390
well sites identified on the current acreage. Approximately 60 new wells are
planned in the next two years.

In addition, Nighthawk holds an 80 per cent. interest in the Vogel Bartlesville
waterflood project in Kansas. The initial project area of 160 acres, which the
operator, Running Foxes, estimated to contain oil in place of 3.1 million
barrels, has increased by recent acquisitions to approximately 960 acres. A
programme of production and injection wells is in progress to determine the
reservoir characteristics in preparation for flooding the reservoir and
production.




This information is provided by RNS
The company news service from the London Stock Exchange
END

MSCOKDKKCBKDDPB

good news today--better profits this way. this share seems way under valued to me.

Agree mp, agressive production programme on shore, low cost in comparison to offshore, maximising potential of known assets. Met the Mngt team at the t1ps Master Investor 2007 event. Bags of potential & HAPPY TO HOLD. Pse DYOR.

Is it sunny in Devon today?

M+ .... sp has certainly performed well and it's good to see a modest/sensible spread on such a small stock .... whether it is undervalued etc etc, i really have no clue

lovely day in Devon today--and shares are doing well as well!

cynic--I should buy some if I were you--they have 60 more wells to open up and lots of success so far. only my opinion of course!

recent t1ps Aim Newsletter recommendation and target of 83p.

Going like a train at the moment. Lovely jubbley.l

It's been tipped everywhere, iii, uk analyst, every buy seems to move it, think this will be over 50p tomorrow the way it's going.

ok you bastards .... you have suckered me at 36.75, so the call had better be right or there will be a lot of abuse flying around this thread ..... rotfl!

cynic, you won't be dissappointed, you can either slate it as another spiv stock or you can enjoy the profits like the rest of us. I trust you had a little look at the company before jumping in. Unlike GOO and CHP they already own 37% of Cisco Springs, with over 60 wells that are producing and another 60 or so to be added over the next couple of years. Value of Cisco was 98million before pipeline. Thats 3 times the current market cap, and gives you Vogel on a free ride. Given time this should reach 83p on what they have now, if in 2 years they manage to double production at Cisco you could be looking at 166p at least.

nice rise today-that's cynic's buying! keep going like this he'll be out again soon lol.

and he'll no doubt buy back in when everyone else follows his suit!

Nighthawk have now paid Running Foxes, their full consideration less a discount for early settlement, of their 37.5% share in Cisco Springs. This should now raise sp to 65p purely on the current valuation of CS.

Hi cynic, bet your glad your in.

too early to tell yet ..... plenty of time for sp to crash!

Thats our cynic, lol. I think this ones now on the way up.