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.

These seemingly inexplicable drops seem to happen across the board from time to time.
Stupidly cheap now and I'm in for more now the worst seems done.

I doubt the worse is over yet.

what price do u think it will drop to hyleo? any clues

HAWK has been a stunning performer for all sorts of good reasons ..... however, it is still a small company (have not checked how small) and was only fairly recently floated.

the chart below, of whatever value that might be, is pretty nasty, but i would hate to think sp would have to drop to 200 dma before finding solid support, though that is (i guess) the indication

Nighthawk Energy is a company that i feel is still worth investing in and that will make investors alot of money.

The reasons behind this statement are because of the following facts

1. Libertas Capital report 18th June 2008 was an excelelnt report which highlighted how good an investment Nighthawk is, giving this company a share price of 2.35 in 12 months

2. Powerhouse.com-23/6/08 report re emphasis the Libertas Capital report and also gives a valuation of 2.40

3. Cisco Springs (extract taken from Nighthawk website)

Nighthawk and Running Foxes, as part of their expansion and development plans at Cisco Springs, have constructed an independent pipeline tap and new production facilities. These facilities were commissioned in early December 2007.

Significant commercial and development benefits are expected from the implementation of the tap and new production facilities, which include:

The provision of a reliable means of natural gas transportation, coupled with sufficient pipeline capacity for the planned increase in production;

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 the wellhead flowing pressures and the enhancement of both production rates and ultimate recovery through the new gas compression facilities; and

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

Nighthawk and Running Foxes are well positioned to be the primary partnership in the Cisco Springs region through the future development of the project with substantial known gas reserves. The current drilling programme of over 60 wells, all targeting multiple pay zones at relatively shallow depths, is likely to confirm the presence of considerable further gas reserves. In addition, a focused land acquisition strategy offers the potential for significant upside.

Bad times in the market all round !.

HAWK has been weak lately...looks like no support until 60p. It has gone up too fast.

wow hyleo98, never knew it was quite that technical. We'll just completely ignore the shorting campaign that seemed to be flagged in advance eh...

Banked my profit Friday as away for a few weeks and if shorters get hold of this it will knock it down for a time until reserves are proven and/or production starts.
Was (and still am) unsure if I'd done the right thing as the potential portfolio of HAWK is huge and hence the high price targets of several brokers and therefore have set a buy limit as this is still a good company and probably will get back my shares at a lower price.

makes sense Andy good luck. I tried that in the past but when Hawk goes up, it goes too quick for me to grab a slice of the lower sp's, making it mostly an exercise in stress for just a few shares extra.

The market is just terrible....no faith in the American economy...good stocks across the board being knocked down...!.

the last year should be the final evidence to show that uk should break links from usa.....the usa r a shower anyway.

sorry to depress u, req.....but july is going to be a stinker.....i reckon dow jones could go to 9500 very soon which means i think ftse will be 4900 by end of month

i read some stupid fund manager saying things cant get much worse last week as if u took out oil / mining, ftse would be under 5000 already....mmm, market and charts dont work like that.....i reckon ftse will end up about 4500 before things turn around....so we are only half way through since star of year.....maybe by christmas things will turn around

pass us the prozac in the meantime

This is being heavily shorted and will be a storming buy once the dust settles.

71p now...further selling going on ...take a profit if you are in it cos it going lower

Can anyone hazzard a guess at where this should bottom out.

50p

just above 60p?

hyleo

do u think this will still go to 50 or 60p?

this has rocketed to 85p but drifted a few pence since then.....what the hell is going on with this share

I think it is recovering too strongly now to see that happen, there is optimism then there is out-and-out theft after all ;-)

OPC and other updates are quite imminent and think the buyers returning now know this. Funs over.

What the hell is going on, down to 69p at one point and then back up to 90p before settling, strange stuff here with HAWK.