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.

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.

i sold out in early 70s as i didnt want all my profit to disappear.....bad move by todays sudden increase.....however i think this month will be a bloodbath and so hawk will get moved down again

Nothing wrong with banking up a profit, thats why I sold Friday.
It nearly hit my buy instruction today before rising !!!!!!!!!!!!
Have the shorters closed their positions?

dont think so andy but a lot of automatic buy trades too.....seems a great trading share in last week.....plus markets are volatile......trend is down still however even with todays rise so who knows.
unless u hold for another year or so, this is pure gambling if u r just in it for a week or so right now

but 'trends' mean diddly-squat for some stocks scotinvestor -today proved it.
hawk was manipulated down -that isn't something that could be foreseen in graphs. Unless of course chartist admit that visits from dodgy gangs of thieves, sorry, I meant 'organised short traders in nice pressed shirts and ties' are a legit part of a chartism...

;-)

It seems to me that HAWK is doing much the same as IVE and SER by re- entering old oilfields that became uneconomic but now with the price of oil where it is are worth re-working. However none of these wells were enormous producers in the past so we cannot expect a sudden bonanza but more likely a steady but small flow of gas and oil. The question is will production be sufficient to justify their market capitalisation?

halifax, like-for-like with the past isn't really workable, not only are detection methods a huge improvement from the old-days (3D seismic for one..) but recovery methods are much more efficient. HAWKs' oil is mostly a nice bonus, as first and foremost it is a gas play -and they have a huge amount for an eager market. The imminent OPC report will be regarded as the source of up-to-date fact on HAWK's market cap projections. Best stay away if you're in doubt though, but I think you'll rue watching HAWKs' sp as time goes by, as production is now stepping up month after month. I cannot miss getting on what will be a mid-tier O&G company at these prices, with hydrocarbon prices going the way they are.