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.

just topped up albeit that i had to pay a couple of coppers more than i wanted

Nighthawk Energy says Waterflood operations now bearing fruit
AFX


LONDON (Thomson Financial) - Nighthawk Energy Plc. said its Waterflood operations, namely the Buchanan Group projects, and the Devon Oilfield project and the Xenia development project are now bearing fruit.

In a statement, the U.S.-focused hydrocarbon production and development company said its expectations are high for the recently acquired Xenia project, located in Kansas.

Nighthawk has acquired a 50 percent working interest in the Xenia project from Running Foxes and development is now underway.

'Continuing drilling success at our Kansas and Missouri based projects should increase our reserve base considerably,' said managing director David Bramhill.

The company added that the U.S. refining demand remains robust and it expects these projects to provide significant and growing long term cash flow.

Confess, i was looking to buy last couple of days but declined, cant see whats so bad in RNS

surely it cant be flow rates...?

An average of three wells per week are currently being drilled to take advantage of good weather. To date, six wells have been perforated, put on pilot primary production (without water injection) and are flowing at rates of 1 to 2 barrels per day (BOPD) and approximately 30,000 cubic feet of gas per day in aggregate. The other wells drilled will be put on primary production in the near future. Once the waterflood process has been completed, production per well is expected to increase significantly, typically by between two and ten times over that seen under primary production.

I have never looked at hawk, but seen some refer todays fall and wonder why and
came across this which i feel you should read.


from a poster on triple i

Have received the following (part of) from David Bramhill. Hope this helps clarify the position and is serious enough for some posters.

"The year end results in respect of Nighthawk will be issued in mid to late October. Yes the results for 2007 were issued on 27 September, however, please do not construe that because the results are not issued on the same date that there may be a problem within the Company and that the results are late. In actual fact we have until end of December to issue these.

This year will be the first year tht the full results will be compiled under the new IFRS accounting policies - rather than UK GAP. You will see a dramatic change in the amount of information included within the report. There are a serious number of new disclosures, and new information to compile which of course takes a considerable amount of time to put
together.

In addition, because of our market cap the auditors actually had to visit our projects in the US to determine that they existed - believe it or not. Not a bad thing as I think that the more dd applied to companies the better. Again this takes extra time. I hope that you do not mind me spelling out to you chapter and verse as in this terrible market
many investors become very uncomfortable hence you, as an investor deserve an explanation - even if your question was a simple "when are your accounts issued this year?"

regards
cyril

I cant believe this is the levels that I bought in at back before Christmas and thank God I sold out for double my dosh once the shorters had a dabble back in June. Sometimes these de-rampers are annoying, in fact most times but in the current markets, the market cap was very high for a company still with little production but lots of potential and thats why I took my profit when I did (one of only a few things to go right in 2008!!).
I've been tempted to get back in many times but this share has seemed way to volatile, in fact at the moment its a traders dream and at these prices an opportunity for long-term investors to add to their holdings.

The HAWK has landed

but can or will it take off again? ...... many stocks have been hard hit of late, which is scarcely a surprise ...... however, with the US bailout 95%+ certain to be finalised by late evening tomorrow, monday could reverse an awful lot, albeit that it may be relatively temporary

is there anything untoward wrt this company or is it just ffollowing the market slump. it looks like a good SP to get in at does it not?

Hawk's problem is that they are doing a lot of drilling but production of only one or two barrels a day so far from each well can hardly cover their costs.

The point with HAWK is to build a large porfolio of assets and sell them on block to the highest bidder.

This will probably be within the next year or so, as DB wants to then move on with his new baby Osceola, developing coal bed methane in the US.

There is nothing wrong with HAWK, it is just market conditions.

Oily if David Bramhill hopes to find a buyer for Hawk he has to show that actual production is greater than 1 to 2 bopd per well. Even the likes of SER and IVE are producing more on a much lower market cap.

bargepoles IMHO -
Anyone visited the site?
fair value 1+
Huh . . . . nearer to 4p, that is until something produces profits and these result in some return to investors . . . otherwise what are you spending yr money on?
Current 35p, - - - suffered a 25% fall today.

Robert, I learned the hard way that buying a share just because its a much better price than it was yesterday is an easy way to lose money.

I too am learning the hard way. I was in these a while back and sold out even, they then went and doubled in SP :(

Was just wondering if worth re-investing[needed to sell last time to liquidate some cash rather than losing faith in company - damn those expensive kids of mine]

Alex

Set yourself a rising buy based upon technical analysis

No point in regretting selling while they were even.

If I have 10 investments, about 3 will go down to my stoploss (~20%) , 4 will stagnate and I'll exit even, and 3 will go up. Those that go up tend to go up substantially because I prefer high risk/reward, such as tech and oilers, so overall I make a decent profit. For every trade where you get your timing wrong (in hindsight), you'll have another where you get it just right.

If you use level 2, it helps swing things slightly in your favour too.

Back to 20p I'm sure in this market condition.

UPDATE!! looks very good,bought@45p.

Nighthawk Energy says Jolly Ranch wells find hydrocarbons in multiple horizons
AFX


LONDON (Thomson Financial) - Nighthawk Energy Plc. said the five vertical wells drilled to date at Jolly Ranch have encountered hydrocarbons in multiple horizons.

The company said the Jolly Ranch Group project now has 13 further wells permitted, which are planned to be drilled before the end of the year.