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.

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.

Well 20p never happened. The update is very good and now talk of whether Cisco will now be sold-on early to pay for speeding development on the waterfloods and Jolly. These projects are suggestive of substantial income for such a small share issue and it appears to me that David Bramhill has pulled one out of the bag just when it was needed. On competitor boards a fairly level-headed calculation was done that if the lease rights were sold off we could be looking at 600p a share for that project's 300k acres alone. Hope Curry doesn't mind my pasting it here:

"..$15k/a, for our 300k acres, that is $4,500,000,000

4500m/2 (our share) =$2250m

say rate is /$ 1.8 = 2250/1.8 = 1250m

say about 205.5 million shares (as per total voting right rns recently)

1250 / 205.5 = 6.08 / share net to hawk


the only variable in the whole equation is the price of the land, which is based on what BP have actually paid cash for shale projects, as per hanson note


ps.... but of course we would need to proove it up more first...lol"

...

As you see things appear to have turned around very dramatically. The new DS Note refers to Hawks cash position very favorably too. The sp plunge did scare the life out of me but I didn't bail as I was convinced it was the wider market problem and nothing to do with Hawk per-se. Certainly Hawk's peers have been bashed just as hard, but Hawk always did have quite a following, much of which of course was on leveraged positions stopped out by the institutional panic sells.

Seems to me the Hawk is indeed about to soar again. Strong cash position, imminent and easy-recovered oil to fund the big projects (possibly enhanced by a Cisco sale?) and the icing on the cake -just 206M shares.

i accept that HAWK may not be a producer as yet, but from what i have seen, they do not seem to have put a foot wrong ...... may top up once we know for sure this poxy bill has been passed in USA, though indications are now very promising

cynic, the bill is irrelevant to Hawk IMHO, the institutionals that had to bail in the main market panic have already done so, and the clear BB consensus is that bottom happened just under 40p recently. Still so much upside now that even if you await a few more tens of pence rise to confirm things for you, still good profits to be had. I have added again and feel happy to see how these new focuses of attention now develop. They certainly are 'wow' figures and caught even an old Hawk bull like me by surprise. Make no mistake, this is the company transforming development that was hoped for and Hawk is on a well defined roadmap to being a significant oil producer.

Feel much better after such a horrible few weeks and I have a huge amount of excitement now about this company.

bill is relevant to every damn stock in the world! ..... if by some chance the bill is not passed, nothing will be spared

that would mean we're dooooomed??? Well let's hope the worst doesn't happen, going back to the Mad Max lifestyle doesn't gell with my arthritis.