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.

tbh everything (apart from hedge funds and bloody banks) is a bargain now, but hawk has a really high multi-bag run ahead when the market turns. Probably one of the highest out there, banks'll never be trusted again.

I'll give it another hour or so to see if it falls to sub 20p. Being Friday, historically sp rises nicely as peeps don't like to be out over the weekend.

I note that a few investors here are thinking of buying in...perhaps for once I did the right thing of picking up some yesterday !.

Bought @23p is this the bottom or close to it??

Just ticked up.

I would like to think so...tuck them away, in a few months time they will be back above 30p again !.

Thanks RF might buy a few more before the day is finished

rf, in a few months they could be double that, 30p suggests months of level sp progress, hawk has never done level :-)

gnash, As soon as market sorts its self out, and its starting with higher levels of investment on spread bets from yesterday, then I would expect a very sharp rise to the 60p level. This could also be pre-empted by a single positive RNS. IMHO.

At the moment we have a considerable quantity of distressed sellers and short term sp could still fall. Good luck to all.

oily, look a few weeks, or months ahead. An RNS starts "the directors of NightHawk are pleased to announce advanced discussions with xyz on the sale of the Jolly Ranch lease..."

That morning the sp will be the star of the markets and the doomsayers and nervous-nigels who stayed out at these prices will regret it the rest of their lives.

Something to look forward to, Bramhill will pull this off, it's hurtling towards us like a train

In that senario, you could be looking at 300p to 500p area. DB always said that as soon as mcap reached his target, he would sell.

I am convinced he will pull this off before he gets OSC floated, any number of BigOil will want that field now, they just need to fully verify the oil there. They may well do this very discreetly and sooner than anyone expects. This is an internationally significant discovery and the idea it will just have passing BigOil attention is crazy. They are probably already doing the math.

That I believe is his intention, to sell HAWK before floating OSC, as it must be a headache running one floated company, nevermind two.

I for one will be following DB into that one.

I cannot believe that anyone would now sell at this price and yet they are...nuts !, anyone worked out what the market cap is now ?.

Market cap around 40m, sp continues to slide.

Thanks halifax !,......there will be a serious rebound...the question is when ?.

When the oil pice stops sliding, possibly heading down to $40-$50.

i do not believe for a second that we will see oil down to $40/50 as even the likes of saudi will just stop pumping .... from memory, saudi are the cheapest producer at with b/e around $55

as for the value of HAWK, where on earth did oily get his valuation of 300-500p?
for myself, i would be very happy with 150p, though i may not live enough to see it!

Big 4 wheel drives will be out again....there has been a lot less on the roads as of late....must be in the garages waiting for the oil price drop !.

I find this conversation quite staggering.

If we have reached the bottom then you may well be right, but why take the chance of catching the falling knife?

If the market continues to drop then the MM's will continue to walk the price down. Could easily be 10p in a few weeks so why not wait til better times. Anybody who buys AIM stocks at the moment must have money to burn IMO