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.

Perhaps the header can be updated for current fair value estimate now?? Thanks.

Oh one other point, I understand that full production won't be achieved until around 2013 ish, so this share may have a long way to go yet. DYOR :-)

Hi silvermede, this is only my calculation of worth and isn't guaranteed. I'd like to think that it is worth at least that and more with future developments to take into account. Good luck to all holders, see you all down the Noble showrooms.

A bit of profit taking going on at the moment, looking for a dip in sp to top up.

Silvermede -Is this the same David Bramhill that ran Cambridge Minerals, quite a few years ago?

shall endeavour not to sucker myself into buying more ...... it would be pure greed ..... on the advice of you guys (very many thanks) i got in with 1/3 norm stake at 37, so still have a tasty (paper!) profit

ditto cynic-sitting on my hands with difficulty!

Google search came up with David Bramhill, the former boss of Cambridge Mineral Resources who sold Oil Quest in February 2006. The very same!

Silvermede, header updated, hopefully to your satisfaction.

hi guys i missed this one would it stll be a good buy yr/t

I think it is still a good buy, silvermede thinks its fair value is 119p.

The White Opening Marubozu is a single candlestick pattern characterized with a long white body displaying a shadow on the closing side and but no shadow on the opening side. This shows that the day opened and then the prices continued to go up all day long without coming below the opening level thus forming a long white body, however prices did not close at the high of the day and thus they created an upper shadow. It is a typical bull day and strength of the bulls is enough to cause some concern among the bears. A White Opening Marubozu, on the other end, does not show as much bullish strength as in the case of White Marubozu.

could not paste chart sorry.

Excellent

thanks saturn5 -if this is right there should be no change in the close tomorrow

Hello everybody
I am very please to have found this thread (I am Italian and live there) I am in HAWK as well more by chance then the capability.. ;-))
last week +/- I liked the news so I got in and bingo!!!
Yesterday at 47.50 I took some profit (left in 50%)
but most likely I will add to them.. when they settle and found a new support

reading all the posts and for what Oilyrag write and analysed it (btw compliments + bravo) I was looking for a long one I believe I have found it IMO

you carryon posting you all doing a good job

have a good day

Micky, Its not too late IMO, this is going to be massive in time.
Ciao, welcome aboard, you may regret selling 50% of your stake. but then no-one ever lost money taking a profit.

Up 1.75p in 5 minutes to 48.25 mid. COME ON MY BABBY, KEEP GOING.

These are flying !

Up 3p in 10 minutes to 49.5p mid.