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.

you forgot to highlight and/or read gave indications of ..... that said, i remain a fan of this share, but keep my fingers crossed

yeah agreed and done...with important edit too

Some investors have totally mis-read HAWK's original business plan.
The basic idea was to aquire and prove up resources with the intention of selling them to the highest bidder.

Jolly Ranch, seems to have thrown a spanner in the works, as it appears to be such a good find that HAWK may have changed their minds to develope the asset into full production instead.

With regard to valuations, its worth whatever someone else is prepared to pay for it. Personally I think it will sell for somewhere between 250p which is DB's original target, and 500p.

gnash, I would just like to point out a possible error in your calcs. When selling a company like this, some, if not most of the assets are subject to a certain ammount of speculation and therefore will be dis-counted to sell at a price, so that whoever is buying can make money out of it. Also the total potential profit in a well will be diluted over the lifespan of that well. So if Jolly Ranch was to last for say 30 years you would divide your calc by 30 odd and multiple up by your PE, maybe 4 or 5 would be reasonable in this instance.

All of this is my personal view and is not intended to mislead anyone, However, yes I do hold and intend to untill conclusion, or entry into Osceola whenever that kicks off.

2.8billion barrels of oil.... now that's a really big pie in the sky..... daniel stewart are trying hard to improve their credibility....not.

Yo oilyrag, -not my calcs, a cutnpaste from elsewhere, which was admittedly on the light-hearted side (we deserve it after recent weeks eh?). But it shows how the sale price is becoming the prominent talk, I think all but the most skeptical followers know we have a 'biggy' now.

tbh, I will be dancing if I score 250p, though I think 500p is way more likely, and yep, I never thought I would say that, such is the impact of the Jolly 'surprise'.

Check out this new note from HW:
"..The continuing drilling success reinforces our opinion that Jolly Ranch is developing into a world class project..."

http://www.mediafire.com/?sharekey=12d772bfd3911c21ab1eab3e9fa335ca526f0b2f70bc7afb

halifax, why are you so sore? caught-out by the recent rise? LOL
Don't worry, I'll keep you posted come sale time and remind you of your skepticism, or alternately, you will be able to show me my faith was misguided. Lets see.

sp ticking up again this morning which implies that yesterday may not have been just a flash in the pan .... however, it is worth remembering that only about 3 months ago, sp was north of 100

Yep cynic, but we had a world markets crash which took out the whole sector, so Hawk was 100% blameless. This is a golden opp to revisit last summer's prices, but with in effect a far more lucrative prospect to boot.

i was just making an observation

I know mate, just saying for the new investors that may visit here :-)

Guys, check out PTR (Petroneft on AIM),....might have hit the bottom as well...I'm at a loss on that one but am keeping the faith...you will get in at a much better price than myself !.

Wooosssshhh...this morning, thar she blows (West country accent) !.

thought i might have been a bit rash yesterday topping up at 43.75, but so far it looks a good move

Might be in the mid fifties by the end of week...the way things are going...loads of buys by what I can see on Money AM.

trouble is, that could be the 10-day traders and similar who will just as quickly evaporate or be forced out

Certainly looks like the HAWK has lifted off

and decent volume too

Pullback time...still think that this will be in to the fifties shortly...hope I'm right !.

it's had a hell of a run of late, and some profit taking was almost inevitable

profit taking expected - good time to add on dips - my original target for hawk for sometime is between 300 & 500p nothing changed since my research in fact it just keeps getting better - just a bit more patience! gl all