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.

Thereafter they hope to ramp up to 5000 bopd.

surely you mean 50,000 or more - lol!

No 5000 bopd is end 2009 target they are also going to raise funds to meet rising capital expenditure probably by issuing about 10% more shares to new investors.

Reading through the RNS's, I would like to guess in excess of 10000 barrels of oil per day at end of 2009 attributable to HAWK.....but this will continue to increase as more and more wells are bought on line...plus the gas....and there is oil everywhere on their acreages....so the sp at present levels is a joke !, (if you take in the future production)....my conclusion (for what it is worth) in my humble opinion is buy and tuck away.....the company probably can't give exact future production but it does look promising...the number of producing wells will be staggering, albeit small amounts but small streams make big rivers !.

Halifax, where do you get this information from ?, ref posts : 669,671 and then 673...???

it may be that fraccing will allow these small puddles to be joined up

halifax, if I recall Jolly 16-1 flows in tests over 445bopd, plus over 1MMcfpd gas. Craig 8-1 is over 300bopd on test & 'significant gas'. Jolly 2-1 on the lower-rate Marmaton is still able to show 20-30 bopd of top-quality crude. There is signifiant valuable LNG prospect and by Spring 2009 the cryo' plant will be in place to capitalise on that bonus find. Running Foxes are working flat-out on the projects and well commissioning continues nicely.

You come on this board, and expect anyone to believe that "1000" bopd as a 2009 target do you, when merely the first test wells are flowing nearly 800 bopd between just 3 wells? Oh and we forget the Buchanan prospect too?

So come on then halifax, who is the 'they' you quote this comical figure from. I will make DB aware of your asnwer to confirm things. Who is they? Put up or retract that statement.

seriously halifax, you are brazen liar or party to malicious rumours. You could have your arse sued for this.

gnasshlevel2 suggest you speak to DB.

Halifax, I will make David Bramhill aware of your malicious rumour. Get this guys, he now asks us to believe he has the (what would be sensitive and privileged) information from the MD himself. You dig a hole Halifax, I'm not the only one here totally pissed off with malicious rumours and the damage they have done this companies sp in the past.

What is maliicious about producing 1-5000 bopd as a target they have to start somewhere!

Rabbits out the hat now Halifax, you came hear with a statement of fact or a malicious rumour, I am already cutting and pasting the posts to, as you suggest, "speak to DB".

Not a very good backtrack, I ask you again (as has another) who is 'they' and if you won't say then you are standing as the source of a company-damaging malicious rumour and I am not standing for it, I have an enormous holding in Hawk and I am not of a frame of mind to let this pass.

The bit about claiming knowledge of fundraising is especially damaging and I will press the management to pursue this if this turns to be malicioud rumour.

HAWK will bring on line dozens of wells in the next year or so !, I cannot recall them giving a specific target....how can they ?....one well is 800 barrels...the next is 300 and so on, but putting 2 and 2 together I come up with : very good future production !.

gnashlevel2 do you know how much cash has to develop their oil wells? As the project increases in size more investment will be required and this will have to be raised as positive cashflow has yet to become significant.

Discussion closed halifax you were asked specific questions and you bluster. I have emailed the NightHawk management to ask their comments on your assertions.

I will update this board in due course.

gnashlevel2 once you have confirmed their production target is 1-5000bopd and that they will need to raise funds for ongoing investment in 2009 then perhaps you will become more realistic with your expectations and come down to earth.

No fund raising required, I suggest you re-read the final results RNS properly.

oilyrag, you are totally correct. A wise elf told me to totally ignore these kind of nonsense on boards, not even grace them with a reply and take the facts from RNSs, Annual Reports and AGMs. See you at the AGM I hope. I am through here, never to post again. Wise elf.

gnashlevel2/oilyrag aka wise elf! Did you receive confirmation from Hawk that their 2009 production target is 1-5000 bopd from Jolly Ranch?