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 confess that from the little i have bothered to read, HAWK seems to have a number of productive small puddles, but none have been joined up by fraccing and the volumes being pumped daily are pretty derisory ..... what may or may not be so-called "recoverable reserves" is somewhat irrelevant

AGM is at Grant Thornton's offices at 11am tomorrow, somebody will no doubt seek clarification of their production target for 2009.

cynic, you've become a cliche of doom on this board and no longer taken seriously, a shame.

i hold HAWK as it happens, and whether or not you or others take me seriously is of little concern to me ..... i write as i see it, which is as i have always done .... sometimes i am even (absolutely) correct ..... now tell me exactly what is incorrect about what i have written above - e.g. are HAWK actually and currently producing in excess of even 1000 bpd? ..... and even 1000 bpd is not going to pay many salaries

gnash ..... you seem to have gone very quiet, or is nothing i wrote incorrect after all?

Well, it's not a bad update....this is just the start....loads of wells to come on line...if they keep drilling like this for 2 or 3 years : production will rise every quarter, the sp will be very much dependent on oil price, gas will be a bonus !.

concur RF, but would still like to see gnash tear me to shreds!

cynic, I don't sit in front of the pooter every minute I do work for a living round the back, give me a chance ffs :-)

We will have 1000bopd just from the Jolly project, which will of course scale up as the wells proliferate -which they will. There will be around 500-700 bopd(e) extra from the LNG cryo' 1st quarter -that's already potentially 1700bopd just from Jolly. Don't forget all the other projects that were *NOT* included in the gross bopd figure.

The new Bluebird field is expected to return *recoverable* between 1 to 4 Million barrels of oil and will also be coming online 2009.

Don't forget the other projects, they are starting to come online like a snow-storm does, eg a dribble at first, which clearly unimpresses you, but before you know it it will be a full-on storm of production -though I stress it will only be that level that is enough to secure a fine company sale. A quick sale was, and is, the stated aim.

If you are going to sit out until you see larger live production figures, then more power to you. In an indeal world I would do the same, but I value every one penny gain I make buying in low and sitting on it. It could be that by the time you are presented with the larger live figures, the sp will be a lot higher, or you may even be locked out completely if a company sale RNS comes in -when it does it will not be hinted at in advance for fence-sitters to have a slice -why should you fence-sitters prosper?

Each to their own, but you are onto a losing game now to try and suggest Hawk isn't going to be a solid earner for long investors. I have a hairs breath under a million of these shares and hope to see them do well for me by the middle/end of 2009.

I may then afford to buy you a lollipop to cheer you up you miserable so-and-so ;-)

Big dipper ride today !.

as i have said all along, "will have", "expected" and similar are vastly different from actuality ..... if you truly have 300-400k tied up in what is still a pretty/very speculative company, then you either have no sense or more money than!

cynic, of course I have more money than sense, that's why I have "significantly more money than yew" (joke- Harry Enfield). You need to speculate to accummulate, take a gamble in life, it paid off for me. Hawk will return lots of pounds a share within 24 months, maybe much sooner. Invest heavily now and you will see these rewards, you tell how many other shares will be doing that in this time period?

(sounds of tumbleweed blowing across an empty field)

your timescale seems to have slipped by a year from mid/end 2009 ..... i take it as read that you have an average buying price in HAWK of >10p!

btw, you could take a far lower risk with good reward by buying IEC at 1050 with an almost certain exit at 1225/1250 within 8 months - it is only "almost certain" rather than absolute as no deal is done until it's all signed

Analyst Justin Urquhart, just said on BBC, get your cheap shares NOW, put them in a drawer for 2 years, and then you will do very well from them. That guy knows his stuff.

ah, but what is cheap? ..... did he nominate HAWK as one of those? .... and if JU is so damn clever, why is he still working?

Hmm, I will have a look at IEC...but I can get 35 Hawk per IEC, and Hawk will imho be a 15-20 bagger so I will need to weigh things up carefully if I go in.

I am also in a few others, but nothing like my Hawk percentage. My average in Hawk is around 38p, I'll live.... in the Bahamas supping Rum all day under the parasol when I cash in my Hawk at the sale :-)

Do you have a Hawk long holding?

He's like me, works for the love of it even though he don't need to ;-)

in that case, you both lie, and not very well either! .... and yes, i have a long holding in HAWK, and I also have strong doubts that your average price in +/-1m shares is +/-38p - not impossible; just unlikely

IEC
all should be easily clear on that site ..... confirmed and accepted cash bid at 1250; docs should be sent to shareholders in early/mid december; absolute completion june 2009, though i would have hoped/expected earlier.

No lie I have not needed to work for other people for about 4 years now and I greatly prefer it. I'm not trying to say I have this income from shares or trading I don't at the moment (does anyone these days?) but I do have some heavy investments of which just one is Hawk, and I hold Hawk at the average I stated -why the incredulousness? Anyone could have had this much if they had been in since IPO buying buying buying as I have. I know people on other boards who have sold houses to buy into Hawk and also have similar holdings to mine, maybe more, especially those who got in for pennies pre-IPO -I met one lovely individual who posts frequently on another board who has over 2 million last look.

IEC cynic, you absolutely stake your BB reputation this will pay if I punt?

All my HAWK holdings are for free now. Will top up from time to time and will trade in and out as that is the only way to make any money in these markets.

i have no BB reputation of any value, but as far as i can see, IEC should be a far safer bet than (m)any, though i am slightly concerned at its prersent reluctance to go higher