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.

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.

At 55p I reach the first double my money, having bought at 27.5p on 12.03.07.

AT sell limits being hit at 50p , should move on again soon .

talk of a broker note coming out with a 3 figure valuation, seems the reason for huge buys already today.

I've just made a big decision. For the time being I am only going to hold 2 oilstocks. HAWK and TOM. The rest are crap by comparison and I have waited for ages on some of them for something to happen. There is a third one that I will get into about August time and thats XTR for when MEO.AX start their drilling in Tassie shoal off Darwin.

Its hard to get hold of these , mm need to get more stock .

If its hard to buy then the price is going to soar, unless the mm's deliberately mark it down to try and scare a few holders out. Don't panic, look at the bigger picture, 3 figures possible shortly.

Got in at last, having sat on my hands like a fool for way too long!

Paid 49.5p, very gratified to see the SP now at : HAWK Bid: 49p Offer: 50.5p Change: 3.25 just a few minutes later. 1.1 mil traded so far today, which is not bad for the first hour. Good day ahead?

Up again - spread favouring buyers, too! HAWK Bid: 50p Offer: 50.5p Change: 3.75

Once we get above 52p it will move on again , talk of brokers giving it over 1 TARGET .

Oilyrag

I am back in (I am a scalpier!!!) under 49 + got quite few at 49 on the tree shake!!!
I got more money in as they got holes!!!! :))

this morning it looks to me that the MM don't want it to fly .. mighbe they haven't got a lot shares...
I could be wrong

fliper and others ..... be aware and very wary of getting carried away by hype and rumour ...... while this company well be going into the big time it is very much eventually rather than imminently.

2 x 100K buys went through at 51p and 50 in early trade :o)

Fliper, hope you're right. Oily's sums above are tasty. Oily, what NPV-rate are you applying to the supposed oil resources?

Ciao, I trust that you/we have done the right thing. Welcome back aboard in any case!