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.

So mcmahons you live with gnashlevel2 on planet pluto, get real Hawk is hoping to achieve production of 5k bopd by mid 2009, total produstion of oil in Colorado in 2007 was 27 m barrels. More pie in the sky!

Suggest you go to the Oil Barrel site thats where I got the information if you feel Oil barrel is not a News site you can trust fine give them an email.
Let me know if you need help finding the site the report as I mention above was posted on the 26/11/08 always a pleasure to hear from you.

mcmahons oil barrel is just another tipsheet like TW's Ti1ps.com. ,their guess is as good as mine. Let us see some actual production and sales from Hawk then we can all make a serious assessment of their prospects. Too many PI,s have been burnt by following tipsters and rampers of late, especially if they followed bad advice and invested in small E&O companies.

cynic, no I have just under a million real shares, most of which were purchased under 27p, but since then, purchases higher put my average higher. I may soon buy more to get a nice round million just to upset halifax...

halifax, from AGM notes to me the consensus is clear, hawk is a risk but potentially massively lucrative. The stated goal now is all-focus on proving up Jolly for a company sale.

I guarantee you -that will be in 2009 but may arrive somewhat earlier than some may bargain for, which is why I will not be trading Hawk from this point onwards.

Importantly - Listening right? - Jolly is not going to see each well maxed-up, they just want to get a number of wells up **JUST** to show the best production methods for each level of oil formation. Jolly has profitable layers of oil, arranged a bit like a chilled lasagne that has been battered a bit in the ASDA trolley. But the real trick is having people expert enough find the best recovery method for each formation. You need to do it right, and imho Steve Tedesco is one of, if not the, best man to have for exactly this task. He is an expert, with the motivation that half the profits are his...it does not get any better.

My money is on a bid for Jolly, (preferably all of Hawk as a sweetener), AT THE LATEST when there is a clear turnaround in the price of oil. Simply because the price per acre is bound to rise hugely as the POO does.

Take the management's comments seriously - Hawk is increasingly on the radars of larger oil companies now and will become more so in the coming months.

oilbarrel.com - see HAWK and CEO

gnashlevel2/mcmahons get real so far Hawk has not reported any production or sales of any consequence. By mid 2009 the hope is they may repeat may produce 5k bpd, Colorado is not Texas there are small quantities of oil but no major producing oilfields by even north sea standards. The company has had to sell shares at 20p which indicates what the market believes they are worth. The big problem will be if the oil price falls further as the global depression intensifies, tell us what happens if oil prices fall to $20 per barrel?

"..The company has had to sell shares at 20p which indicates what the market believes they are worth.."

Bullsh1t, the sale was unforeseen with the new emphasis on getting Jolly proved up asap. The global shares crash brought the price down to 25p or so. Without that they very likely would have had the placing over 100p. Regardless, there would have been a few pence discount to ameliorate the traders fannying around with the sp, who could leave them with a loss on the first day which wouldn't be very good. This is how placings like that work, they get a reward for their faith in investing a huge sum, and why not?

Go to the back of the class Halifax, and write these lines 1000 times my muppet:

Hawk want to sell proven assets ASAP, NOT become a full-scale production company.
Hawk want to sell proven assets ASAP, NOT become a full-scale production company.
Hawk want to sell proven assets ASAP, NOT become a full-scale production company.
Hawk want to sell proven assets ASAP, NOT become a full-scale production company.

Oil at $20?

Anything is possible in these markets eh? Maybe it will bottom there, but it has to rise back to something profitable for the wider producers -Hawk as an exceptionally low break even though so take heart, eg 7bopd for the most expensive Jolly wells.

Under $40 there will be no new investment or exploration and before you know it, there would be a genuine global shortage that would be very hard to deal with. I said it before, that would be a real, world-shaking shortage, not speculator driven nonsense we had up to now.

Hello, hello, hello !,....twitching of the sp I see, a move on the up...unusual !?.

Nicked from another board, itself nicked from another board, aren't we incestuous :-)

....

A clip from the folks over on another board, part of a new note:

"The reserve potential, together with what looks like being a significant production build-up in 2009, can all be obtained for a modest 64 million, equivalent to 0.3/boe. We see considerable scope for appreciation in the stock in the coming months, assuming continuing positive news flow and a stabilisation in light crude oil prices around $50/barrel. Ultimately, we believe that Nighthawk could become a takeover target for one or more of the US mid-tier E&P companies. We think the scale of Nighthawks/Running Foxes' development activity, along with the impressive results being obtained and the lowly valuation will not go unnoticed for long."

gnashlevel2 keep ramping and you might eventually persuade some unfortunates to invest in what is just another e&o with a few puddles of oil. Let the facts speak for themselves so far oil/gas production zero, hoped for production from Jolly Ranch etc 5000bpd by mid 2009. When we see some cashflow from oil sales then it will be possible to judge the value of this business. Where are the buyers lined up to buy a business which has produced nothing so far and with the oil price likely to decline further as the recession bites?

i would agree except that i am far from convinced that crude has (much) further to fall

this was the rest of the paragraph from the note:

"Nighthawk is arguably the most interesting mid-sized junior listed on AIM presently.
Quite simply there are very few AIM-listed juniors with a recoverable reserve potential
of possibly over 200m boe. Furthermore, it should be noted that Nighthawk/Running
Foxes have exhibited considerable technical expertise in conducting their development
programme."

halifax, me? a ramper?
I'm not playing with you after school.

gnashlevel2 the word "possibly" says it all, more pie in the sky.

We all need a rise in crude, look at LDP (Leed Petroleum) : discovered oil.....sp drops, it's as if the market picks on companies that put out good news RNS's and then promptly thinks "oh yes : we had forgotten about you, we will now drop your share price regardless of positive results", perhaps HAWK on the next good drilling result might do well to inform the shareholders only by word of mouth !.

16:06:39 26.89 11,051

There you go 'alifax me old son, a nice round Million to the Gnash.

Say it after me, MMMMMMillion :-)

gnashlevel2 oil price crumbling to $47 when it reaches $30 you and the pips will really squeak!

Halifax, the current crap markets and oil prices are letting me build a small hawk mountain. I could not be happier as the past few months have made me. When thing turn around whoo-hoo!! G'on, say it... MMMMMMillion!!!

Nymex currently $47, though for sure it will turn sooner rather than later

Hope so Cynic, I hope so, shame we can't rent a timemachine and go back a few months, the drop of the price of crude caught me by surprise (the big drop that is $100, incredible !).