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.

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 !).

blatantly nicked from ADVFN...
oi' 'alifax, now 1.2 Million my old son :-)
-------------------------------------------------------------

Subj: Oil Sector Strategy - Note from HansonWesthouse



Please find attached our Oil Sector Strategy Review



We see potential for revival in both the oil price and the sector in 2009 based on the following

Share values have fallen and many stocks are now substantially undervalued on most criteria.
Our oil price forecast, which is based on the start of economic recovery in the second half of next year and OPEC cutting production to maintain the price, is an average of $65/barrel
Because of falls in the value of E&P stocks, in many cases it is now cheaper to buy reserves through corporate acquisition rather than drilling for them. We therefore see high potential for M&A activity in 2009.


Our recommendations include the following BUYS:



OIL SERVICE STOCKS: Kentz Corp, Petrofac, Lamprell.

FULL LIST E&P: Dana Petroleum, Venture Production and Heritage Oil.

AIM E&P: EnCore Oil, Ithaca Energy, Nautical Petroleum, Nighthawk Energy, Northern Petroleum, Stratic Energy



We expect the performance of the E&P sector to be driven next year by four main factors: expectations of economic recovery, the course of the oil price, takeover activity and value buying. Managers should position themselves ahead of the renewed interest in the sector which we expect.

Latest RNS. The shale is looking mighty impressive.


---------------------------------------------------------------------------------

The directors of Nighthawk Energy plc (Nighthawk or the Company) (AIM: HAWK), the US focused hydrocarbon production and development company, are pleased to announce an operational update in respect of the Jolly Ranch Group project, located in Elbert, Lincoln and Washington Counties, Colorado. Nighthawk holds a 50% interest in the project and the operator, Running Foxes Petroleum Inc. (Running Foxes), holds the remaining interest.
Highlights
Jolly 10-5 well encounters hydrocarbons in multiple formations and is cased for production
Ten commercial wells drilled at Jolly Ranch 100% success rate
Craig 15-32 well on three week production test from the Tebo shale bed of the Cherokee formation presently producing 110 to 120 barrels of oil per day
Four well drilling programme to test the prolific Codell and J Sand formations commencing
The Jolly Ranch Group project is a major hydrocarbon production and development venture which includes Jolly Ranch, currently the core area, Middle Mist and Mustang Creek, to the north and west of Jolly Ranch respectively. The current project area comprises 370,578 gross acres (281,069 acres on a net basis).
Drilling results to date have established Jolly Ranch as a significant new oil and natural gas field, particularly in the Atoka and Cherokee shales. These shales are laterally extensive and are believed to be continuous over the entire project area. In addition, several oil bearing conventional zones have been penetrated during drilling, including the Marmaton, Morrow, Spergen, St Louis and Codell formations.
Jolly 10-5 well
The Jolly 10-5 well, the tenth of the drilling programme, has reached Target Depth and encountered several hydrocarbon bearing formations, both conventional and unconventional. The well has been cased for production and will be put on production in January 2009.
Craig 15-32 well
The Craig 15-32 well commenced production at the start of December from a four foot Tebo shale, a component of the Cherokee shales, the first test applied to this formation on the project. The oil is 38 API gravity, low paraffin sweet crude and has a -10 degree pour point and no sulphur. The well commenced production at 50 to 60 bbls of oil per day and has increased to 110 to 120 bbls of oil per day with less than 10% water.
As a result of this positive result from the Cherokee formation, two previously drilled wells, the Craig 8-1 and Craig 4-4, have been completed in the Tebo shale, are making oil and are presently being swab tested. The wells will then be completed in the V and Excello shales
also within the Cherokee formation during the last two weeks of December and then placed on full production in January 2009.
The Cherokee formation comprises four shales varying from three to six feet thick for a net thickness of 15 to 22 feet. These shales contain 40% to 80% quartz and carbonates which, based on detailed analysis, are heavily fractured and saturated with hydrocarbons. The Tebo B, Tebo, V and Excello shales all have the same reservoir features. In addition, Omnilabs, a division of Weatherford International, has indicated in detailed reports, that both the Atoka and Cherokee shales in the project area are generating and expelling hydrocarbons and showing characteristics typical of a successful shale play.
Codell and J Sand drilling programme
Black Gold Inc., a local drilling company, is commencing a four well drilling programme to test the shallower Codell and J Sand formations, both prolific producing zones in the region. Three wells, the Jolly 9C-1, Jolly 16C-1 and Jolly 7-1 will test the Codell formation and the Fischer 14-20 will test the J Sand formation in the Middle Mist Project.
These formations are of Cretaceous age and are located at depths of between 3,000 and 4,000 feet. The J Sand is a prolific producer in the central part of the Denver Basin.

They are busy, busy, busy, just a shame about the oil price, this will rocket when oil recovers, if I didn't have any, I'd say : buy !.

rns headline talks about significant find ..... howver, as far as i can see HAWK prob does not even now produce more than say 1000 bpd, or have i missed something