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.

cheeky boy! ...... i have always told it the way i see it .... however, as so many on here keep getting overexcited about nothing (you included!), my comments are regularly perceived as predicting gloom and doom rather than just attempting to instil some reality.

you may like to consider what i have just posted on FTSE thread

Breakout here, nice rise today...long may it continue !.

15-25 dollar profitable... 'appy days!

Hawk might breakeven this year if the price of oil holds around $50 as long as production can be ramped up from 1000 bopd.

Share price just can't seem to pull away from the lower thirties at the moment.....at a guess if we could get past 40p, this might climb very fast all of a sudden !.

'co-mingling' being discussed a bit on other boards, potentially 16 production zones per well head over 4 producer-zone areas. That made me sit up and take notice. Best gets better

HAWK was always set up, or so i am led to believe, with a view to it being groomed for take-over ...... so far so good for its drillings have almost never drawn blanks ..... however, investor sentiment only perceives a low underlying crude price and HAWK having only pretty small proven reservoirs and flows.

on the other hand, it is cheaper for a predator to take out a company with known reserves etc than to risk drilling new sites with its attendant significant costs.

so the jury is out for HAWK (which i hold), whereas, i would have thought that both TLW and HOIL (i hold both) make much more tempting targets, given the two recent massive finds they have made.

hawk down 10% any news out there as to why. appreciate not necessary any news to make it go up either?

probably just a reflection of continuing weakness in crude and nymex in particular

Looking at the chart on this one its just as crappy as amer and goo as you would say Cynic.,(The chart that is)

at least these guys actually have balck stuff even if it is only in very modest amounts

CYNIC,i was talking about the chart,and even you must agree it looks just as crap,as you would say?

sp is now looking very nasty .... down virtually 15%
no news out, but that sort of fall is rarely without reason

massive volume too ..... could be a forced sale i suppose, but would be nervous to top up without having any knowledge surrounding this

SER is producing 4k barrels of oil per month Hawk is producing very little yet HAWK's market cap is over 10 times that of SER. Perhaps HAWK has greater potential but that remains to be seen.

i have bravely (damn stupidly more like) just bought a further 33% at 24p

cynic didn't think you believed in averaging down as a good stategy.

i don't! .... that is why i am happy to be labelled as damn stupid!!

Not stupid cynic, very wise. Averaging down and taking profits on rises is the only way to go in these markets.

Down, on short selling or desperate insti in my book. I expect that you will be in profit by end of the week.

Good luck all.

hi maestro (whoops!) .... long time no hear ..... have done generally better shorting odd stocks!

Could be a shrewd move Cynic, don't see these changing your life but I agree that they are at a price where you'll see some profit in them.
Good luck old chap