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 do know that most of the wells aren't very deep, 1600 to 2500 foot approx. Maybe that has something to do with end cost.

shame the whole is producing such a piddly volume that looks unlikely to be anything dramatic .... still, i suppose you and i could live happily on the proceeds

Yes, but dont forget the acreage they have, with current spacing will ultimatly be thousands of wells.

1000s of wells producing how much oil cumulatively? ...... seemingly little more than 10k bpd as far as i can determine

I know I am seen as a ramper here, which may be a fair label as I do love this company and management, but I urge all fence sitters to load up first thing Monday. And thou' shalt be very very very pleased he sez. :-)

g2
you got some front ill give you that.based upon your previous posts that is and on your own admission, for anyone who might like to read them, i suggest they do.
you got some info we dont? inside info? anyway whats so special about monday?
im just going to watch and wait, but thanks for your tip. i hope others will make up their own minds and not be influenced by you.you seem to think you do no harm to others, think again.
regards
jkd

JKD .... quite right ..... i am happy to be holding HAWK but would certainly not go nap on it ..... nymex was neatly stronger on friday night and if that can be maintained then for sure there will be some reflection on oil stocks ..... however, in my ever-so-humble opinion, HAWK is not remotely at the stage where it even resembles a tasty morsel for a predator .... there are much more likely candidates

Oh gawd I'm unearthing Cynics stocks and here he is in another disastrous one!! Does this fictitious company you pretend to own make hard hats?? Think you'll need a few given some of the garbage you've bet on, dear me HAWK!!! Thought you were a savvy investor old boy?????!!!!

yes, i am indeed making a small loss on Hawk, but then my holding here is scarcely significant and of course the post above is self-explanatory .....

the "raddled queen" is upset i suspect because i openly admit my mistakes, whereas she .....

by the way, our successful, moderate-sized business is loosely linked to the shipping of chemicals etc ..... however, i am not here to promote the merits of our company, and indeed this is not of general interest and this BB is certainly not the place to do so.

Has 33-35p all over it in the next week or so

why?

because this is the stocks price range

for goodness sake get real!
where on earth did you dream up that idea?
you might just as well have said 115, which was the high perhaps 6 months ago

we will see then

would be delighted if you are right, but odds are about 100/1 or longer

watch the US rally tom, oil will follow and so on

nice and pretty glasses you wear lol!

the 50,000 shs buyer @ 26 obviously thinks the same

12.5k only .... i give up!

another pump and dump stock this, remember talking to one of the gaffers at the master investor show 2008, put me right off. Unfortunately didn't follow my instincts and short the pile of rubbish. Prob just another stock brought to market in the good oil days and will just bump along to zero with the odd fundraising and false hope thrown in. Good luck as I think you'll need it here.