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'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!

gee this thread fly as well... time to put down few lines (full of mistakes... excuse my English) over ten posts passed....

yesterday there were 6 or 4 MMs ( I thought 4!!!)

LOL - morning, Cynic! It's me that's getting carried away by hype and rumour (I don't hope!). Worth a punt, anyway, and far better than PLE that I was holding onto in the hopes of a jump. Seems PLE applied too much of its own product for preventing premature ejaculation . . .

Bu**er, bort yesterday at 44p, better sell now st has bort!

Get out while you can, Canada. The curse of Soul is coming to get you >:o|

I'll watch for a bit longer st, just to see the "master" crasher in action, I'm still a novice compared to you, lol.

LOL Much to learn you have, young Jedi. Ways of the Force . . . oh, never mind!

LOL, I'm off to buy ple, must be loads of upside now.

Was a bit unsure about this one - well I was certainly proved wrong.

Managed to get in at just under 45, but 28 would have been nicer - isn't hindsight a wonderful thing !

Haik's away soul, I'm back in profit.

You're not wrong, however I need about another 10p.

Glad you're back into the black though!

Looks like you're not a curse afterall, just an opportunity to sell and buy back at a lower price ;0)