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.

you sound like Markymar on the RKH thread ..... would you agree that the purpose of an E&P is is to find and extract oil in commercial quantities? ...... if so, 1,000 bpd does not qualify in the real world ...... selling a farm-out, and i fully accept my ignorance in that quarter, surely just produces some cash for passing the buck, but in no way adds to the true value of the vendor, unless it can or has shown that it is sitting on very significant reserves ......

am i correct and/or have HAWK even half-way proved such reserves?

or to ask another question ...... do you think that HAWK is worth remotely close to 100p today or even in 3 months time? ..... if not, what value would you expect?

billy ... that much is true, but 1000 bpd is still only 1000 bpd which is the best part of fuck all

"and i fully accept my ignorance"

No you don't you bampot, if that were true you would ask the right questions in the right manner rather than just sit here and badmouth HAWK. You pillock. Honestly, you have enraged me this morning, not because of your badmouthing as such (all BB have them) but because you are so hugely stupid.

For the love of peter.. Look, reasons why 1000 barrels should not be regarded as poor:

Reason-1:
[quote from RNS]
Drilling and completion costs continue to fall and the Board is of the opinion
that, with the background of relatively low, albeit improving, oil prices,
our efforts are best focused on proving up the extent of the asset to establish
the project as a high reward world class non-conventional shale play, rather
than concentrating on generating maximum production at this stage. [read that last sentence cynic] [now read it again you are too thick to get it on one]

Reason-2:
The 1000 barrel target has been exceeded. However that is with 2 whole wells not even contributing yet.

Reason-3:
This is quote "test" flowing and not, repeat NOT full "production" which will include the other wells and also the effects of fraccing and co-mingling. These latter two enhancements will see these levels frankly sky-rocket. David Bramhill will be enjoying reporting this in due course but if you were half awake on HAWK you would know how exciting this all is for eventual "production" figures on the Jolly area in question.

Okay cynic -have I got through that 3 inches of calcium under your scalp on why you have been a silly-billy on berating the 1000 barrels thing? Good, can we move on?

The hints at something significant about Buchanan are interesting. Looks like DB keeping the powder dry on this one for a forthcoming RNS.

bringing 1000 to what? ...... 5000 at most optimistic? ...... remains to be seen, and very much wishful thinking, certainly at this juncture.

and of course you have still not answered the question ....... do you think that HAWK is worth remotely close to 100p today or even in 3 months time? ..... if not, what value would you expect?

marginally unfair i know, but the market is clearly as underwhelmed as i, so perhaps i am not the dolt you would like to paint me.

5000 for a handful of low-depth wells would be excellent - you obviously haven't done the scale-up of wells over the rest of the vast acreage that the eventual buyer would -then you are talking astronomical sums. This little test-patch on Jolly is just that. You must know that you pillock you are just rabble rousing here.

HAWK will NOT be there by the time that ever sees the light of day, it will have been sold off by then, that's the ENTIRE point of investing in HAWK, as it stated this is the goal from float and gives PI's a clear medium-term exit strategy -that is well on schedule.

As for the market, I don't read into it what you are given maybe 80% of PI money went hot into AFR this morning (including some of mine now back +15% haha!!!). Can I have your email address cynic? I will send you a scan of my cheque from Hawk when my 1.2 Million shares are converted on the company sale :-)

i also hold a modest number of HAWK, but am perhaps more realistic than you .... meanwhile, and as to be expected, you have not answered my questions ... and if you really do hold 1.2m shares in HAWK, then you are either talking balls, or are a damn fool for not off-loading the majority when the shares were 100p, or both.

and if you are in/out of AFR, then jolly good luck to you ..... i have done at least as well over recent days in the likes of HOIL, PMO, TLW, PCI and even on Dow last night .... but what has that to do with the value (or lack of it) of HAWK?

If 1MM+ of these freaks you out then I apologize, I have been luckier than you and needn't rub it in. I am not into detailed discussion of HAWK value each week as much is intentionally kept secret at this stage while certain things develop and are acquired. We can bicker all day, so let's see where we are, say Christmas eh?

i merely asked a simple question which, as expected, you chose not to answer, speculative as such an answer might be ..... personally, and unless you own a mega-yacht and have the billions in cash to match, i think 200k or more in this type of stock is total lunacy, especially when argaubly 4x as much (or in part) could/should have been encashed many months ago.

cynic some far cleverer people than I were caught by the sheer size and speed of the market collapse. Why are you going on about it - are you speaking from personal experience? I used the return to near flotation value to add a few 10's of K cash into HAWK to make the best of a bad call on not crystallizing what I could have, I hope you did the same on this or other stocks. I am modestly wealthy and would still do well if I lost all my Stock Market paper, but I value health way more than all this nonsense anyway. 200K into Gold at an average of $560 shows I did something right, and I am not selling that under 2K an ounce!

your call, but sorry to say sounds as though you load an awful lot of eggs into too few baskets ..... you happen to have called gold correctly (eventually), but i am sure that, like the rest of us, you have bought into some real stinkers ..... HAWK is not (necessarily) one of those

just for the record, i can't remember if i cashed in any of my modest HAWK holding at/near top, but certainly bought back in, again modestly, as i consider these minnow E&P stocks to be very high risk, with just the odd one coming good.

if i do not allow myself to get stupidly greedy, i remember the truism that no one ever went broke banking a profit ...... hence recently anmd tastily in/out the likes of PCI and MXP and even some of the much bigger fish like PMO and PRU

HAWK market cap 60m revenue 318k no wonder the market is unimpressed!

thanks halifax ..... i know i am very thick sometimes, and certainly very annoying to some, but am glad my initial gut reaction was not wrong, even if not for exactly the right reasons

I switched most of my holding into Afren.....lucky I did....still hold a position in HAWK....wish it would climb further !.

think long term holders will do well on this one. Bought CLF @ .1095 p few months back, got out at .545p. Fallen back from highs, mkt in general will fall after this short term bounce, people will invest in Gold again.....BUY clf at mid 30's.

just looked at CLF chart and it is far from inspiring

very quiet in here today ..... perhaps gnash* is gnashing his teeth in realisation that the figures and prospects were pretty average at best

no cynic, just wondering when to exit my AFR punt of today, HAWK will have its day sooner than you think don't panic. AFR was quite crap just a few days ago, now look, you get the message.
Post 888 - I like that.

required field, I'm out of AFR smell a rat.
HAWK cranking up nice and steady for April, lovely.

i concur about AFR ..... really don't feel comfortable with delayed results, though after friday's very strong drilling update, bad news with the figures just a day or two later ought to be inconceivable ..... even so, it is very bad form of AFR not to make a formal statement about the delayed figures.

All the EBOK gains have just gone up in smoke it's madness and now't much left to reflate it, plus as I said I smell a rat, there seems to be a problem that they don't know how to present right. Lost most of my short gains punting AFR past few days but no overall loss as such. HAWK not looked so strong for a while now, about time.