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.

The Directors of Nighthawk Energy plc (the 'Company') are pleased to announce an update on the sale of an interest in the Jolly Ranch project (the 'Sale').


The Sale by Nighthawk Production LLC, a wholly owned subsidiary of the Company, and Running Foxes Petroleum, Inc. will be subject to a Purchase, Sale and Option agreement, the terms of which have been agreed between all parties.

The Sale will comprise an aggregate 20 per cent. interest in the core Jolly Ranch project which covers 50,000 net acres, and a series of options over a 20 per cent. interest in the remaining 232,000 net acres of the wider Jolly Ranch project, including Middle Mist and Mustang Creek. Nighthawk Production LLC and Running Foxes Petroleum, Inc. will each sell and grant options over a 10 per cent. interest in the project.


Completion of the Sale is scheduled for mid-May 2009 and further details will be announced at that time.


cyril

cyril how much is 20% worth?

Sorry i not up to speed on this stock, took a punt at 30p on the strength of a
posslble sale and got put at 34p today?
cyril

All eyes on the actual sale figures, up to 2 weeks away that's all. Wouldn't surprise me if they release the figures a bit earlier.

rns en-route?

Which way is it going to send the sp????

The usual, up then down. ;-)
If it's 'that' rns, then way, way higher.

Shall wait with baited breath, been long enough coming.

with what have you baited your breath? ..... month-old kippers, or is it just common-or-garden halitosis?

According to my wife Rose petals.....:))

that's the other man!

Something brewing up in Nighthawk...buy now at 38p

black coffee maybe

out at 37.5 with a modest profit

cynic!!! 60p tuesday!! guaranteed!!

quite possibly, but a profit is a profit, and only so when banked.
in truth, i had determined (and so posted) that i would have a little clear out to reduce exposure before i went off to india/dubai on biz for a couple of weeks.

cynic -you are doing a flight, long-haul at that, to there?
Don't mate, seriously, this isn't the time to fly.

why not? ..... pigs seem to be doing it!

ahh...informed! ;-)

actually, am looking forward to the india leg very much, though i shall be working very hard indeed.
have wanted to go there for some time, and now have the perfect opportunity with the company paying all ..... shall only be in mumbai and pune, but am sure there will be plenty to see ...... perhaps go to calcutta - the City of Joy can you believe! - in the winter