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.

Not far from 90p .

90p+ as expected today - onwards & upwards for hawk!!

Nighthawk Energy says second well at Jolly Ranch encounters hydrocarbons
AFX


LONDON (Thomson Financial) - Nighthawk Energy Plc. said Jolly Ranch 16-1, the second well on its Jolly Ranch project in Lincoln County, Colorado, which is testing multiple objectives, has encountered hydrocarbons during drilling and said casing will be set to test the well.

The company said the drilling rig has now been moved to the Craig Ranch 8-1 drill site, the next well to be drilled in the multi-well programme.

Nighthawk holds 50 percent interests in both the Jolly Ranch and the adjacent Middle Mist projects, while the operator, Running Foxes Petroleum Inc., holds the remaining 50 percent.

Clearly a Jolly Jolly Ranch.

does anyone know timescales on drilling Craig Ranch 8-1?

Just hit 3 figures.

yes good day again

two 1.2m buys just gone through, very interesting.

yes andy

i feel a big spike up soon.....looking towards 140p or so

has hit something of a glass ceiling at 100 for the time being

indeed! maybe good time to add on next dip if not too late!

Looking good going through 100p.

:-)) & http://business.scotsman.com/energyutilities/One-to-watch-Nighthawk-Energy.4108573.jp

Its only a matter of time before this breaks through 100p now, some nice juicy buys going through in the last week.

Its there now and looking very good.

agreed - plenty more to come i feel

What a good start,going like a train!!

Doing rather very well....got to admit took profits some while ago, far too early !

me too I wish I'd held now!

i too took a decent profit 6/8 weeks ago ..... BUT glad to say i bought back in again .... and thank goodness with the crap performance of so much of the rest of my portfolio.

would be nice to have some news as the reson for this recent stunning performance, though i note yesterdays volume was rather more than double the norm