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.

At least something in my portfolio is rising......good grief !, I'm showing some blue !. Ladies and Gents we might have hit the bottom on this one !.

not a chance ...... i reckon this is a sucker bounce caused solely by a strong showing in F/E o'night, though that was merely recovering some of the devastation from previous days

No, the bottom has gone, get on while you can at these prices, BP has showed that Oil makes money, period. How ironic if BP buy Hawk...they have a taste for such as Hawk has.

yep i am showing blue too - glad bought in to hawk a few days ago - almost forgot what blue looked like - had a good day trade yesterday on gkn - made up for a crap few weeks!! i am sure hawk has bottomened

gnashlevel2 final accounts show revenue of $138k (+5%) admin expenses $3.2m (+105%) a very long way to go before we see a net profit especially if the price of oil remins where it is if recession contiues to bite.

halifax, don't daft, each Jolly well is likely to bring in around $4+MM profit a year.

Read that again, then multiply that up as we scale, then add in a VERY credit-friendly 4-month payback... 300,000+ acres... and acquisition hungry big companies like BP.

My bet of the year -this will go to BP within 6 months. And the day you hear about it it'll be too late to buy in :-)

I am in the BLUE bought again this morning @25.5p,the hawk is flying.

gnashlevel2 keep ramping I am already in, but dont be surprised if when HAWK actually produces oil it turns out to be in much smaller quantities than you expect which would be of little or no interest to the likes of majors like BP. Please try to be realistic.

I am realistic, RF are amongst the best at what they do with one of the most experienced men in the business at the helm in Steve Tedesco. He is confident that oil is there and that's a pretty safe bet. You see, even the VERY worst case scenario's for Jolly still come out multi-pounds net to Hawk. Ramper? In this climate? You must be joking. No-one will take ramping seriously again for years.

as i expected today - i was in sub 21p a few days ago - champagne tonight!

well done gibby, did you lock it in or letting it run?

Very good write up on HAWK in the western daily press,have a look !!!.

ditto in yesterday's telegraph

thanks gnash - letting it run - cheers & gl

I can FEEL the shentiment returning Moneypenny...

Hope so, most of the O&G sector doing very well again. Now off to play in the October snow, global warming my ar5e

Nighthawk Energy

23p +1p

Questor says Buy

ANALYSTS were busy issuing price targets for Nighthawk Energy of more than six times where the US oil and gas explorer is trading, but the Aim company edged up a meek 4.6pc in response.

Sadly for the 48m company, its tale is similar to that of many other small-cap energy businesses. Since floating last March at 25p, the shares initially quadrupled, only to tumble in recent months as investors seek larger businesses which are in production.

Yesterday's full-year results showed largely flat revenues of $138,998 although unsuccessful exploration costs contributed to a pre-tax loss of $2.49m, up from a loss of $1.48m.

The group, however, is cheerful about its Jolly Ranch project in Colorado, which it argues will "transform" the company. Nighthawk maintains a strong cash position with $21m of cash.

Oil prices are an obvious concern, dropping below $60 a barrel in London yesterday on worries about a global recession. But Nighthawk has some potential, and moved into production last month. It is expected, in the near future, to update on further test drilling at Jolly Ranch.

The company has said it will ramp up production and analysts say the share price fall looks overdone. For the bold, buy.

"..unsuccessful exploration costs.." ?!?!?

Like "which" exactly???

Yet ANOTHER broker getting it wrong with HAWK?

gnashlevel2, no not getting it wrong final accounts show an amount of $316k charged to the p&l account in respect of "unsuccessful exploration costs". Suggest you read their accounts.

yeah seen it, not much though and the positive strike rate remains high.
Wonder how Hawk'll end the week?

the champagne keeps flowing!! gl all