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.

What is maliicious about producing 1-5000 bopd as a target they have to start somewhere!

Rabbits out the hat now Halifax, you came hear with a statement of fact or a malicious rumour, I am already cutting and pasting the posts to, as you suggest, "speak to DB".

Not a very good backtrack, I ask you again (as has another) who is 'they' and if you won't say then you are standing as the source of a company-damaging malicious rumour and I am not standing for it, I have an enormous holding in Hawk and I am not of a frame of mind to let this pass.

The bit about claiming knowledge of fundraising is especially damaging and I will press the management to pursue this if this turns to be malicioud rumour.

HAWK will bring on line dozens of wells in the next year or so !, I cannot recall them giving a specific target....how can they ?....one well is 800 barrels...the next is 300 and so on, but putting 2 and 2 together I come up with : very good future production !.

gnashlevel2 do you know how much cash has to develop their oil wells? As the project increases in size more investment will be required and this will have to be raised as positive cashflow has yet to become significant.

Discussion closed halifax you were asked specific questions and you bluster. I have emailed the NightHawk management to ask their comments on your assertions.

I will update this board in due course.

gnashlevel2 once you have confirmed their production target is 1-5000bopd and that they will need to raise funds for ongoing investment in 2009 then perhaps you will become more realistic with your expectations and come down to earth.

No fund raising required, I suggest you re-read the final results RNS properly.

oilyrag, you are totally correct. A wise elf told me to totally ignore these kind of nonsense on boards, not even grace them with a reply and take the facts from RNSs, Annual Reports and AGMs. See you at the AGM I hope. I am through here, never to post again. Wise elf.

gnashlevel2/oilyrag aka wise elf! Did you receive confirmation from Hawk that their 2009 production target is 1-5000 bopd from Jolly Ranch?

RNS Number : 0568I
Nighthawk Energy plc
13 November 2008




Nighthawk Energy plc

Centurion Project Update


The directors of Nighthawk Energy plc ('Nighthawk' or 'the Company') (AIM: HAWK), the US focused hydrocarbon production and development company, are pleased to announce an operational update in respect of the Centurion project. Nighthawk holds a 50 per cent. interest in the project, operated by Running Foxes Petroleum Inc. ('Running Foxes'), which holds the remaining percentage interest.

*

Franklin 13-6 well placed on production at a restrained rate of 80 barrels of oil per day
*

Hydrocarbons encountered at Atoka-Nighthawk 12-29 in the Simpson and Mississippian sandstones
*

Water and gas lines being laid to previously drilled water disposal well, lowering water disposal costs from US$3.00 to US$0.10 per barrel

The Centurion project, which is located in Sumner County, Kansas, covers approximately 15,000 acres and lies within the prolific Sedgwick Basin which has produced from the Arbuckle, Simpson, Viola, Mississippian and Cherokee horizons at depths of less than 5,000 feet.

On 8 October 2008, Nighthawk announced that two low cost exploration wells had been drilled, the Franklin 13-6 and the Atoka Nighthawk 13-11, both of which indicated positive results. The initial wells were located on a major basement flexure testing multiple pay zones. In addition, the drilling of the Atoka-Nighthawk 12-29 well had commenced at that time.

Franklin 13-6

The Franklin 13-6 well reached total depth at 3,904 feet and encountered excellent live oil shows and large mudlog gas kicks throughout a 60 foot zone from 3,391 to 3,451 in the Mississippian Chat, a carbonate reservoir and prolific production horizon in the area.

The Franklin 13-6 well has since been completed in three Mississippian zones and placed on production. The well is now moving 160 barrels of fluid a day with an oil cut of 50 per cent., equating to current production of 80 barrels of oil per day and associated gas. The installation of a higher capacity pumpjack is being considered by the operator in order to move greater volumes of fluids, which is expected to increase oil production significantly.

The operator is currently laying water and gas lines to the water disposal well Andra 16-12 drilled by Nighthawk and Running Foxes during 2007. Operation of the water disposal well will have a dramatic effect on project economics. Water can be moved to the water disposal well for approximately US$0.10 per barrel compared to US$3.00 by trucking.



Atoka-Nighthawk 13-11

The Atoka-Nighthawk 13-11 well was completed at 4,000 feet and is dewatering the Excello, Summit and V shales. The well is making increasing amounts of gas and the operator is pursuing a tap facility to sell product. Regional infrastructure is good and an accessible major pipeline is located near to the project area.

Atoka-Nighthawk 12-29

The Atoka-Nighthawk 12-29 well has encountered hydrocarbons in both the Simpson and Mississippian sandstone. The well is being completed in a Simpson sand and will be acidised in the near future.

Estimated oil in place for conventional reservoirs in the Centurion project area vary from 5,000 to 500,000 barrels of oil per well on 40 acre spacing depending on reservoir characteristics.

David Bramhill, Managing Director of Nighthawk commented 'This initial success at Centurion is very encouraging and the land base of in excess of 15,000 acres offers substantial potential for the future. Of Nighthawk's seven projects in which it holds significant interests ranging from 50 to 80 per cent., four are now in production, Jolly Ranch, Devon Oilfield, Cisco Springs and Centurion. During the remainder of 2008 we also expect some of the Buchanan Group projects to attain production status. The success of the Centurion wells highlights the technical skills of our partner Running Foxes who maintain a drilling success rate of in excess of 90 per cent. over our jointly held projects.'

Hawk could be the hot one for 2009 .

Hope so i am holding a lot of these,watching price of oil it seems to be moving up a little bit.

my attention span isn't so good, but reading the above, though HAWK may be producing some oil, it's barely enough to fill my car each day and the projected reserves on Centurion have a 10-fold variable ...... what have i missed that makes HAWK such a sure-fire winner?

Jolly Ranch prospect!

http://www.nighthawkenergy.net/index.html

i actually hold HAWK and certainly like the fact that the have a very high strike rate .....

however, it is not at all clear (to me) when they will be pumping decent volumes of oil - say 10,000 bpd - or if there is even such a likelihood,

it is also not at all clear at what level crude needs to be to make the whole exercise worthwhile, not that i believe <$60 or even $70 will be the mark for very long

DB's strategy was always to build up the asset and then sell, however, there now appears to be a thrust to start earning as well, so probably a bit of both in these uncertain times. A recent note (27 Oct 08) from GE&CR said that based on oil at $60 a barrel it valued HAWK at 147p, since then we have had more positive well news.

cynic it appears Hawk's production target for mid 2009 is 5000 bopd from Jolly Ranch. When this is achieved it will determine the real value of their assets rather than back of the envelope guesstimates.

i know that will fill up my car for a couple of months, but it doesn't sound that much to me