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.

Sorry can't resist it!!

Try doing it rf in your normal dealing account and surprise surprise you may actually find it works!

Shame it has taken you this long to find out ...

Sigh ! I give up !.

you should do before you lose any more money

lol

sell worth 10p dow down ftse down tooexpensive.

glad you are wrong so far today .... shares surprisingly +3p (12.25%)!

Well : I hope that that is the last fundraising now.....sp marked down....must rise now...but I have said that before;...at least oil has risen !.

Shares in Nighthawk Energy fall 12.5 percent to 24.8 pence as the

U.S.-focused hydrocarbon company says it has conditionally raised 5 million

pounds through an institutional placing of new ordinary shares at 20 pence a

share.

'Whilst this news could equally be interpreted negatively, as the raising

was done at a huge discount to its running 30-day average and could be viewed as

a panic measure, the level of activity and newsflow from its key project, Jolly

Ranch, especially the discovery of aromatic rich gas, indicates this funding

will accelerate production and subsequently cashflow,' says Daniel Stewart in a

note.

The broker keeps its 'buy' recommendation and 100 pence target price.

Have kept my holding.

Where is gnashlevel2 as an apology is overdue?

no apology you bampot, this situation has literally come out of the blue as in the past few days only, all will be clear tomorrow. Come on, you claimed that an MD illegally gave you market-sensitive, privilged information all that time ago, just you, because he liked the look of you? You chancer.

Gnash sez load-up now, this 5 squillion isn't for nothing and this baby is going to do so well now. I just can't wait to get the specifics of what the dosh will be used for initially, I know we have a cryo' unit to finance for our lucrative LNG discovery, and the faster Jolly gets wells nodding the faster we get that multi-million dollar annual income from each.

It's all good.

Off topic, The return of Tman oil and gas as dropped 70% after suspension. Also the majortity of shares held by private companies. THERE WIL FURTER OFF LOADING OF EQUITY FROM CREDIT SUISSE HOLDING 14%. wITH bORIS rOYTER DUE TO SELL IS HUGE STAKE OF 22.59%. With Artemis holdings set to sell a 4% stake in Tman. Danger warning this company only worth 3 to 4p.

who on earth are Tman Oil & Gas????

there are an oil and gas company that was suspended for six months which was lifted yesterday and not performing well.

gnashlevel2 sorry you could not speak to DB to confirm what we said previously, you must be living in disneyland on the planet Pluto if you think Hawk is about to start pumping millions(?) of bopd, as we said in an earlier thread the target is 5000bopd by mid 2009. Keep reading the comics kid.

No target like that has been stated anywhere. Show an RNS with that. Sow an Annual Report with that.

Even if I played devils advocate with you though, have you any idea how much lolly 5Kbopd is? Hell I'd be happy with that, my beef is that you claim this was a stated target, it isn't.

We may exceed or approach it, remains to be seen, so lets drop it and focus on all the major changes to Hawk's fortunes in the months ahead and get wealthy. No other AIM share promises so much return on investment for 2009, I stand by that.

i confess that from the little i have bothered to read, HAWK seems to have a number of productive small puddles, but none have been joined up by fraccing and the volumes being pumped daily are pretty derisory ..... what may or may not be so-called "recoverable reserves" is somewhat irrelevant

AGM is at Grant Thornton's offices at 11am tomorrow, somebody will no doubt seek clarification of their production target for 2009.

cynic, you've become a cliche of doom on this board and no longer taken seriously, a shame.

i hold HAWK as it happens, and whether or not you or others take me seriously is of little concern to me ..... i write as i see it, which is as i have always done .... sometimes i am even (absolutely) correct ..... now tell me exactly what is incorrect about what i have written above - e.g. are HAWK actually and currently producing in excess of even 1000 bpd? ..... and even 1000 bpd is not going to pay many salaries

gnash ..... you seem to have gone very quiet, or is nothing i wrote incorrect after all?

Well, it's not a bad update....this is just the start....loads of wells to come on line...if they keep drilling like this for 2 or 3 years : production will rise every quarter, the sp will be very much dependent on oil price, gas will be a bonus !.