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.

i shall be more than happy to see HAWK at 80p and certainly the indications are that the company is being groomed for a sale.

as for the price of crude, even though it is only +/-$50 today, i would expect to see it substantially higher in say 6 months time

Well I think we all agree that Nighthawk looks like a pretty good bet for the next year regardless of whether their production will be 5000 or more barrels, wouldn't it be nice if in 6 months time we would all be looking at a 120p stock or so......a pat on the back to all in that case....we shall see....!.

gnashlevel2/required field if you really want the truth about oil/gas development in Colorado suggest you visit Colorado gas and oil conservation commission web site DYOR.

This is the thread to follow guys !.

hawk is heading to its placeing price of 20p as shares are been dilueted.

get a dikshunary

gnash .... hope you aren't using CFDs for your holding here, or even using them as collateral

Well...the graph is not reflecting the latest price...afternoon rebound !.

Now it's going down again....roller coaster indeed !.

either way, the price of the placing does not affect the sp, though of course dilution might

This will come right.....oh ! for a nice Chrismas oil price rise.....now, where's that letter to Santa I was writing ?

Just seen this on Oil barrel most likely posted already so sorry if its repeated. Nighthawk estimated recently that 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. With output set to climb across its portfolio, this is an exciting period for Nighthawk followers. In the face of tumbling oil prices investors can also take some comfort that this is fairly low cost production too. The waterflood project wells can be sunk for around US$40,000 each and can payback investment within six months based on a US$60 oil price. 26/11/08
Certainly worth a punt as far as I can see.

So mcmahons you live with gnashlevel2 on planet pluto, get real Hawk is hoping to achieve production of 5k bopd by mid 2009, total produstion of oil in Colorado in 2007 was 27 m barrels. More pie in the sky!

Suggest you go to the Oil Barrel site thats where I got the information if you feel Oil barrel is not a News site you can trust fine give them an email.
Let me know if you need help finding the site the report as I mention above was posted on the 26/11/08 always a pleasure to hear from you.

mcmahons oil barrel is just another tipsheet like TW's Ti1ps.com. ,their guess is as good as mine. Let us see some actual production and sales from Hawk then we can all make a serious assessment of their prospects. Too many PI,s have been burnt by following tipsters and rampers of late, especially if they followed bad advice and invested in small E&O companies.

cynic, no I have just under a million real shares, most of which were purchased under 27p, but since then, purchases higher put my average higher. I may soon buy more to get a nice round million just to upset halifax...

halifax, from AGM notes to me the consensus is clear, hawk is a risk but potentially massively lucrative. The stated goal now is all-focus on proving up Jolly for a company sale.

I guarantee you -that will be in 2009 but may arrive somewhat earlier than some may bargain for, which is why I will not be trading Hawk from this point onwards.

Importantly - Listening right? - Jolly is not going to see each well maxed-up, they just want to get a number of wells up **JUST** to show the best production methods for each level of oil formation. Jolly has profitable layers of oil, arranged a bit like a chilled lasagne that has been battered a bit in the ASDA trolley. But the real trick is having people expert enough find the best recovery method for each formation. You need to do it right, and imho Steve Tedesco is one of, if not the, best man to have for exactly this task. He is an expert, with the motivation that half the profits are his...it does not get any better.

My money is on a bid for Jolly, (preferably all of Hawk as a sweetener), AT THE LATEST when there is a clear turnaround in the price of oil. Simply because the price per acre is bound to rise hugely as the POO does.

Take the management's comments seriously - Hawk is increasingly on the radars of larger oil companies now and will become more so in the coming months.

oilbarrel.com - see HAWK and CEO

gnashlevel2/mcmahons get real so far Hawk has not reported any production or sales of any consequence. By mid 2009 the hope is they may repeat may produce 5k bpd, Colorado is not Texas there are small quantities of oil but no major producing oilfields by even north sea standards. The company has had to sell shares at 20p which indicates what the market believes they are worth. The big problem will be if the oil price falls further as the global depression intensifies, tell us what happens if oil prices fall to $20 per barrel?

"..The company has had to sell shares at 20p which indicates what the market believes they are worth.."

Bullsh1t, the sale was unforeseen with the new emphasis on getting Jolly proved up asap. The global shares crash brought the price down to 25p or so. Without that they very likely would have had the placing over 100p. Regardless, there would have been a few pence discount to ameliorate the traders fannying around with the sp, who could leave them with a loss on the first day which wouldn't be very good. This is how placings like that work, they get a reward for their faith in investing a huge sum, and why not?

Go to the back of the class Halifax, and write these lines 1000 times my muppet:

Hawk want to sell proven assets ASAP, NOT become a full-scale production company.
Hawk want to sell proven assets ASAP, NOT become a full-scale production company.
Hawk want to sell proven assets ASAP, NOT become a full-scale production company.
Hawk want to sell proven assets ASAP, NOT become a full-scale production company.

Oil at $20?

Anything is possible in these markets eh? Maybe it will bottom there, but it has to rise back to something profitable for the wider producers -Hawk as an exceptionally low break even though so take heart, eg 7bopd for the most expensive Jolly wells.

Under $40 there will be no new investment or exploration and before you know it, there would be a genuine global shortage that would be very hard to deal with. I said it before, that would be a real, world-shaking shortage, not speculator driven nonsense we had up to now.