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.

yes, i am indeed making a small loss on Hawk, but then my holding here is scarcely significant and of course the post above is self-explanatory .....

the "raddled queen" is upset i suspect because i openly admit my mistakes, whereas she .....

by the way, our successful, moderate-sized business is loosely linked to the shipping of chemicals etc ..... however, i am not here to promote the merits of our company, and indeed this is not of general interest and this BB is certainly not the place to do so.

Has 33-35p all over it in the next week or so

why?

because this is the stocks price range

for goodness sake get real!
where on earth did you dream up that idea?
you might just as well have said 115, which was the high perhaps 6 months ago

we will see then

would be delighted if you are right, but odds are about 100/1 or longer

watch the US rally tom, oil will follow and so on

nice and pretty glasses you wear lol!

the 50,000 shs buyer @ 26 obviously thinks the same

12.5k only .... i give up!

another pump and dump stock this, remember talking to one of the gaffers at the master investor show 2008, put me right off. Unfortunately didn't follow my instincts and short the pile of rubbish. Prob just another stock brought to market in the good oil days and will just bump along to zero with the odd fundraising and false hope thrown in. Good luck as I think you'll need it here.

let the old raddled queen rattle on .... she's actually just sore about TMC and some other stock(s) where she has been singed rather badly .....

personally i see no signs of HAWK being pumped at all (unfortunately) .... in fact it has been rather stagnant for some time and will prob remain that way, at least until crude prices recover over the coming months .... even then, the company has a long way to go before it is of interest to any predator

I appreciate that you own this stock cynic but I am surprised you react to the innane ramblings of an oliver that is so obviously trying to twist the truth.

you're right ... he's just a twit!

This is just a very dull time for the market in general (except for gold) ....perhaps with spring coming things might pick up a little !.

The directors of Nighthawk Energy plc ('Nighthawk' or 'the Company') (AIM: HAWK), the US focused hydrocarbon production and development company, are pleased to announce details of a significant gas discovery and a new reservoir at the Devon Oilfield waterflood project, located in Bourbon County, Kansas. Nighthawk holds an 80 per cent. interest in the project, which covers an area of 1,764 acres. Running Foxes Petroleum Inc. is the operator and holds the remaining 20 per cent.




The Graham 6-36D-3 well was tested from the Lower Bartlesville formation at a depth of 430 to 438 feet resulting in a stabilised open flow test of 627 MCFGPD (thousand cubic feet of gas per day) through a one inch choke.




The well has been hooked up to a local pipeline and gathering system and natural gas is now producing at a choked off rate of 160 MCFGPD and being sold into the market.




This producing sandstone represents a separate reservoir from the main Bartlesville channel system presently being waterflooded and seeing increasing production at the Devon project.




Eight additional locations have been staked and these wells will be drilled to define the extent of this new reservoir.




A full update of operations in respect of the Devon Oilfield will be issued in early March 2009.

it's all over-hyped; pump and dump etc ...... ask kate barnes, the raddled queen; she's never wrong on these things!

Well...it's steady improved production with this one...if they keep on like this for the next couple of years and somewhere along the line we get an oil price recovery...I'd like to think that the sp will be above 60 or 70p once again !.

RNS Number : 5798O
Nighthawk Energy plc
10 March 2009




Nighthawk Energy plc


Update on Commercialisation of Devon Project



The directors of Nighthawk Energy plc ('Nighthawk' or 'the Company') (AIM: HAWK), the US focused hydrocarbon and production company, are pleased to announce an operational update on the commercialisation of the Devon Oilfield waterflood project, located in Bourbon County, Kansas. Nighthawk holds an 80 per cent. interest in the project which covers an area of 1,764 acres. Running Foxes Petroleum Inc. ('Running Foxes') is the operator and holds the remaining 20 per cent.


The Devon Oilfield, one of Nighthawk's six development and production projects located in the US mid-west, has seen strong progress during the last six months, including:


*
Continuing drilling success

*
The ongoing construction of production and sales off-take facilities at the Vogel, Graham and Cleaver locations

*
Further construction of surface facilities

*
Expansion of the water injection process throughout the project area

*

Discovery of a new natural gas reservoir within the Graham area of the project


To date, Nighthawk has invested approximately US$6 million net in the Devon Oilfield project. All the wells drilled have targeted the Bartlesville channel sandstones at shallow depths of between 350 and 500 feet. The current status of drilling is as follows:


*
34 oil wells on primary production awaiting waterflooding to take effect

*
29 wells awaiting completion for production and tie in to surface facilities

*
11 wells drilled, cased and cemented for production

*
6 wells shut in awaiting infrastructure

*
15 injector wells injecting water

*
6 test wells designed to define the edges of the Bartlesville reservoir plugged and abandoned

*
20 wells permitted for future drilling

The current drilling success rate for the Devon Oilfield is 94 per cent., an excellent rate for any development project.


The rate of primary production is increasing as more wells are brought on stream and is on target to be in excess of 100 barrels of oil per day equivalent (gross), by 31 March 2009. The Directors expect this rate to increase markedly as additional wells are brought on stream.


Primary oil production should be considered a bonus prior to the waterflood process taking effect and a major positive indication. The water injection process is ongoing and the full effect on production is only expected to be observed during Summer 2009. At this stage of development, it is not possible to accurately predict optimum production levels, however, expectations currently range from 500 to 1,500 barrels per day (gross) for the developed acreage at the Devon Oilfield.


In addition to the oil production, a new and positive development is the discovery of a primarily natural gas reservoir at the Devon project, as announced on 19 February 2009. The Graham 6-36D-3 well was tested from the Lower Bartlesville formation at a depth of 430 to 438 feet resulting in a stabilised open flow test of 627 MCFGPD (thousand cubic feet of gas per day) through a one inch choke.


The well has been hooked up to a local pipeline and gathering system and natural gas is now producing at a choked off rate of 210 MCFGPD per day, a significant increase on production last reported of 160 MCFGPD.


A further five wells have subsequently been drilled with similar results to the Graham 6-36D-3 well and have all been cased as producers from the same Bartlesville formation. These wells are expected be hooked up to a pipeline and sale of product to commence within the next ten days.


David Bramhill, Managing Director, commented 'Running Foxes is making excellent progress on the continuing development of the Devon Oilfield. We currently have six projects that are either in early production or at the development stage. It is interesting to note that our Buchanan Group waterflood projects located in neighbouring Missouri, and contiguous to the Devon Oilfield with similar geology, cover in excess of 40,000 acres, a multiple of 24 times that at the Devon Oilfield.


'With the ongoing and successful development of our core projects, namely Jolly Ranch, Buchanan Group and the Devon Oilfield, expectations remain high. The current financial environment does not allow the value being created to be reflected in the share price. However, with our project portfolio, we believe we have the opportunity to build Nighthawk into a successful mid-tier enterprise within a reasonable timeframe. When the eventual upturn in both general market confidence and oil and gas prices happens, Nighthawk will be well positioned to benefit.'



David Racher B.Sc (Hons) Geology, who is a consultant to Nighthawk and has over 37 years of experience in the hydrocarbons industry and previously managed the Lasmo plc onshore US portfolio in Kansas, Louisiana, South Dakota, Texas and Wyoming, has approved the technical information contained in this announcement.