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.

precis, precis, precis!
actually, there is bugger all new in this rns, but merely good pr telling us all how well HAWK is doing, without producing any numbers as to flow (5 gallons a day!) or profitability (don't be silly!)

Ohch!! feel like I've had my hand slapped. All will come to he who waits, comes to mind.

i have held HAWK for some time ..... that rns was a real waste of time apart from PR and puff ..... and why, why, why can almost none of you precis these long-winded and in this case, rather meaningless, statements? ...... elementary schooling even in this day and age surely?

Bid rumour in the city on Friday afternoon.

Rumour of 1.25 per share, not sure if its for Jolly Ranch or part of it.

Allways do your own research, but dont forget that if sentiment is behind the stock, in a market where Bowleven with no resources only licenses went from 42p to over 1, then this should go north.

right again....come on the 33p

anyone got any thoughts on tom results?

results are now out, and the following is extracted

1,088 bbl/d achieved from seven wells during testing on Jolly Ranch Project

Are we really meant to get excited about that?????

you're not, which is why you chose that handle obviously.

You are one of these idiots that complain when your garden seedling trees don't grow 30 feet in the first year...you seem to be completely in another world to other HAWK investors. They are proving the plays up only enough to show the intrinsic value then the lot is going for sale. By the wording of the RNS that sale is complete in April which is only a few days away. Suggestive of a very good price to markup a substantial rerating of HAWK.

Since you expect your seedlings to grow into mature trees overnight, I expect you won't even understand the impact of a rerating of this nature. It will move the sp hugely and by then, just maybe, you will cut this company some slack.

An excellent RNS, exceeded expected progress on all fronts and the confirmation of the farm-out sale literally just days away.

1,000 bpd is derisory ..... great things were touted for this company (note thread header), so much so that sp reached 100p or more ..... sure the company has cash, but why on earth would any major have any serious interest (as has also been heavily touted as the end game) in this single plankton in the ocean? ..... HAWK's strike rate is impressive, but if each well is only going to produce 1/200 bpd, then they will need a whole rainforest of donkeys to produce enough oil to make the company other than a little cash cow (sorry about all the mixed metaphors!) for the founders.

or have i missed a forecast that HAWK will be producing even 10,000 bpd by say end 2010 ..... and even that is very small beer

christ cynic, read my fcking reply it applies to this 'reply' of yours again.
Are you in your late teens or something? I mean you know nothing about the concept of a growing company. I am speechless, I knew you were some kind of clown but I never had you as moronic.

Remember some of our wells are only 700-ft deep and very cheap to drill.

you sound like Markymar on the RKH thread ..... would you agree that the purpose of an E&P is is to find and extract oil in commercial quantities? ...... if so, 1,000 bpd does not qualify in the real world ...... selling a farm-out, and i fully accept my ignorance in that quarter, surely just produces some cash for passing the buck, but in no way adds to the true value of the vendor, unless it can or has shown that it is sitting on very significant reserves ......

am i correct and/or have HAWK even half-way proved such reserves?

or to ask another question ...... do you think that HAWK is worth remotely close to 100p today or even in 3 months time? ..... if not, what value would you expect?

billy ... that much is true, but 1000 bpd is still only 1000 bpd which is the best part of fuck all

"and i fully accept my ignorance"

No you don't you bampot, if that were true you would ask the right questions in the right manner rather than just sit here and badmouth HAWK. You pillock. Honestly, you have enraged me this morning, not because of your badmouthing as such (all BB have them) but because you are so hugely stupid.

For the love of peter.. Look, reasons why 1000 barrels should not be regarded as poor:

Reason-1:
[quote from RNS]
Drilling and completion costs continue to fall and the Board is of the opinion
that, with the background of relatively low, albeit improving, oil prices,
our efforts are best focused on proving up the extent of the asset to establish
the project as a high reward world class non-conventional shale play, rather
than concentrating on generating maximum production at this stage. [read that last sentence cynic] [now read it again you are too thick to get it on one]

Reason-2:
The 1000 barrel target has been exceeded. However that is with 2 whole wells not even contributing yet.

Reason-3:
This is quote "test" flowing and not, repeat NOT full "production" which will include the other wells and also the effects of fraccing and co-mingling. These latter two enhancements will see these levels frankly sky-rocket. David Bramhill will be enjoying reporting this in due course but if you were half awake on HAWK you would know how exciting this all is for eventual "production" figures on the Jolly area in question.

Okay cynic -have I got through that 3 inches of calcium under your scalp on why you have been a silly-billy on berating the 1000 barrels thing? Good, can we move on?

The hints at something significant about Buchanan are interesting. Looks like DB keeping the powder dry on this one for a forthcoming RNS.

bringing 1000 to what? ...... 5000 at most optimistic? ...... remains to be seen, and very much wishful thinking, certainly at this juncture.

and of course you have still not answered the question ....... do you think that HAWK is worth remotely close to 100p today or even in 3 months time? ..... if not, what value would you expect?

marginally unfair i know, but the market is clearly as underwhelmed as i, so perhaps i am not the dolt you would like to paint me.

5000 for a handful of low-depth wells would be excellent - you obviously haven't done the scale-up of wells over the rest of the vast acreage that the eventual buyer would -then you are talking astronomical sums. This little test-patch on Jolly is just that. You must know that you pillock you are just rabble rousing here.

HAWK will NOT be there by the time that ever sees the light of day, it will have been sold off by then, that's the ENTIRE point of investing in HAWK, as it stated this is the goal from float and gives PI's a clear medium-term exit strategy -that is well on schedule.

As for the market, I don't read into it what you are given maybe 80% of PI money went hot into AFR this morning (including some of mine now back +15% haha!!!). Can I have your email address cynic? I will send you a scan of my cheque from Hawk when my 1.2 Million shares are converted on the company sale :-)

i also hold a modest number of HAWK, but am perhaps more realistic than you .... meanwhile, and as to be expected, you have not answered my questions ... and if you really do hold 1.2m shares in HAWK, then you are either talking balls, or are a damn fool for not off-loading the majority when the shares were 100p, or both.

and if you are in/out of AFR, then jolly good luck to you ..... i have done at least as well over recent days in the likes of HOIL, PMO, TLW, PCI and even on Dow last night .... but what has that to do with the value (or lack of it) of HAWK?

If 1MM+ of these freaks you out then I apologize, I have been luckier than you and needn't rub it in. I am not into detailed discussion of HAWK value each week as much is intentionally kept secret at this stage while certain things develop and are acquired. We can bicker all day, so let's see where we are, say Christmas eh?

i merely asked a simple question which, as expected, you chose not to answer, speculative as such an answer might be ..... personally, and unless you own a mega-yacht and have the billions in cash to match, i think 200k or more in this type of stock is total lunacy, especially when argaubly 4x as much (or in part) could/should have been encashed many months ago.

cynic some far cleverer people than I were caught by the sheer size and speed of the market collapse. Why are you going on about it - are you speaking from personal experience? I used the return to near flotation value to add a few 10's of K cash into HAWK to make the best of a bad call on not crystallizing what I could have, I hope you did the same on this or other stocks. I am modestly wealthy and would still do well if I lost all my Stock Market paper, but I value health way more than all this nonsense anyway. 200K into Gold at an average of $560 shows I did something right, and I am not selling that under 2K an ounce!