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.

Guys : legal action against posters on the other side....so they do read what we put....better not put Clubman on this one.....

he'ld just call them a bunch of gays!

Frankly : I've dumped this as I think they'd do better to turn it into real estate than oil production !.

I cannot be bothered with this company.

When compared to MATD, RKH, COV and others....who wants this 20 barrels per day....and what production do they have ?...their answer is 375000 acres...so what ?.....I expected a couple of years ago at least 10000 per day by now....they're not up to a thousand yet.....(I will have to check that)....until Jolly Ranch is sold or whatever they call it...the sp probably won't do anything...so to me better value elsewhere....

cynic are you still in this one?

no; got out 2/3 months ago - total waste of space and i also have no confidence in the transparency of management statements

cynic we hav'nt followed what has allegedly been said on the other side but would like to know whether you feel any of it is justifiable( without predjudice ).

don't know what was said as i never venture into other sites ..... 20 minutes on advfn a couple of years back was quite sufficient ..... hard to believe any comment was (could be even) that defamatory anyway

anyone have thoughts on today's rns? it looks good but????????

gibby over the past few years Hawk has issued quite a few RNS's extolling the potential of their assets, lets hope the "proof of the pudding is in the eating".

halifax - agreed - i was hoping for 1000 barrels / day by now at least - but never mind - i shall wait a bit longer b4 jumping back in - cheers

but surely those weren't lies or misleading information? ..... can't possibly be so in the light of the recent touchiness of their CEO

cynic can't possibly comment,results due early october.

Are they going after the rampers too or is ramping ok ??

Lol!

when can we expect an RNS giving details of the offer for part of jolly ranch?

at the same time that they announce another stunning find there

(Knock, knock) Is that someone at your door cynic? ;o)

This thread has become very quiet which is surprising as shareholders are still waiting for news of the success or otherwise of Macquarie Timson in finding investors in Jolly Ranch which was announced on 7th June.Any news out there?