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.

hardly freefall!!!

just a bit of profit taking..........its doubled since it joined AIM

quite so! ...... the market has been overdue a sharp correction for some time and this could well be it ..... the likes of HAWK and that myriad of even tinier minnows that seem to predominate on this site are always difficult to unload at this sort of time ...... i have often warned as much, but typically (nearly) all scoff, but then the Trojans treated Cassandra similarly

Sub doubled as well, that "bit of profit taking" ended at 3p!!!

so bail out then! ..... however, SUB was always at the extreme end of risk (read my posts there if you can be bothered) whereas HAWK seems to have a fair amount of substance and considerably better than blue sky prospects ...... if you have mortgaged your house for HAWK, then get on your knees to your lender!

I always read your posts cynic, that's why I sold mxp at 99p.

hope it was a good call at the time and that you banked a (good) profit ...... must have been a few months back as even had to check who MXP were

A lot of holders are bailing out of this to get into TMC. The other option is IVK, more shares for your money. Third quarter 2007 watch out for a new arrival, Billitung. Sorry off thread but just got up.

still showing about 17.5% clear profit in 2 weeks so am happy to stay put ..... already hold TMC as you know!

Half of yesterdays losses recovered already.

Looks like the market liked the placing news.

is closing well regardless the down market...
good sign for tomorrow?

for info
Nighthawk Energy plc
07 June 2007

NIGHTHAWK ENERGY PLC

ACQUISITIONS AND PLACING RAISING 5.25 MILLION


The directors of Nighthawk Energy plc ("Nighthawk" or "the Company") (AIM:
HAWK), are pleased to announce the acquisition of a 50 per cent. working
interest in both the Centurion Project in Sumner County, Kansas ("Centurion")
and the Jolly Ranch Project, Lincoln County, Colorado ("Jolly Ranch").

Nighthawk, in conjunction with its partner, Running Foxes Petroleum Inc.
("Running Foxes"), have reviewed a number of projects during the second quarter
of 2007 with a view to increasing the asset base of the Company. The criteria
applied to potential acquisitions are that the project should have a greater
than 50 per cent. probability of commercial production and the expectation of
production or commencement of development within one year. Both Centurion and
Jolly Ranch meet these acquisition criteria. In addition, the Directors
anticipate that Nighthawk will acquire an interest in a further project before
the end of June 2007.

In order to provide funding for the acquisition and development of the interests
in the new projects, the Company has completed a conditional placing (the "
Placing") of 12,500,000 new ordinary shares at 42p per share through Hanson
Westhouse Limited raising 5.25 million (before expenses).

read more
http://www.digitallook.com/news/rns/1345218-216128/HAWK-Acquisitions_and_Placing.html

bugger! ..... looks as though i banked my profit too early at 45.5 .... still, never go broke that way!

cynic I did the same thing .. but got back in this morning 46.50
(L2 looked good) all blue now

Lots of good news coming out of this co at present - that's the way we like it!

back in 48.25 ..... effectively "cost" me 2.75p, but think it's a pretty good bet ..... and closed just prior to auction "sillies" at 48.5 to sell, so not bad

Nice to see you boys bagging a bit of profit. Returning to the same stock at a higher price shows that you think its a goodie. I'm looking for 3 figures.

I said I did the same thing ..meaning I took profit (on Tuesday at 49+)
with today price I regarded a good deal... :-))

I bought couple months ago for 22.5p sold month ago at 29p cos thought i needed funds for plot of land, turns out no need, and watched them climb to 50p bugger...
anyhows back in two days ago at 43.5p hopefully for the next round....

oily .... never thought it a poor stoick, but didi not much like the feel of the market this morning and did some gentle and prudent pruning ..... good to see Wall Street +80 at time of writing ..... let's hope it holds and continues again on Monday