Investors' Room :: Regal Petroleum - MoneyAM - Free Share Prices, Stock Quotes, Charts, News, Level2

Andy - 22 Jan 2003 17:51

Regal Petroleum started trading on AIM recently. With the help of London broker
Evolution Beeson Gregory; Regal raised 10 million valuing the company at
34million.

Regal is raised the money to increase production in the so-called Chernihiv
field in Ukraine. Regal currently has a 75/25 joint venture with Chernihiv a
state owned exploration company and drilling enterprise. The Chernihiv field is
situated in the most prolific gas and condensate region of the Ukraine, the
Dneiper-Donets Basin. This Basin currently produces 90 per cent of Ukraine’s
gas and condensate. An independent report estimates that the Chernihiv field
has a total of proven and probable reserves of approximately 905bn cubic feet
of gas and 51.52 million barrels of condensate.

Over the years 18 exploratory wells have been drilled. Of these wells 12 have
been flow tested and demonstrated that commercial quantities of gas can be
produced.Regal says that a work over of the Mex- 3 well last July meant the
group commenced commercial production in August 2002. To increase production
rapidly Regal plans to drill more wells and work over old ones. It hopes to
have three wells in production by the end of 2003.

chart.asp?symb=uk%3Arpt&compidx=aaaaa%3A

chart.asp?symb=uk%3Arpt&compidx=aaaaa%3A

Corporate website : www.regalpetroleum.com

Andy - 22 Jan 2003 17:56 - 2 of 448

I recently purchased some Regal shares, as there is a VERY bullish statement
and price target set by the house broker.

I consider Regal to be a medium to high risk stock, with a good chance of a
decent return in the medium term.

Kayak - 22 Jan 2003 23:55 - 3 of 448

Hey! Who let him in early!

Martini - 22 Jan 2003 23:57 - 4 of 448

Yer I was well miffed not getting the first thread :)

Juzzle - 23 Jan 2003 00:40 - 5 of 448

Well that's a good start - "symbol not recognized" when clicking here on epic. And Sharescope has PRT as 'Partner Holdings'(classed as General retail sector, but defunct as of 2 years ago).

Edit: Aha, solved it Andy, it's RPT not PTR.

;-)

Mr Ashley James - 23 Jan 2003 02:25 - 6 of 448

Andy,

Well done in straight away Thread Numero Uno!

BOL RPT

Cheers

Ash

Gdub - 23 Jan 2003 03:01 - 7 of 448

I hate to be a kiljoy, but if you're gonna start a thread get the damn epic right! Grrrrr!

Andy - 23 Jan 2003 11:46 - 8 of 448

Gdub,

Tulletj has kindly corrected my typo.

Thanks for pointing it out.

Andy.

Andy - 23 Jan 2003 23:11 - 9 of 448

Ashley,

I saw the room up and looked in, and as there weren't any threads created, I couldn't resist posting the first one!

Do you have any opinions re RPT?

I do feel they are worth a bit of a punt, but with risk money only.

Shares Mag have a "buy" recommendation in tody's edition, although I haven't had time to read the article yet.

Andy.

Gdub - 23 Jan 2003 23:33 - 10 of 448

Hi Andy!

Well done, didn't mean to be rude by pointing it out, but it's a bit of a bugbear of mine.

RPT has great potential, so good luck.

Andy - 23 Jan 2003 23:51 - 11 of 448

Gdub,

No offence was taken, and I'm glad you pointed it out so it could be corected.

I agree with you that it's important to start a thread with the correct epic.

Cheers.

Andy - 24 Jun 2003 19:15 - 12 of 448

Regal are on the move again, and with their recent drill and export news, could be due for a rerating once they start to export from the Ukraine.

Regal is the FIRST non Ukranian company to be given an export licence by the Uktranian government!

gardyne - 24 Jun 2003 20:20 - 13 of 448

good thread andy.always glad to hear of interesting companies.

Andy - 24 Jun 2003 23:47 - 14 of 448

gardyne,

Many thanks indeed!

I honestly think Regal may be worth watching, and once they begin to export gas, with the 50% higher price, they could well be worthy of consideration.

In particular, I like the fact that they sell cash on delivery within the Ukraine, so no bad debt problems!

Regal are also debt free, with a decent balance in the bank.

gardyne - 04 Jul 2003 22:56 - 15 of 448

andy,I noticed all buy trades today monitoring this one very carefully.

Andy - 05 Jul 2003 18:15 - 16 of 448

gardyne,

Regal have been on the aquisition trail, and have bought into a company with producing oil wells in the Agean Sea!

------------------------------------------------------------------------------

LONDON (AFX) - Regal Petroleum PLC said it has signed heads of agreement to
buy a 90 pct stake in Eurotech Services SA with the issue of up to 5 mln shares,
giving Regal a 60.3 pct holding in Kavala Oil SA.

Eurotech is a private company based in Greece, which owns 67 pct of Kavala.
The deal means Regal will indirectly own 60.3 pct of Kavala.
Kavala is a private company with assets which comprise a producing oil
project in the North Agean Sea. As part of the deal, Regal will provide Kavala
with a 30 mln usd loan facility to develop its oil fields and increase
production.

Kavala has the exclusive right to develop three oilfields with proven oil
reserves known as Prinos, Prinos North and Epsilon and one exploration and
development field known as Kallirachi. It also has the exclusive right to use
and operate a state owned oil facility capable of producing 40,000 barrels of
oil per day including all production, processing, loading and transport
infrastructure.

The agreement gives Regal the exclusive right to proceed with the proposed
acquisition until Sept 30.

Regal is proposing to appoint chief executive Guenter Nolte and finance
director Glenn Featherby to the board of Kavala, while Nikolaos Loutsigkas,
president and managing director of Kavala, will be appointed to the board of
Regal.

newsdesk@afxnews.com
shw

gardyne - 06 Jul 2003 09:12 - 17 of 448

andy,thanks again for the update on regal.what are your views on dana should I wait until the share consolidation is out of the way before getting involved?

Andy - 06 Jul 2003 11:00 - 18 of 448

Gardyne,

Sorry I don't follow Dana, so have no views.

I theory a consolidation shouldn't effect the price as the fundementals remain the same, it's an excercise to make the share more attractive to institutions, who don't like to deal in "penny shares".

I have checked out a Dana thread on another BB, and the resident posters seem happy enough (although that is common of most threads on finacial BB's, so shouldn't read too much into that) an there is apparently an AGM at the end of the month.

I have started a Dana thread, so let's see if people post comments on there to help you.

goldfinger - 07 Jul 2003 11:29 - 19 of 448

Im in this one Andy and feel it has a massive future. The signing up of the German Oil man nolte from Halliburton goes to show how much he feels about this company. Good luck.
GF.

Andy - 07 Jul 2003 11:59 - 20 of 448

GF,

Thanks, you too!

I feel RPT have considerable growth potential, and that's without anything they may fiond in Romania, which, after all, is frank Timis' home ground, so I am reasonably confident there too.

I'm pleased this seems to have been missed by the market, and hopefully I can build a bigger stake before any rerating.

Andy.

Andy - 06 Aug 2003 12:08 - 21 of 448

Another nice tick up on Regal again today, on an otherwise red day for the market as a whole.

RPTare now approaching their all time high again, and could be worth watching closely for signs of a breakout.

Don't forget Regal are a producer of gas and oil, and only consider proven exploration projects, have cash in the bank, and no debts.

Andy - 03 Sep 2003 12:40 - 22 of 448

Bad news today - I have sold all my holding for a small loss.

http://moneyam.uk-wire.com/cgi-bin/articles/200309031006453277P.html

I will wait until the prices has settled, and the escrow due at thge end of September is out of teh way before deciding whether to re-invest or not.

Very disappointed with this news, I did think RPT would be a solid long term growth stock.

Andy - 27 Dec 2003 20:08 - 23 of 448

I have been watching RPT since my sale, and they have recovered very well indeed. I am now considering re-investing in RPT.

I have pasted a couple of the most pertinent news items below;
--------------------------

04 December 2003
For Immediate Release 4 December 2003

REGAL PETROLEUM PLC

('Regal' or 'the Company')

UKRAINE EXPORT PIPELINE COMPLETED AND CONNECTED

The Board of Directors are pleased to announce that a 13.2 km export pipeline
constructed by Regal, connecting the company's gas processing plant in Ukraine
to the International export trunk line to Western Europe, has been completed and
connected.

All Ukraine government approvals have been obtained and the company's existing
gas production is now being transported through the new pipeline which has a
capacity of 4 million cubic meters of gas per day.

Completion of the pipeline is the culmination of Regal's plan to be independent
of the State owned infrastructure. The company now operates it's own gas and
condensate wells, gas processing plant and pipelines.

Executive Chairman Frank Timis said:

'Completion of the pipeline is a major achievement for Regal as it will
facilitate the planned export of Ukraine gas production and ensures company
control of the infrastructure as well as providing significant cost savings'.

----------------------------------------

19 November 2003

Immediate Release 19 November 2003

REGAL PETROLEUM PLC
('Regal')

Kavala Oil S.A. Commences Drilling of Kallarachi Prospect, Greece

The directors are pleased to announce that Kavala Oil S.A. ('Kavala') has
commenced drilling of an exploration well at the Kallarachi exploration field.
Based on an independent opinion by consultants Troy Ikoda, the field is expected to contain up to 227 million barrels of recoverable oil.

The well is scheduled to be drilled to its target depth of 2,500 metres by 31
January 2004 and is budgeted to cost US$8.5 million. The cost of drilling is
being funded by the US$30 million credit facility provided by Regal to Kavala.

Kavala is a private company incorporated in Greece in which Regal has an
indirect 57.69 per cent. interest.

Andy - 23 Jan 2004 17:31 - 24 of 448

Nice jump in price today!!!

ssanebs - 06 Apr 2004 22:42 - 25 of 448

excellent announcement from regal

Regal Petroleum PLC
06 April 2004

6 April 2004

REGAL PETROLEUM PLC

Acquisition of onshore oil interest in Egypt

Regal Petroleum ('Regal') is pleased to announce that it has signed heads of
agreement to acquire, subject to Egyptian government approval, LK Exploration
N.V.'s ('LKE') interest in certain petroleum exploration and production rights
in the East Ras Budran Area, Gulf of Suez, Egypt.

The property contains four large prospects identified following the evaluation
of existing data. The prospects have the potential for significant oil reserves.
An independent study will be completed in due course.

The concession area is in one of the most prolific petroleum provinces in the
world. Surrounding oil fields nearby include Ras Budran, October, Abu Rudeis,
Belayim Onshore and Belayim Offshore, which range from 270 million barrels to
over 1 billion barrels of recoverable reserves.

During the first three years of the concession period, Regal has a commitment to
spend $4million during the exploration stage.

A further detailed statement will be made in due course.

Andy - 06 Apr 2004 22:57 - 26 of 448

ssanebs,

Yes I agree, and Regal are really putting themselves on the map now.

One small concerns may be the words "subject to Egyptian govt approval", as any CEY holder will tell you!

However, assuming the Egyptians will be as keen as anyone to extract their resources, I'm sure Regal will be able to conclude such a deal.

Watching these developments with interest.

mitzy - 26 Jun 2004 11:02 - 27 of 448

Any reason for the huge price leap the last couple of weeks; and will it continue.

Andy - 03 Jul 2004 11:49 - 28 of 448

mitzy,

A comment from today's Independent;

---------------

Profit-taking left Regal Petroleum 19.5p lower at 411.5p. Nevertheless, the explorer boasted that it had been awarded production licences for gas fields in the Ukraine. The most recent gossip surrounding the stock has been of a positive update before the end of the summer from Regal's operations in Greece. Bulls of the stock are also excited about the prospects for the company's Romanian gas assets, a statement about which is also expected soon from the company.

---------------

I held RPT last year, and am thinking about reinvesting once again, as there does seem to be a tranche of possibly good news on the horizon, alkthough some may already be priced in.

mitzy - 03 Jul 2004 20:28 - 29 of 448

Thanks for that Andy...yes the Ukraine news is very exciting for RPT.

kitkat1 - 04 Oct 2004 15:02 - 30 of 448

excellent rise last week
should see 500p

Andy - 04 Oct 2004 17:22 - 31 of 448

kitkat,

Not quite broken the down trend yet, see chart above.

Any further rise will do, and I'm keeping a close eye on it.

bowman - 14 Oct 2004 16:42 - 32 of 448

hi another not very good day

bowman - 25 Oct 2004 11:33 - 33 of 448

Evolution securities new target price of 557p for Regal Petroleum . Tipps.com says buy regal . city wire says buy regal get on board before it is to late.

regards bowman

bowman - 25 Oct 2004 14:13 - 34 of 448

one tipster giving a buy reccommendation values Regal Petroleum like this

kallirachi 284p share
ukraine 162p share
epsilon/prinos 126p share
egypt/romania 0p share
Total price 572p share value
Romania could catch everyone out gas fields there could add some spice to the total assets.

regards bowman

bowman - 28 Oct 2004 08:53 - 35 of 448

Rumour of the day Regal petroleum to start drilling in Romania in a few days from The Times newspaper.

aldwickk - 28 Oct 2004 09:23 - 36 of 448

So why are the shares not going up ? but going down all week.

aldwickk - 28 Oct 2004 09:50 - 37 of 448

So why as the share price been going down all week?

aldwickk - 28 Oct 2004 09:54 - 38 of 448

So why as the share price been going down all week?

aldwickk - 28 Oct 2004 14:32 - 39 of 448

OK they going up now. lol

The Other Kevin - 28 Oct 2004 14:33 - 40 of 448

Keep talking

dikytree - 28 Oct 2004 20:04 - 41 of 448

I can feel this going up big! in my waters.

bowman - 29 Oct 2004 11:19 - 42 of 448

hi dikytree is that greek waters . romania should be next news with two large prospects being lined up for drilling there.

bowman - 29 Oct 2004 16:27 - 43 of 448

chairman Frank Timis buys 150000 shares at 332p costing 500k.

Andy - 31 Oct 2004 01:37 - 44 of 448

Sadly the downtrend since June is still intact.

Let's see what next week brings in the light of Frank's purchase!

bowman - 03 Nov 2004 11:36 - 45 of 448

something is going down at Regal petroleum , a lot of buyers today

Andy - 03 Nov 2004 13:21 - 46 of 448

bowman,

It was tipped by Tom Winnifrith in an email yesterday.

bowman - 03 Nov 2004 15:39 - 47 of 448

Thanks Andy for that info

regards bowman

bowman - 04 Nov 2004 11:47 - 48 of 448

Where on the march again, Frank Timis bought another 150,000 shares today at 350p . How is that for confidence in Regal Petroleum.The chairman certainly believes in Regal good luck to all you shrewdies on board.

regards bowman

bowman - 05 Nov 2004 08:31 - 49 of 448

Where are on the move again at Regal Petroleum, is this upward trend back ??????

kyrit - 09 Dec 2004 10:15 - 50 of 448

Regal Petroleum eased 2.5p to 366.5p on the weak oil price. House broker Evolution Securities remained positive, issuing a buy note with a 515p target price. Evolution believes drilling at an appraisal well at Regal's Kallirachi discovery in Greece will be completed early next year

Andy - 18 Jan 2005 00:44 - 51 of 448

Suprised to see no mention of RPT for so long given the current rising price.

The all time high may soon be in sight gain, and with FT's recent purchase, I wouldn't bet against that being broken either.

I'm keeping a close eye on RPT, director buys at market price are a good signal IMHO.

bowman - 21 Mar 2005 08:33 - 52 of 448

where on the march at Regal Petroleum ,ticking up nicely today. Is there some news from greece or romania expected .

Cheers Bowman

rooandu - 21 Mar 2005 10:24 - 53 of 448

bowman... article in Times yesterday... greek (+) drilling update this week?!

bowman - 18 Apr 2005 15:20 - 54 of 448

The buy price looks very juicy today with romania and greek news to come out , there is a few more i favour as well like the monstermob and bhb billiton.

cheers Bowman

pma68 - 18 Apr 2005 19:07 - 55 of 448

pma68 - 18 Apr 2005 19:09 - 56 of 448

Whoops, sorry about that. There was an article in the Times yesterday which said that Frank Timis (the big Boss at Regal) has delayed making any drilling announcements for another two months - he wouldn't say why.
I also own shares in this company and so am a bit nervous with all the delays. Hope I'm wrong.

bowman - 27 Apr 2005 18:54 - 57 of 448

it has turned into a nightmare this stock ,i am sure freddy crougar has shares in this stock regal petroleum . Very volatile.

regards bowman

pma68 - 27 Apr 2005 19:02 - 58 of 448

I'm in two minds whether to sell my remaining shares in this company. They announced mixed news on Monday: they've made a 'significant discovery' in their Romanian gas fields but are producing substantially less oil in their Greek oil feeds than they hoped due to continuing technical problems.
If I do sell I would probably add to my holdings in MOI. What about you, bowman? Are you going to hold or fold?

Andy - 27 Apr 2005 20:18 - 59 of 448

pma68,

To be honest I thought Monday's news was ok, and am very surprised to see the price down so much.

maybe a buying opportunity coming up?

I will be watching the chart and indicators closely.

pma68 - 28 Apr 2005 14:28 - 60 of 448

Hi Andy. Thanks for the reply.

You could be right regarding a buying opportunity. However, there's only one problem - due to the stock markets performance over the last few weeks my portfolio has taken a right battering.

Most of my holdings are in AIM companies and all I can see on my stock screen is RED! I've not been at this game long and the way things are going I won't be in it much longer!!!

seawallwalker - 18 May 2005 08:45 - 61 of 448

Another bloodbath..............

I do hope those above dumped after the last blip.

EVO and RPT must have had suspicions of this.

Bound to have a knock on to other E & P Companies today.

profitking - 18 May 2005 08:58 - 62 of 448

this could really motor to 50/60 pence in a few days .very risky

mitzy - 18 May 2005 09:14 - 63 of 448

Possibility of them falling sub 100p so perhaps 60p is also possible..cant beleive how much this has fallen in one day.

Andy - 18 May 2005 11:59 - 64 of 448

Total disaster!

Glad I didn't buy back in a month ago when I was considering it now, and I hope nobody here has more than a small holding.

-------------------------------------------------------------------------------

0659 GMT [Dow Jones] Regal Petroleum (RPT.LN) trades 61% lower at 100p in pre-market trade. "Absolute disaster for the company," notes analyst. "The Kallirachi field in Greece contained the majority of the value in the company." When the original discovery was made in January 2004, Regal said it could contain 1B barrels of oil in place, "ie the same size as Cairn's (CNE.LN) Mangala field in India." Mangala tested at 10,000 b/d of oil, Kallirachi has just tested at 30 b/d. "Regal's credibility will take a significant hit on the back of this," he adds. "Investors who took part in the GBP45M placing three weeks ago are unlikely to be happy." (SMT)

gallick - 18 May 2005 13:45 - 65 of 448

Glad I never went into these, but thought about it a few times. However that time might be soon now.

rgrds
gk

seawallwalker - 18 May 2005 13:59 - 66 of 448

My advice is to stay out forever.

Dont throw good money after bad.

No one knows if this will recover once the Institutions who recently bought into the share placing at 3.90 take them to task.

gavdfc - 18 May 2005 14:05 - 67 of 448

Article on Regal on Citywire.

http://www.citywire.co.uk/News/NewsArticle.aspx?VersionID=74370&MenuKey=News.Home&NewsPage=2

stephen801 - 18 May 2005 19:35 - 68 of 448

Apologies for a silly question, but is that 45M cash or whatever they raised at the recent placing still factored into their current valuation, or is the SP reflecting an assumption it's gone along with the Kallirachi field?

mbugger - 18 May 2005 19:44 - 69 of 448

Even csh have over30b/d ,even eenare motoring compared with this disaster.

Andy - 18 May 2005 20:38 - 70 of 448

Regal major shareholders;

Henderson Global Investors Limited 20,404,119 15.88
Merrill Lynch Inv Managers Ltd 18,572,354 14.45
Caldwell Associates Ltd 11,236,750 8.76
Vasile Frank Timis 9,080,887 7.08
The Capital Group Companies 6,853,000 5.33
Forest Nominees Ltd 6,496,139 5.07
Commerzbank 5,807,112 4.53
Artemis Investment Management 5,755,310 4.49
Goldman Sachs Group Inc 5,162,112 4.02
Morgan Stanley Securities Ltd 5,096,725 3.97
Schroder Investment Management Ltd 4,433,100 3.46
Man Financial Ltd 4,123,800 3.22
TR European Growth Trust PLC 4,000,000 3.12
Bank of New York 3,994,410 3.11
Fidelity Investment Mgrs Ltd 3,867,485 3.01

Frank Timis lost a fair chunk today!

xmortal - 18 May 2005 23:34 - 71 of 448

Hi, Just for the record, I do not hold a position on RPT but might soon. I think this will go up once calm returns. It will go up big style. Do you really think institutions will loose the money just like that??? They will play all hardcore tricks to get their money back, that is going long or getting rumors going. Wait and see. Remember that RPT still producing oil (a bit less) but nevertheless. Just remember HNR and PCI once they got going, PCI producing but much less and HNR only exploring at moment. Just follow the RPT for the time being. xm

xmortal - 18 May 2005 23:35 - 72 of 448

btw. A lot of metals and oil cos fell a lot today, it really scared the sh*t out of me from trading for few days, though magic for CFDs.

Andy - 18 May 2005 23:57 - 73 of 448

xmortal,

Yes, even fairly solid producers such as SEy and JKX got hit today, possibly as a result of RPT's fall.

I agree, RPT should bounce once the dust settles.

seawallwalker - 19 May 2005 07:35 - 74 of 448

Board changes and operational updates.

http://www.uk-wire.com/cgi-bin/articles/200505190700584974M.html

This next link was foundon advfn and is a good read.

http://www.guardian.co.uk/business/story/0,3604,1487073,00.html

gavdfc - 19 May 2005 09:37 - 75 of 448

Article on OilBarrel today.

http://www.oilbarrel.com/home.html

Andy - 19 May 2005 09:43 - 76 of 448

Gav, SWW,

thanks for those links, interesting, and RPT have to take some credit for making changes quickly I guess.

From the AFX;

LONDON (AFX) - Regal Petroleum PLC, which yesterday saw its shares plunge after announcing that tests on a drill site in Greece have shown the site to be non-commercial, said it is now in discussions to appoint a new managing director of its operations in Greece.

The board also announced today that it has undertaken to split the role of chairman and chief executive officer currently held by Frank Timis. Timis will step down as chief executive officer and retain the position of executive chairman.

The group also said that non-executive director Professor Christopher Green has agreed to become executive director responsible for exploration and fellow non-executive Dr Rex Gaisford has agreed to become executive director responsible for production.

Both appointments are effective immediately.

The board said the new managing director in Greece will assess the production operations at Kavala and report to the board in due course.

In addition, the new executive directors will oversee the evaluation of existing data for the Prinos Basin as a whole, including the Greater Kallirachi area. This process is expected to take six to nine months and only once that process has been completed will any decisions be taken with regard to further exploration drilling in the Greater Kallirachi and Prinos Basin areas.

Overall, the board said it believes that the quality of the company's assets, all of which are located in proven hydrocarbon regions, will underpin future growth.

The company said it is committed to increasing production and cash flow in order to finance an increasing proportion of its exploration costs from self generated cash.

newsdesk@afxnews.com

gavdfc - 19 May 2005 11:47 - 77 of 448

You're welcome Andy. Not got any position in RPT and never have. May take a look at it once things settle down a lot. Citywire put an article out this morning, subs only so can't read but may be of interest to those who can access it.

http://www.citywire.co.uk/News/NewsArticle.aspx?VersionID=74394&MenuKey=News.Home

mbugger - 23 May 2005 19:48 - 78 of 448

RPT was over 5 pound sterling in March 2005 200 per cent hyped up with no real exploratory drilling data to speak of ,what a fall and more to go

Big Al - 23 May 2005 21:18 - 79 of 448

Hi!

Been looking around the recent RPT news, on which so much appears to have depended. Looks like another PCI job - small cap oil co. getting hammered on bad news. So much for that.

Unfortunately, and similarly to PCI, they've badly handled both the hype and the release of info. It seems also that they are now following the "age-old" strategy of replacing the CEO with "names".

I'm afraid I've better places for my long term money!

seawallwalker - 23 May 2005 22:54 - 80 of 448

Well said Big Al.

I think this one is destined for the dustbin.

If it don't, it should have gone there.

gavdfc - 23 May 2005 22:59 - 81 of 448

Hello Al!

PCI, hmmmm, moving on swiftly! ;-)

Found this on Rigzone:

"As many as six oil exploration companies are poised to join the Alternative Investment Market, despite the shockwaves sent through the sector last week by Regal Petroleum's devastating drilling news.

A corporate financier working on one of the flotations said: "It's not exactly a great time to be trying to raise money for an oil company, but it's a bit too early to tell just how much damage Regal has done to the sector. The Regal issues are very particular to Regal and hopefully we will be able to get that message across."

Some of the new names mentioned in the piece, Wham Energy? Hmmm, would that be run by Andrew Ridgely and here's another one, Borders & Southern Petroleum. Lot of oil in the south of Scotland then?? ;-)

"Regal Petroleum saw its shares dive 60 per cent last week after revealing that a much-hyped well off the east coast of Greece was not commercially viable. The move came just three weeks after the firm raised GBP 44.8m in a share placing."

Now there's an understatement if ever I heard one. From supposedly having 1bnbbl OIP to test results of ..... 30bopd.

Good program on BBC1 just now, showed the Archie Gemmell goal against Holland. Thinking back to 1978, we were on the march with Ally's army! Just like RPT were going to extract 1bn in Greece!

http://www.rigzone.com/news/article.asp?a_id=22695

seawallwalker - 24 May 2005 07:59 - 82 of 448

Borders & Southern Petroleum BOR list today.

GBP went wild for about 2 hours when it listed and has been sinking ever since.

One to watch if there's not much happening.

Andy - 24 May 2005 10:32 - 83 of 448

The blood letting continues;

----------------------------

UK smallcap opening - Regal Petroleum down as director Green goes
AFX

LONDON (AFX) - Regal Petroleum - hard-hit of late on the back of disappointing Greek well results - retreated 9-1/2 pence more to 75 following news that Professor Christopher Green is to stand down from the board.

Green feels that he is unable to dedicate the time required of an executive member of the board.

fjb/vjt/

mickeyskint - 24 May 2005 17:48 - 84 of 448

More like he couldn't work with drug dealer Timis. Commiserations to anyone carring losses, hope you recover.

MS

seawallwalker - 24 May 2005 20:23 - 85 of 448

Changed my mind.

Not a helpful post probably.

ssanebs - 25 May 2005 09:08 - 86 of 448

have we found a floor for the price

Andy - 25 May 2005 17:51 - 87 of 448

ssanebs,

2 day charts suggest we MAY have.

Chart.aspx?Provider=EODIntra&Code=RPT&Si

mickeyskint - 25 May 2005 17:56 - 88 of 448

EK (Simon Caukwell) has closed his short and has bought 50,000 shares. I thought this snippit might give some of you some comfort.

MS

bulldozer - 29 May 2005 14:49 - 89 of 448

Regal mulls sale of Ukrainian assets to mollify investors
By Sylvia Pfeifer (Filed: 29/05/2005)

Regal Petroleum, the beleaguered oil and gas company, is understood to be considering a sale of its Ukrainian assets and returning part of the proceeds to shareholders.

A sale could mollify angry investors who have suffered heavy losses. Eleven days ago the shares dived by 60 per cent to 100p after Regal was forced to admit that its main prospect in Greece had failed to yield commercial quantities of oil. The admission came just three weeks after Regal raised 45m in a placing at 390p a share.

Frank Timis, who founded Regal, has already quit as chief executive. He remains as executive chairman.

Some analysts estimate that selling the Ukrainian assets could raise more than 100m. It is understood that a sale is being discussed with shareholders although not all are believed to be in favour of such a plan.

A final decision will depend on the results of an audit of the Ukrainian reserves being carried out by Ryder Scott, the respected industry consultants. The results are likely to be announced on Tuesday alongside Regal's full-year figures. The company is expected to announce a loss for the full year of over 5m.

Andy - 29 May 2005 18:15 - 90 of 448

bulldozer,

very interesting, I wonder if JKX would be interested?

aldwickk - 29 May 2005 22:56 - 91 of 448

Just what i have been thinking, anyway the price RPT gets for they Ukrainian assets , may give JKX's assets a re rating..

Bruce Springsteen - 30 May 2005 12:16 - 92 of 448

The results and statement tomorrow should clear up matters a lot more.

On the one hand, there is talk that this company is a scam, run by a drug crazed conman, designed to fleece investors of millions of pounds on a company which owns a few hectares of mud, some dry, and some full of seawater.

On the other hand, the reaction to one rig drilling in the wrong place has enabled investors a chance to pick up shares in a company which are so absurdly cheap, its akin to buying the FTSE at 1000 now.

As always, I suspect that the truth lies somewhere in the middle, and that Regal is nowhere near as asset rich as the bulls portend, and nowhere near as poor as the shorters and Prufock's of this world allege.

On that basis, buying at around 1 gives more upside than downside imo.

Bruce

Bruce Springsteen - 31 May 2005 07:20 - 93 of 448

2 points about the results strike me.

Firstly, cash balances are higher than expected; secondly, many expected their Greek assets to be zero; this is not the case.

It is unusual to see such a large proportion of their losses made up by hedging at $30/barrel.

I believe this set of results is enough to calm the market, if not to see dramatic gains, and the real news will be in the independent assessors different reports of their assets in Ukraine, Greece, Egypt and Romania, all of which are due out anytime between now and the end of the summer.

Bruce Springsteen - 31 May 2005 08:44 - 94 of 448

Not an ideal start, but its moving very quickly on small volume, implying that the mm's are flat, and are as clueless as the rest of us as to what the next large move might be.

Once the institutions have disected the numbers and comments, and been to the analyst presentation at 11am, we may be slightly the wiser.

mbugger - 31 May 2005 19:40 - 95 of 448

NOT at the bottom yet,massive fall from over 5 pound in March 2005,RPT what next, any views.

seawallwalker - 31 May 2005 23:01 - 96 of 448

Dont bother with it.

Andy - 05 Jun 2005 20:06 - 97 of 448

More information is emerging regarding the activities if frank Timis.

http://www.timesonline.co.uk/newspaper/0,,2769-1641179,00.html

seawallwalker - 05 Jun 2005 23:08 - 98 of 448

My rec is still don't bother with it.

Bottom fishing sometimes looses your nets.

Andy - 06 Jun 2005 15:27 - 99 of 448

SWW,

I agree, one to avoid at the moment IMHO.

Once the dust has settled, there MAY be some value here, but I think they will sell their Ukranian assets (maybe to JKX?) and I'm happy to wait until then.

seawallwalker - 07 Jun 2005 13:37 - 100 of 448

Timis has resigned.

I hope the board gave his arse a good kicking oin the way out.

seawallwalker - 07 Jun 2005 13:37 - 101 of 448

Regal Petroleum PLC
07 June 2005

Immediate Release 7 June 2005

REGAL PETROLEUM PLC
('the Company' or 'Regal')

Directorate Change

The Company announces that Mr V F Timis has resigned as Chairman and as a
Director of the Company with immediate effect in order to devote more time to
other business interests. The Board of Directors of the Company expresses its
appreciation to Mr Timis for his valued contributions to Regal since founding
the business in November 1996.

The Company is actively looking to appoint a new Chairman.

jimmy b - 07 Jun 2005 13:51 - 102 of 448

I like that line........The Board of Directors of the Company expresses its
appreciation to Mr Timis for his valued contributions to Regal since founding
the business in November 1996.....Classic!!

Andy - 08 Jun 2005 21:54 - 103 of 448

jimmyb,

Well he did the company onto AIM, and raise cash, at a very difficult time for companies to do so, so let's not wash over his achievements altogether.

Was the dry well his fault? Who knows?

What will be of more concern is when RPT knew about the problems with the well, ie before or after the recent 3.90 placing!

Regal is a shell of what it was two months ago, and may well sell it's Ukranian assets to gain some capital, but the ship is still afloat, and a new gas strike in Romania offers some hope for the future.

I haven't held for some time, but once the dust has settled, there MAY be an opportunity here, we shall see.

squidd - 09 Jun 2005 06:05 - 104 of 448

Definately one for the 'bottom fishers' recovery watchlist now.
Roll on St Leger day.
sd.

Andy - 11 Jun 2005 12:05 - 105 of 448

squidd,

Just when you thought it couldn't get any worse!
--------------------------------------------------------------------

New blow as Regal director walks out
Robert Lea, Evening Standard
10 June 2005

THE future of Regal Petroleum was looking increasingly bleak today after another boardroom convulsion saw the naming of a 65-year-old veteran as its new chief executive

But the appointment of Rex Gaisford, who joined the company as a part-time director less than six weeks ago and who has a full-time job elsewhere, has opened up gaping wounds at the company and prompted the resignation of its senior non-executive in protest.

Shares in the group - worth more than 500p each in March - plunged a further 7p today to close at a new low of 57p, which is below the 2002 float price.

Bill Humphries, the non-exec who this week engineered the departure of Regal founder Frank Timis, walked out last night amid recriminations that the company's credibility has been shattered. Humphries, the last of the board members who floated the company, refused to comment.

But friends of his said he is leaving with his head held high. 'Bill told his fellow directors that the company was being irretrievably damaged,' said one.

'He told them he could only stay if certain conditions were met, including a full independent review of the company to find out how the money was being spent and to find out first and foremost where they stood. That unfortunately met with resistance from the executives and, with a heavy heart, Bill has left.'

A Regal spokesman said: 'Bill Humphries wanted to become executive chairman but there was a conflict of styles.' Gaisford and finance director Roger Phillips are trying to recruit a chairman, a production director to oversee Regal's wells in the Ukraine and off Greece and an exploration chief to oversee assets in Romania and Egypt. The company also needs to find other non-executives to go alongside the only one remaining, Lord St John of Bletso.

Gaisford, who is currently executive chairman of his own online recruitment firm RCM, joined Regal as a non-executive on 1 May. He had been promoted to production director within three weeks. Former Shell geophysicist Christopher Green quit last month after just five days as Regal's exploration director.

seawallwalker - 11 Jun 2005 12:18 - 106 of 448

I'll do it.

They only had to ask.

I have no qualifications and little knowledge.

I'll phone them first thing Monday.

squidd - 13 Jun 2005 04:23 - 107 of 448

Andy: As a casualty of the great Redstone disaster, now in its 5th year of downhill plunge, I have seen the pit. Elsewhere on this BB it has been said that that bad news comes in 3 dollops and we may have had only one helping so far from RPT. I will be loooking in again in September.
sd.

Andy - 16 Jun 2005 08:46 - 108 of 448

Oil veterans called in to rescue Regal
By Christopher Hope (Filed: 16/06/2005)

A "Dads' Army" team of former Amerada Hess executives is now reigning at Regal Petroleum, the troubled oil company, after two fresh appointments yesterday.

Aim-listed Regal is in crisis after a series of boardroom resignations, including its chief Frank Timis, were prompted by the news that a key well in its Greek field was "non-commercial".

Sir Peter Heap, 70, was yesterday appointed as interim non-executive chairman, while Richard Hardman, 69, becomes exploration director. Sir Peter worked as a consultant to Amerada for 10 years, while Mr Hardman worked there for 18 years.

They join new chief executive Rex Gaisford, 65, former head of production at Amerada for 12 years, and finance director Roger Phillips, 49, a former financial controller at Amerada for 19 years.

Only Lord St John of Bletso, 48, a non-executive director, has never worked for Amerada.

One industry analyst said: "It's like Dad's Army - but they are very experienced and they have worked for Amerada for 50 years between them." Regal's shares, which have lost more than 80pc of their value in recent weeks, closed up 7 at 67p.

Mr Gaisford was appointed last week to replace Mr Timis who gave into boardroom pressure and quit on June 7.

It emerged yesterday Mr Timis has not cut all his links with Regal. A spokesman said: "His only involvement will be as a shareholder and he will come up with oil and gas opportunities which will be judged by the board."

Andy - 17 Jun 2005 00:45 - 109 of 448

The above news seesm to have been viewed as positive by the market, and RGT are oversold IMO.

mbugger - 17 Jun 2005 19:44 - 110 of 448

Dads Army working well all ready, up from low of 57 pence to95[offer],got in at 79 2days late,good start.

gavdfc - 17 Jun 2005 19:51 - 111 of 448

Andy,

Agree with the above being viewed as positive by the market, RPT has done well since the news came out. I wouldnt have thought the ex Amerada guys would have took on this unless they were confident of being able to turn RPT around. However, I still have some doubts myself. What if all the bad news isnt all out in the open yet and will the institutions that Evo brought on board simply sell off into any strength? As such, I didnt take a position but am watching this one from the sidelines.

Andy - 17 Jun 2005 21:05 - 112 of 448

Gav,

Some good points, and I agree, there is possibly some bad news still to come, although if there is, I would have thought we will hear soon, as I would imagine they would want to clear the decks as quickly as possible.

I wonder wheter they will ask the institutions to stay onside for a while to give them a chance to turn it around?

I too am on the sidelines, but regret being out most of the day, as a S/B would have been tempting.

gavdfc - 17 Jun 2005 21:43 - 113 of 448

Andy,

Got to say, and Im sure you will agree that these guys coming into RPT have got a wealth of experience which is a big bull point for me. You wouldnt get to where these guys have got with other companies without being succesful.

You make a good point about clearing the decks as soon as possible, which is what I hope they do and is why I am watching from the sidelines. It will be interesting to watch how the insts play this over the coming months, it seems from the RNS's over the last few days that Merrills and Fidelity have reduced slightly.

What Im sort of thinking here is that it might be best to wait a while and see what unfolds rather than diving in. However, those who were brave enough have been rewarded for taking the chance. Think Id rather miss any initial surge to let the dust settle before taking a position, if I do. But yes a S/B over the last few days would have been a nice end to the week, but at least oils hitting new highs, $58.47.

seawallwalker - 17 Jun 2005 23:07 - 114 of 448

It's all very well, but we need to bear in mind that this Company has little credibilty.

I will not buy however tempting it may seem just in case.............

Good luck to those that do, but I would say there are better investments out there.

There is also some money to be made here if you are brave.

Andy - 18 Jun 2005 00:03 - 115 of 448

SWW,

Well I agree with you that the previous directors have little credibility, but the incoming guys have masses of experience, and (IMHO) credibility, hence their arrival.

Clearly the name Regal Petroleum is tainted for now, but surely they themselves deserve a chance to prove themselves?

Maybe a change of name is in order, to clear out the traces of the old company?

seawallwalker - 19 Jun 2005 22:32 - 116 of 448

Investors have been shocked by the disclosure that REGAL PETROLEUM blew 30 mln usd in Greece attempting - and failing - to increase the production of an old oilfield - Sunday Times

Says it all really.

seawallwalker - 20 Jun 2005 14:52 - 117 of 448

http://www.uk-wire.com/cgi-bin/articles/200506201002457647N.html

The Board of Directors ('Board') of Regal Petroleum plc ('Regal' or the
'Company') announces that, on Friday 17 June 2005, the Company was notified by
solicitors acting for Peak Resources Limited of Hong Kong ('Peak Resources') of
the existence of a call option agreement dated 4 May 2005 (the 'Agreement')
purported to be made between the Company and Peak Resources.

It appears that this Agreement was signed on behalf of the Company by Vasile
Frank Timis who was, at that time, a Director of the Company. Mr Timis ceased
to be a Director of the Company on 7 June 2005.

SP holding and or rising on this news.

Dont think I understand what is happening here, I would have expected it to drop rapidly.

akel44 - 20 Jun 2005 15:24 - 118 of 448

Regal Petroleum has admitted that it spent more than $60m on its ill-fated drilling programme in Greece last year, a figure that analysts believe was significantly more than the work should have cost, the FT reports.

petralva - 20 Jun 2005 15:29 - 119 of 448

perhaps timis has siphoned of some

Andy - 11 Jul 2005 00:00 - 120 of 448

Troedsson heads for London make-or-break Regal talks
By Sylvia Pfeifer (Filed: 10/07/2005)

The mysterious Swedish investor behind Peak Resources, the company which has the right to buy the best assets of Regal Petroleum, will fly to London this week for crunch talks with the oil and gas company's management.

Hans Troedsson is expected to meet with Rex Gaisford, the new chief executive of Regal, to try and reach an agreement about the status of the company's Ukrainian assets.

Frank Timis, Regal's controversial founder and major shareholder, signed a call option that would allow Peak to buy the assets, the only profitable part of Regal's business, at a knockdown price of $1.50 a barrel or $290m (167m) on current reserves estimates.

Timis, however, had failed to inform Regal's board of the deal. The agreement was signed on May 4, just days after Regal completed a rights issue and a month before it announced its main drilling prospect in Greece was non-commercial. The news, which sent shares in Regal plummeting, led to Timis's departure.

The Sunday Telegraph has also learnt that Peak approached Regal earlier this year about buying a stake in the company but the talks foundered.

ateeq180 - 11 Jul 2005 20:48 - 121 of 448

WHERE IS THIS HEADING THAN,LOTS OF SELLING AT THE END,HOPING FOR SOME GOOD NEWS.

Andy - 12 Jul 2005 00:41 - 122 of 448

ateeq180,

Volume is tailing off, so may retrace a bit, but Regal is very news driven at the moment, so any good news would see the rise continue IMO.

crucial talks this week regarding the Ukranian assets that F. Timis has supposedly sold without board permission! I can't see how it's legal, but as they are negotiating, I guess it must be!

ateeq180 - 31 Jul 2005 20:15 - 123 of 448

GOOD RISE FOR THE PAST FEW DAYS,AND NOTHING FROM ANY ONE AS TO WHICH DIRECTION THIS IS HEADING.

ateeq180 - 22 Aug 2005 12:15 - 124 of 448

NO ONE INTERESTED IN THIS,AS MY EARLIER POST THIS ONE TO ME LOOKS LIKE HEADING BACK TO A REASONABLE LEVELS AFTER A SHARP DECLINE IN THE PAST TWO MONTHS.ANY VIEWS.

jimmy b - 22 Aug 2005 17:38 - 125 of 448

I'm in this ateeq180 ,and have been for the last couple of months ,,it's a bumpy ride, but has been going up nicely ,there is news coming in the next few days so i'm happy to hold for now..

mbugger - 22 Aug 2005 18:00 - 126 of 448

Dads Army will work to make RPT climb back to previous high levels, in at 79 pence,d/army doing a great job so far.

Andy - 05 Sep 2005 22:44 - 127 of 448

Well just as Regal appeared to heading back from the brink, we have further trouble!
-----------------------------------

Striking workers seize Regal oil field
By Roland Gribben (Filed: 03/09/2005)

Regal Petroleum has appealed to the Greek Government for help after striking workers seized control of its tiny oil field north of Thessalonica.

The struggling Aim-listed oil explorer said yesterday it had issued instructions to halt operations but the 230 workers, in dispute over a cost cutting package, have ignored the order and are preventing managers from entering the field.

Rex Gaisford, chief executive, said: "We are concerned about the safety of the operations and the Greek Government is supporting us but it is difficult when we can't get access to the plant."

The latest drama in what has developed into a Greek tragedy means Regal has had to mothball plans to raise production and make the operation profitable and yesterday told the market it will fail to meet output and financial forecasts.

Regal has lurched from crisis to crisis since its shares, listed at 60p three years ago, peaked at 509p in March. In May the shares went into free fall, plummeting to 73p after the company cut Greek oil reserves by 70pc to 24m barrels and Frank Timis, chairman, chief executive and founder, was ousted after secretly negotiating a deal to sell the company's Ukrainian assets.

The shares, after staging a mini-recovery last month, dropped another 32p to 174p yesterday as the attempts by a new management team, headed by Mr Gaisford, an Amerada Hess veteran, to overhaul the troublesome Greek operations ground to a halt.

Regal's plans to halve the workforce and reform working practices unchanged since the 1970s formed part of a plan to more than double production from an unprofitable 1,600 barrels a day to 3,500 by the end of the year.

"The current working practices are like walking through a living museum," said Mr Gaisford.

Last year Regal spent $60m (33m) trying to boost reserves and is holding out to Greek ministers the prospect of investing another $160m-$170m in the Kavala Oil complex and other potential onshore and offshore exploration opportunities if it gets agreement to work reforms.

The Greek government, which owns the installations, has a business as well as political stake in the outcome.

Mr Gaisford says: "I am hopeful that there will be continuing value in the operations for Regal and its shareholders as well as the Greek nation."

The company hopes to complete a review of Greek and Ukraine oil and gas reserves by the end of the month. It is negotiating a revised package for the sale of the Ukrainian assets to Hong Kong-based Peak Resources after rejecting an initial $300m offer made to Mr Timis.

Andy - 15 Sep 2005 07:38 - 128 of 448

Regal Petroleum PLC
15 September 2005

Immediate Release 15 September 2005

REGAL PETROLEUM PLC
('the Company')

Ukrainian Update

The Board of Regal, having noted the recent movement of its ordinary share
price, is aware that there is continuing speculation in the market regarding
court proceedings relating to the former joint venture in the Ukraine between
Regal and Chernihivnaftogasgeology.

The Board is now able to confirm that the appeal referred to in Regal's
'Ukrainian Update' announcement dated 9 September 2005, will be the subject of
an appeal court hearing on Thursday, 22 September 2005.

A further announcement will be made once the appeal court ruling has been
delivered.

For further information, please contact:

Regal Tel: 020 7408 9500
Roger Phillips, Finance Director

Buchanan Communications Tel: 020 7466 5000
Bobby Morse

This information is provided by RNS
The company news service from the London Stock Exchange

jimmy b - 15 Sep 2005 07:43 - 129 of 448

Until then the price looks very unstable, thankfully i got out above 2 , but would have another go depdnding on news.

mbugger - 22 Sep 2005 21:23 - 130 of 448

Dads army new board falling down on the job,time to get out for now

jimmy b - 22 Sep 2005 21:31 - 131 of 448

I'm back in ,they look undervalued at this price, time will tell ..
Risky play though.

ateeq180 - 25 Sep 2005 20:53 - 132 of 448

interims are on the 28th,any views as to which way this can go,at the moment its any bodys guess but there was a big surge upwards just b4 the close after a very down day for regal.

moneyman - 28 Sep 2005 23:38 - 133 of 448

LOSSES LOSSES AND MORE LOSSES APART FROM THE BAD NEWS !

mbugger - 29 Sep 2005 17:17 - 134 of 448

More bad news, may test previous low59p, any views.

stewart3250 - 29 Sep 2005 20:32 - 135 of 448

I nearly bought in @ 60p last time and I should have, of course it would have depended when I got out probably @ 180p.

This time well it looks buggered but if it hits sub 25p I might have a punt, what kept me out last time was I felt like I could not trust anything anyone said and what deals have gone on behind closed doors god knows, probably more yet to come out of the woodwork

jimmy b - 29 Sep 2005 21:22 - 136 of 448

I have to be honest and say i got roasted this time ,although a previous gain i made, may have me just on a loss overall ,you can't win them all.
Without the Ukraine ,what have they got ?? this really smacks of something rotten ,and yes they may have further to fall. Not a good day at the office !..

solid - 06 Oct 2005 19:27 - 137 of 448

considering the amout of shares bought by big firms recently, who knows what is going on ,

Obe2konobi - 28 Oct 2005 08:22 - 138 of 448

Hey. I see this BB is active !!!!
Anybody got any views on this at the present. Finding the bottom on this oil slick isn`t easy to predict ! Obe

mbugger - 14 Nov 2005 18:20 - 139 of 448

Big drop again,previous low was 57 p.

nkirkup - 07 Dec 2005 13:20 - 140 of 448

Capital group going to make a bid?

ateeq180 - 07 Dec 2005 18:10 - 141 of 448

Wonderful news for regal as the court case is dismissed in favour of regal,if that is correct what i am reading as the news was at 17.56pm.any one please look at it and give there views about this news.

canary9 - 31 Jan 2006 12:04 - 142 of 448

Regal Petroleum PLC
31 January 2006

Immediate Release 31 January 2006

REGAL PETROLEUM PLC
('Regal' or 'the Company')

Ukrainian Update

Further to the announcement dated 11 November 2005 regarding the legal challenge
brought by Chernihivnaftogasgeologia ('CNGG') against the Ministry of
Environmental Protection ('MEP') with respect to the validity of Regal's
production licences in the Ukraine, Regal has appealed such ruling to the Kiev
Court of Appeal but such appeal has been unsuccessful.

CNGG brought the legal action against its own parent organisation, the MEP,
claiming that the correct procedures were not followed in the awarding of two
production licences to Regal in July 2004.

On 11 November 2005, at the initial hearing of such action, the Kiev City
Commercial Court upheld CNGG's claim.

Regal lodged an appeal to the Kiev Court of Appeal contesting the earlier
ruling. The result of this appeal was delivered earlier today when the Court
dismissed Regal's appeal.

Regal is awaiting written details of such decision but has already launched a
further appeal to the Supreme Administrative Court of Ukraine to establish the
legality of its licences. The Company continues to be advised by its legal
counsel in Ukraine that the Company was awarded its licences in accordance with
applicable rules, standards and legislation of Ukraine.

For further information, please contact:

Regal Tel: 020 7408 9500
Roger Phillips, Finance Director

Buchanan Communications Tel: 020 7466 5000
Bobby Morse

This information is provided by RNS
The company news service from the London Stock Exchange

rc - 31 Jan 2006 12:34 - 143 of 448

what does the future hold for Regal? anyone care to comment!

Andy - 31 Jan 2006 12:55 - 144 of 448

rc,

Sadly, this looks pretty dire now!

If you hold, check the intraday as there is normally a savage knee jerk reaction, followed by a brief rally.

At this price, it may be better to wait for an annoncement from the company before making a hasty decision.

I sold before the previous disappointment thank goodness.

rc - 31 Jan 2006 13:12 - 145 of 448

andy,
thanks for that.

potatohead - 31 Jan 2006 15:50 - 146 of 448

go for MRP lads, look at the email I got... loads more good news to come

see MRP BB

Andy - 31 Jan 2006 16:11 - 147 of 448

rc,

There you go, back upwards again now.

driver - 31 Jan 2006 16:27 - 148 of 448

Loads of action on this today looks like a case of falling knives.

mbugger - 31 Jan 2006 17:35 - 149 of 448

Got out at 1.20 afew monthes back,sorry for ex . s/holders,36 is a new low,any grounds for piling in now,whats left,any views.

jimmy b - 31 Jan 2006 17:42 - 150 of 448

I won and lost on this last year, its too dodgy ,why buy this when there is so much else to go for , anything could happen here ,could be up 50% this week or down to the depths who knows ,wouldn't touch it with a Bargepole ...

DIRAJ - 03 Feb 2006 14:43 - 151 of 448

does any one know why there is lot of buying today

Andy - 04 Feb 2006 10:49 - 152 of 448

This just gets worse and worse!

I guess at this price Regal is now a speculation on whether they will ultimately prevail in the Ukranian legal system or not.

-------------------------------------------

Regal Petroleum loses appeal against CNGG over Ukraine production licences

LONDON (AFX) - Regal Petroleum PLC says the Kiev Court of Appeal has
rejected its appeal against a lower court ruling upholding a complaint by
Chernihivnaftogasgeologia (CNGG) against the Ministry of Environmental
Protection relating to the validity of Regal's production licences in Ukraine.
In a statement, Regal said it is awaiting written details of the decision
but has already launched a further appeal to the Supreme Administrative Court of
Ukraine.
The company continues to be advised by its legal counsel in Ukraine that the
licences were awarded in accordance with applicable rules, standards and
legislation of Ukraine.
CNGG brought the legal action against its own parent organisation, the MEP,
claiming that the correct procedures were not followed in the awarding of two
production licences to Regal in July 2004.
newsdesk@afxnews.com
ra

COPYRIGHT

Copyright AFX News Limited 2005. All rights reserved.
The copying, republication or redistribution of AFX News Content,inculding by
framing or similar means, is expressly prohibited without the prior written
consent of AFX News.

AFX News and AFX Financial News Logo are registered trademarks of AFX News
Limited

SueHelen - 04 Feb 2006 13:22 - 153 of 448

Now at 35 pence...Andy was ramping at 500 pence...ouch.

Andy - 04 Feb 2006 13:23 - 154 of 448

sue,

Please show me the posts you are referring to!

Bet you can't!

This looks more like one of your stocks after the ramp phase is over!

SueHelen - 04 Feb 2006 13:26 - 155 of 448

Andy Ramper...idiot was ramping this piece of crap at 500 pence.....

Andy - 04 Feb 2006 13:41 - 156 of 448

Sue,

so you can't produce ANY posts to back that up then?

Thought not!

SueHelen - 04 Feb 2006 13:52 - 157 of 448

I honestly think Regal may be worth watching, and once they begin to export gas, with the 50% higher price, they could well be worthy of consideration.

In particular, I like the fact that they sell cash on delivery within the Ukraine, so no bad debt problems!

Regal are also debt free, with a decent balance in the bank.

----------------------------------------------------------------------------------

Where the hell is the gas....there was no gas right from the start Andy...guillible fool.

Andy - 04 Feb 2006 14:04 - 158 of 448

Sue,

Where is the ramp in that post then?

Come on, find a "ramp"!

Andy - 04 Feb 2006 14:08 - 159 of 448

Sue Helen,

This RNS issued by the LSE contradicts your "there was no gas" statement!

Or are you callinhg the LSE "gullible"?

Regal Petroleum PLC
11 May 2004

For Immediate Release Tuesday 11th May 2004

Regal Petroleum plc ('Regal')
Ukraine Operations

The Directors of Regal are pleased to announce, that following the successful
connection of the recently completed MEX102 well, production of gas and
condensate has increased from 244,000m3 to in excess of 830,000m3 of gas
equivalent per day.

In addition, the Directors are pleased to announce the appointment of Dr Luis F
Quintero as the Managing Director of Ukraine Operations, effective as of 18
April 2004.

The drilling of production well MEX102 was completed in mid March 2004 and
connected to the gas plant on 26 April 2004, following the installation of
infrastructure and testing. The flow from MEX102 has greatly exceeded
expectations having tested to 143,000m3/day gas and 232m3/day condensate on 9mm
choke. MEX102 was originally expected to have a daily production of circa
175,000m3 gas and 25m3 of condensate per day.

Regal now has four wells connected to the new gas plant: MEX3 and GOL1 (both
work-over wells), together with GOL2 (a former exploration well completed by
Regal as a production well) and MEX102 (a new well drilled by Regal). A further
work-over well SV10 has been completed and awaits connection to the plant.

Daily production from the field has increased substantially from an average of
244,000m3 gas equivalent to an average of 830,000m3 gas equivalent.

The separation and heating system of the treatment plant is currently working to
maximum capacity due to the unexpectedly high condensate flow from MEX102.
Modifications to the separation and heating systems and storage facilities in
order to increase the capacity of the plant have commenced so as to enable full
processing for production from all wells including SV10. Management are
confident that these modifications will be completed in approximately two months
and will result in a substantial increase in production.

The new Managing Director of Ukraine Operations, Dr Quintero, previously worked
for Petroleos de Venezuela (PDVSA) and Schlumberger in more than 18 countries
since 1984, covering a wide spectrum of the oil and gas industry. Dr Quintero
started his career in the fields of India as a wireline engineer, and went on to
positions in petrophysics, reservoir engineering, production engineering, field
development planning, project administration, financial analysis, asset
evaluation, business development and production enhancement. Dr Quintero worked
in the former Soviet Union, Eastern Europe, and the Middle East, and is very
familiar with the technology and operating practices in these areas. He was
Society of Petrophysicists and Well Log Analysts (SPWLA) regional director for
Europe, and has been a member of its technology committee for the past five
years. He is also the former production enhancement director for Pertamina. Dr
Quintero obtained a bachelor's degree from Universidad Simon Bolivar in
Venezuela, and a MSc and Phd in Petroleum Engineering from Louisiana State
University, in the USA.

Commenting of the Ukraine, Frank Timis, Chairman of Regal, said:

'Production in the Ukraine has reached a volume which is sufficient for
commencing exports. With our own gas plant approaching its full capacity and the
modifications to the gas plant underway, to enable substantially higher
production from our five wells, together with access to international markets
through our export pipeline, Regal looks forward to generating strong cashflow
from its Ukraine operations.

We are also delighted to welcome Dr Quintero to Regal's operational management
team whose expertise and credentials with large companies in the former Soviet
Union and Eastern Europe will contribute greatly to further progress in the
Ukraine.'

For further information, please contact:

Regal Tel: 020 7647 6622
Frank Timis, Executive Chairman

Buchanan Communications Tel: 020 7466 5000
Bobby Morse / Catherine Miles

This information is provided by RNS
The company news service from the London Stock Exchange

windsorgolf - 20 Feb 2006 21:39 - 160 of 448

these are starting to move.positive RNS today...back up to 1 shortly

Kivver - 22 Feb 2006 08:48 - 161 of 448

whats the chances of them winning this final court battle, theyve won all the other ones!!

Kivver - 22 Feb 2006 10:48 - 162 of 448

back on a roll now, quite good by the reaction.

windsorgolf - 22 Feb 2006 12:24 - 163 of 448

this will increase further today could see 70p

Kivver - 22 Feb 2006 12:44 - 164 of 448

i got in and out at a nice 20% profit today, dont know enough about this compamy but will come back and have a look.

hlyeo98 - 23 Feb 2006 12:54 - 165 of 448

good upstroke today

windsorgolf - 23 Feb 2006 17:52 - 166 of 448

should see a 1 tomo

Andy - 23 Feb 2006 20:41 - 167 of 448

windsrgolf,

I agree, looking good on the chart.

May buy back in tomorrow.

TheMaster - 24 Feb 2006 12:29 - 168 of 448

Moving back up after todays low, with court date news due out this afternoon

Kivver - 24 Feb 2006 13:28 - 169 of 448

good i was going to ask does anybody know when this vital cort case is going to be. look foward to the answer.

Andy - 16 Apr 2006 22:19 - 170 of 448

from Today's Sunday Times!

The Sunday Times April 16, 2006

City probe into Regal Petroleum
AN investigation has started at the London Stock Exchange (LSE) into allegations that Regal Petroleum, the embattled oil company, misled the market over oil discoveries in Greece, writes Louise Armitstead.

The probe was prompted by revelations in The Sunday Times that Regal was told its crucial Greek oil well was dry just weeks before it raised 37m from City investors.

The exchange has primary responsibility for the regulation of the Alternative Investment Market, where Regal has been listed since September 2002. The senior City watchdog, the Financial Services Authority, is also looking into the matter. The LSE declined to comment.

A senior oil consultant who tested the Kallirachi 1 well said he told Regal management in January 2004 that the well was not commercial.

Regal insisted: We stand by the findings in the exploration drilling report on the Kallirachi 1 well. The announcements made at the time were from advice from professionally technically qualified advisers.

But the experts have distanced themselves from Regal.

PW Carnell - 16 Apr 2006 22:55 - 171 of 448

louises possible motives are being discussed at length on the other board-if even some of the scurillous rumours are remotely true then things could get nasty.

cynic - 17 Apr 2006 16:30 - 172 of 448

I thoroughly agree PW, and have posted to that effect on "the other board" ...... All the current evidence, old or not, legislates against any upside for the sp, or at least until the whole matter is aired (in court?) and clarified and/or until the ukrainian courts come down in favour of RPT ...... and that is far from a foregone conclusion.

Tomorrow morning may be an interesting time to make some money on a short tack ...... There looks to be some potential chart support at +/-78 but if sp falls through that, then it could be all the way down to 40

KEAYDIAN - 17 Apr 2006 16:37 - 173 of 448

Handy if you do CFD's or Spread Bet then.

cynic - 07 May 2006 10:05 - 174 of 448

So Mr T loses yet again in Ukrainian courts in a dispute that has been running since 2004 ..... Mr T now says he will go to the Ukrainian Supreme Court, but I bet the lawyers are not paid out of his pocket.

With the demise of mafia boss John Gotti, the soubriquet of The Teflon Don could have passed to Mr T, but is his coating also now getting more than a little worn?

Since strong-arming back control of Regal a month or two ago, has Mr T done anything at all to benefit the shareholders? ..... If he has, he has been very coy in saying so.

soul traders - 08 May 2006 10:00 - 175 of 448

I'm amazed Timis is still on the board - yet the institutions are backing this one big style - 80% of the co is held by insitutions with significant interests.

Is Regal one of those stories that everybody just wants to believe?

Cynic, can I take it you're likely to be shorting this one?

hlyeo98 - 08 May 2006 10:15 - 176 of 448

Dropping 26% to 60p now...looking bad...Mr Timis is a crook!

UK smallcap opening - Regal Petroleum hit by negative ruling in Ukraine
AFX

LONDON (AFX) - Regal Petroleum was the biggest loser, down 24 pence at 57, following news late on Friday that the Supreme Administrative Court of Ukraine has dismissed its appeal against an earlier ruling concerning the validity of the company's production licences in Ukraine, dealers said

A legal action was brought last year by Regal's former joint venture partner CNGG, which claimed that the correct procedures were not followed in the awarding of two production licences in July 2004.

hlyeo98 - 08 May 2006 14:33 - 177 of 448

So much for being Regal...looks like more downside on the way to 30p soon

driver - 08 May 2006 16:03 - 178 of 448

Get into GOO

hlyeo98 - 09 May 2006 17:23 - 179 of 448

More bad news...shutting down gas fields.

Regal Petroleum shuts Ukrainian gas fields after court action - AFX

LONDON (AFX) - Regal Petroleum PLC said it will shut the Mekhediviska-Golotvschinska and Svyrydivske gas and condensate fields in Ukraine after losing in a legal battle with former joint venture partner Chernihivnaftogasgeology (CNGG).

The Supreme Administrative Court of Ukraine on May 5 dismissed Regal's appeal over a case filed by CNGG questioning the award of the production licenses for the fields.

The Kiev City Commercial Court upheld CNGG's claim in November last year.

'Regal is currently awaiting written details of this decision and will then

launch a further appeal to the Supreme Court of Ukraine,' said the company in a statement.

'In the meantime, as a result of the decision of the Supreme Administrative Court of Ukraine, Regal has shut down production operations at its GOL/MEX and SV fields in Ukraine,' it added.

Regal said plans for the fields will depend on the outcome of the appeal.

Further, a final appeal lodged by CNGG on a legal action favouring Regal was dismissed by the Supreme Court.

CNGG was appealing a court decision awarding Regal the assets of a dissolved joint venture with CNGG.

The assets consisted of six wells, a gas processing facility with a capacity of 1 mln cubic metres per day, and a 13.2-kilometre pipeline connecting the gas plant to the main Kursk-Kiev export trunk pipeline.

The court ordered that compensation be given to CNGG for its share of the joint venture assets.

soul traders - 09 May 2006 19:05 - 180 of 448

What a shower!!

Can anyone confirm whether RPT is still producing from its remaining Greek interests? At the time of reporting its interims to end of June 2005 (and no, they haven't found the time to issue any results since!) they were producing 1,900 bbl/day from their Greek wells, but that was back in September and production seemed to be in decline.

They are also supposed to be drilling in Egypt (should have started in Q1 2006) and to have a 25% interest in a JV in Liberia.

The website is, as one might imagine, more like a bombsite at the moment. Does anyone have any info?

cynic - 15 May 2006 11:13 - 181 of 448

Oh dear; such a pity that RPT is belatedly getting the red pencil treatment (now 64.5 mid)! ...... Wish I had been short of a few other stocks too, but this will do as a sop

soul traders - 15 May 2006 11:15 - 182 of 448

Morning Cynic. I'll buy it for 10p :o)

PS nice to see you looking so happy and jovial on the VOG thread -I almost didn't recognise you :o)) LOL

cynic - 15 May 2006 11:35 - 183 of 448

cheeky sod ... you sound like a benign GedW if that means anything to you! ..... Have been a fan of VOG ever since I had my arm twisted to buy same (logically convinced!) a few months back ..... I know I got in late - around 110 I think - but have done exceedingly well from them, having traded several times

soul traders - 15 May 2006 11:58 - 184 of 448

"benign GedW" ?? - enlighten me . . . (LOL anyway :o))

cynic - 15 May 2006 13:15 - 185 of 448

GedW was a prolific poster on LSE ..... On the good side, he was extremely knowledgeable in all sorts of areas and carried out all sorts of very detailed research, albeit only on companies with sp below 1.00 ...... On the downside, he was very acerbic and (unnecessarily) touchy, especially if one had the temerity to question his findings

soul traders - 15 May 2006 14:50 - 186 of 448

I see. You can rest assured that I am very happy for people to question my findings, as I think constructive counter-argument helps me to evaluate my own positions better. I hope you don't mind a little joshing on my part, though. I would never deliberately be insulting, as I think that brings down the tone of the discussion and makes these BB's less enjoyable for everyone (cf the SEY thread recently, where I think one or two comments were a bit out of hand).

To be honest I am finding myself paying more attention to your contributions as time goes on - a healthy dose of criticism helps to clear the head in these gold-rush times.

cynic - 15 May 2006 14:58 - 187 of 448

Of course not! ..... As I told GedW, I am old enough and ugly enough to ignore virtually all abuse ... lol!

As for paying attention to my ramblings, I think I am appalled rather than flattered!!

soul traders - 15 May 2006 15:04 - 188 of 448

LOL - great!!

cynic - 15 May 2006 15:09 - 189 of 448

soul* .... am i going to tempt you to join our london get-together?

soul traders - 15 May 2006 15:10 - 190 of 448

Thanks Cynic, have just posted a string of excuses on the MOG thread.

blanche - 22 Jun 2007 14:23 - 191 of 448

Anybody out there? that was a 5million sell just went through i think.
Anybody any thoughts?

blanche - 22 Jun 2007 16:21 - 192 of 448

Another 1 million just gone through. Something is brewing!

jacoblyons1 - 03 Jul 2007 21:38 - 193 of 448

still rising - any idea why??

blanche - 04 Jul 2007 09:30 - 194 of 448

3.00 buyout rumours.

jacoblyons1 - 04 Jul 2007 16:50 - 195 of 448

Blanche, i haven't seen the rumours, where have you seen them. I have siftet through the web and there's nothing in the past couple of days whereas it has gone up 10% in that period.

blanche - 04 Jul 2007 20:00 - 196 of 448

Jacob, Seen it on another bb about 3 weeks ago. Since then its gone from 1.98 to 2.48. So thought maybe theres something in it. I think it set to go much higher than that anyway. More news to come here. imho. Brought in at 60p so iam in for the long ride back to 5.00. Hope your holding 8-)

blanche - 04 Jul 2007 20:13 - 197 of 448

Just checked trades as ive been out most of the day. Some big baillers there after the bell. See what happens tommorow. Should give a bit more indication.

blanche - 05 Jul 2007 08:30 - 198 of 448

Jacob this should give you more.

Regal in the spotlight

Companies: JKX RPT 04/07/2007

Ukraine-focused JKX Oil & Gas says no comment to suggestions it is looking at Regal Petroleum.

Regal, whose dry well at Kallirachi in Greece knocked its shares from 500p in 2005 to 34.5p last year, has been attracting attention because of its assets in Ukraine, where it is estimated to have the equivalent of 180 million barrels of oil. Analysts say these would make a good fit with JKX.

Regal shares have now recovered to 248.75p, up 10.75p today. The appeal is speculative. Robert Tyerman

jacoblyons1 - 05 Jul 2007 08:40 - 199 of 448

Thanks Blanche - i am holding a lot at 2.00 - where should i hold them till?

blanche - 05 Jul 2007 08:48 - 200 of 448

Jacob, Brokers are saying their worth is anywhere between 3.50 & 5.00 currently.
Me personally, Iam looking at that bottom end as my target.
The fact that jkx say (no comment)!!!!!! pretty much tells the story.

jacoblyons1 - 05 Jul 2007 12:52 - 201 of 448

What sort of time frame do you expect - mandating Tristone (a respectable firm) to run the sales process (Ukraine) presumably means that this process is ongoing but surely there is only a certain amount of time and DD required. Having said that, since the process started, the price of oil has probably helped the case as far as bidders are concerned.

blanche - 14 Aug 2007 15:17 - 202 of 448

Heard ther might be new buyout rumours again. Anybody know anything.

sivad - 14 Aug 2007 15:47 - 203 of 448

Appears to be Shell being touted round the city desks

blanche - 14 Aug 2007 15:53 - 204 of 448

Cheers m8

TheMaster - 15 Aug 2007 08:59 - 205 of 448

Shell rumour boosts Regal
By Yee To Wong

Published: August 15 2007 03:00 | Last updated: August 15 2007 03:00

Regal Petroleum closed higher yesterday on talk that Royal Dutch/Shell was looking to buy the exploration group's assets in Ukraine.

Earlier this year, Regal appointed Tristone Capital to explore a divestment of its Mekhediviska-Golotvschinska and Svyrydivske gas and condensate fields in the eastern European country.

The company reported a full-year loss of $109.2m (54.5m) due to legal charges for securing its Ukrainian licences. Regal Petroleum rose 4.6 per cent to 192p .

The Other Kevin - 23 Aug 2007 09:02 - 206 of 448

Summat's up - but I know not what.

The Other Kevin - 24 Aug 2007 11:49 - 207 of 448

FT hazards a guess that Shell may offer 3 per share for the Ukrainian assets.

blanche - 28 Aug 2007 10:22 - 208 of 448

Mail on Sunday
MIDAS: Jelf (buy), Hat Pin (buy) - Regal Petroleum (will this week announce it
has teamed up with a major oil group that will pump up to 300 mln stg into the
AIM-listed company's Ukrainian fields; Royal Dutch Shell understood to be
favourite to take a 50 pct stake in the development)

blanche - 03 Sep 2007 10:58 - 209 of 448

Hello!!!!!! Could the news weve all been waiting for about to be announced?

cynic - 24 Nov 2007 08:55 - 210 of 448

hey blanche, you aren't in this one too are you? .... i do hope not! ...... con man Timmis has managed to mug the poor investors yet again .... i admit i called wrong 2 years ago(!) ago when i reckoned sp was over-valued at 60p, but i dare say that 100 or less could be on the cards once more if what looks like strong support at 140 is now breached

Chart.aspx?Provider=EODIntra&Code=RPT&Si

cynic - 24 Nov 2007 09:01 - 211 of 448

re-reading what i posted above, this is definitely one to watch with a view to shorting ...... if sp recovers then watch for resistance when 25 dma is met at 165 (and falling)

blanche - 24 Nov 2007 18:08 - 212 of 448

Cynic, Been selling this over the last few weeks. So dont hold at all. Walked away with 150% profit. Will buy again but not just yet, this has further to fall.

hlyeo98 - 26 Nov 2007 16:23 - 213 of 448

sp crashing...what's the news?

cynic - 26 Nov 2007 16:28 - 214 of 448

should have shorted this damn thing after all! ..... hummed and haed about it this a.m. but did nothing .... in fact, for half the day sp was actually up

blanche - 26 Nov 2007 16:39 - 215 of 448

Cynic this could quite easily drop below a pound if it does buy!!

cynic - 26 Nov 2007 16:44 - 216 of 448

buying RPT would stick in my gullet ..... that man Timmis is an out and out crook! .... only in my opinion of course!!

ptholden - 26 Nov 2007 16:48 - 217 of 448

With this company's track record I'm surprised anyone would risk a penny by buying their shares, tend to agree with Cynic on this one

blanche - 26 Nov 2007 17:16 - 218 of 448

He is orcestrating this whole thing. they've still got good reserves.and the fact shell were prepared to put the money on the line says it all to me.

ptholden - 26 Nov 2007 17:20 - 219 of 448

best of luck Blanche, although I hope you don't need any luck

cynic - 26 Nov 2007 17:28 - 220 of 448

as you say blanche, the slimeball is orchestrating everything ...... plus ca change etc

share trader - 27 Nov 2007 11:41 - 221 of 448

What on earth is Timis up to?

For media comment, click HERE

hlyeo98 - 18 Sep 2008 12:55 - 222 of 448

This Frank Timis share is so dodgy...96p at the mo.

cynic - 18 Sep 2008 12:58 - 223 of 448

can't believe the city still supports this proven crook

hlyeo98 - 18 Sep 2008 13:02 - 224 of 448

The only way is to let his share like RPT collapse.

cynic - 14 Nov 2008 18:02 - 225 of 448

and i see the lemmings have been mugged yet again by Mr Timis and his band of robbers .... quick spike to 120 in early/mid october and back down again like a stick

Andy - 06 Jan 2009 21:51 - 226 of 448

New article, CLICK HERE

cynic - 06 Jan 2009 22:00 - 227 of 448

roll up, roll up, all mugs who want to get mugged!

Andy - 12 Jan 2009 19:06 - 228 of 448

News!

Click HERE

cynic - 12 Jan 2009 19:09 - 229 of 448

why is RPT like a flock of sheep?
because they both have crooks guiding them!

Andy - 19 Jan 2009 19:45 - 230 of 448

Regal are presenting in London soon!

A must attend for holders IMHO!

To register, click HERE

Proactive Investors One2One Forums

The directors of Kopane Diamond Developments (AIM: KDD) and REGAL PETROLEUM (AIM: RPT) will be presenting:

Thursday the 29th January 2009
Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB

The presentations will start @6:00pm and finish at 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canape and wine reception

cynic - 19 Jan 2009 19:56 - 231 of 448

plenty of info about some spiffing new rig but FA about th3e wondrous new field that is certain to be found ..... this stock for sheep only

mitzy - 22 Jan 2009 20:55 - 232 of 448

I got an invite too but Mayfair is a posh for me is anyone going..?

Chart.aspx?Provider=EODIntra&Code=RPT&Si

nice chart.

cynic - 22 Jan 2009 21:05 - 233 of 448

nice chart? ..... shame about the company! ..... and why should you think mayfair too posh for you? ..... full of all sorts of debatable characters, both male and female and mixtures of both!

mitzy - 22 Jan 2009 22:53 - 234 of 448

Sounds a great place from what you say...the chart is interesting it might a greenshoots type of share.

Andy - 22 Jan 2009 23:09 - 235 of 448

Mitzy,

Yes I'm going, and it's a nice hotel in Mayfair, but the attendees are down to earth and a friendly bunch!

It's actually a good mix of private investors, HNWI's, and city professionals.

If you go it would be good to meet you.

The nearest tube is Green Park and a 5 minute walk, or Bond Street and a 10 minute walk down Davies Street and around Berkeley Square.

mitzy - 23 Jan 2009 09:22 - 236 of 448

Morning Andy

Cant make it I'm afraid but do go and tell us what its like.

cheers.

cynic - 23 Jan 2009 09:32 - 237 of 448

just make sure you enjoy the day and don't get gulled by the spin as i did once (another company) a couple of year back

mitzy - 23 Jan 2009 18:34 - 238 of 448

Good move today its cheap given the cash they hold I would expect 45p next week .

Andy - 24 Jan 2009 09:39 - 239 of 448

mitzy,

shame, anyone else going?

They have now added an ASX listed gold miner to the line up, which is a small producer due for a large ramp up in the next three years, so will be one to watch for those that trade non UK listed stocks.

mitzy - 25 Jan 2009 08:39 - 240 of 448

In yesterdays papers more talk of rumours of a bid @ 75p could be something or nothing.

cynic - 25 Jan 2009 09:50 - 241 of 448

rumours perennially circulate about bids for RPT, the one from Shell (guaranteed!) just a few months ago .... i'll say it yet again ..... Timis pulls the strings and he is a proven charlatan and fraudster, so touch this stock at your peril

mitzy - 26 Jan 2009 10:22 - 242 of 448

Well it wants to go up segun but whether it will reach 45p I'm not totally 100% sure.

cynic - 26 Jan 2009 10:37 - 243 of 448

yet again - AVOID like the plague

Andy - 27 Jan 2009 08:27 - 244 of 448

cynic,

Exactly, there are some shrewd guys at the Proactive events that are not afraid to ask questions!

Andy - 29 Jan 2009 00:31 - 245 of 448

Don't forget the free London presentation tonight!

http://www.proactiveinvestors.co.uk/eventregistration.php

mitzy - 18 Feb 2009 16:34 - 246 of 448

Oils like DGO and DNX and DES in demand today.

cynic - 18 Feb 2009 16:35 - 247 of 448

that as may be but stay away from this bunch of crooks

mitzy - 18 Feb 2009 16:44 - 248 of 448

Its too late cynic I'm already in.

cynic - 18 Feb 2009 16:56 - 249 of 448

i'll pray for you!

mitzy - 18 Feb 2009 17:13 - 250 of 448

lol..

jkd - 18 Feb 2009 17:32 - 251 of 448

cynic
its not allowed. dont you know it aint politically correct or permitted? ;-)
regards to you
jkd

Andy - 18 Feb 2009 18:39 - 252 of 448

cynic,

I think you need to take a look at the CURRENT management team here!

They have totally changed the BOD, there are some decent track records on board now, IMHO.

cynic - 18 Feb 2009 19:21 - 253 of 448

i'll pray for you too then! .... 100/1-on that Timis still pulls the strings, though it should be a rope around his neck that gets pulled

jkd - 18 Feb 2009 19:51 - 254 of 448

;-)

mitzy - 19 Feb 2009 11:34 - 255 of 448

A buy in my books.

justyi - 26 Feb 2009 13:43 - 256 of 448

Down 10% today to 30p. It seems that Timis is still around.

Sell Regal as Timis is a crook. You'll be swindled before you know it.

cynic - 26 Feb 2009 21:23 - 257 of 448

gosh ... someone else reiterating what i have been saying about that scumbag for the last 18 months!

goldfinger - 27 Feb 2009 12:21 - 258 of 448

Cynic (pineapple bonce) are you short here?.

cynic - 27 Feb 2009 13:08 - 259 of 448

no ... wouldn't want to go near the stock in any guise

goldfinger - 27 Feb 2009 14:25 - 260 of 448

Good for you.

A bloke over on advfn was having a go at this Timmis chap a bit like like you and all of a sudden he just stopped posting, we never heard from him again (and he was a regular) and still havent and that was 15 month ago.

cynic - 27 Feb 2009 14:33 - 261 of 448

lol! ...... i know (knew now) a guy who was truly "disappeared" about 10 years ago because he "upset" someone who resides south of the equator

goldfinger - 27 Feb 2009 14:35 - 262 of 448

Hey, cyners im not joking.

Straight up its the truth and a mate of his couldnt get him by e-mail or mobile.

cynic - 27 Feb 2009 14:47 - 263 of 448

and nor am i ..... there was a guy (the alleged hitman) who was about to be extradited from SA to stand trial in london for the "disappearance", and he amazingly committed suicide the night before being flown out

goldfinger - 27 Feb 2009 14:58 - 264 of 448

Scarey.

cynic - 27 Feb 2009 15:11 - 265 of 448

that is not hearsay either!

mitzy - 23 Mar 2009 14:50 - 266 of 448

Must be a good day for holders.

mitzy - 23 Mar 2009 15:36 - 267 of 448

Up 15% on heavy buying.

HARRYCAT - 17 Apr 2009 11:05 - 268 of 448

Shares Mag says possible t/o target at 150p! B.P. & JKX possible parties interested. BUT under the heading of 'Rumour Mill'.

mitzy - 01 May 2009 17:13 - 269 of 448

Shares mag are not usually wrong.

ptholden - 01 May 2009 17:36 - 270 of 448

mitzy, you gotta be kidding??

cynic - 01 May 2009 17:37 - 271 of 448

shares mag is frequently wrong, especially with their recommendations!
the t/o rumour at 150p has been floating around for the last year or more.
long-handled spoon required if you want to chuck money in here

required field - 01 May 2009 17:42 - 272 of 448

I'll have to search for one....not in as yet...will have to read a bit about this one over the weekend cheers !.

cynic - 01 May 2009 17:46 - 273 of 448

so long as you remain aware that Timmis is a proven crook and even if he is no longer on the board, you can bet your bottom dollar that it still does pretty much as he tells it

mitzy - 02 May 2009 09:22 - 274 of 448

I'm not a holder as I sold a few weeks back for a nice profit.

marni - 27 May 2009 09:34 - 275 of 448

i think this share will rise quickly very soon.....its moving up nicely anyway

marni - 20 Aug 2009 12:18 - 276 of 448

ticking up nicely again

cynic - 20 Aug 2009 12:41 - 277 of 448

i am sure mr timmis will be delighted to have your money, but as an out-and-out crook and conman, he was never fussy

marni - 21 Aug 2009 18:55 - 278 of 448

another good day for rpt.......certainly doing better than corrupt dragon oil board in last 3months with their approach, er offer, er whatever

cynic - 21 Aug 2009 19:00 - 279 of 448

what is "corrupt" about DGO?
personally, i wouldn't go near RPT, as there is abundant evidence to show Timis is a proven crook .... but then i don't care for chinese stocks either

btw, if you couldn't pick winners in the markets over the last few weeks, you'ld be better off sticking your money under a mattress

marni - 21 Aug 2009 19:03 - 280 of 448

i've doubled my money in rpt.......making money since march

so much crime in uk that i wouldnt leave under a mattress.....or a bank!

cynic - 21 Aug 2009 20:02 - 281 of 448

if it ain't banked , it ain't a profit .... but the i hear you've made a zillion in a some other stock on this board that was seemingly disproved by MRSI

marni - 23 Aug 2009 00:40 - 282 of 448

a million will do for me cynic, lol......i dream of course

cynic - 23 Aug 2009 09:28 - 283 of 448

as you said, though without dreams, life is not worth living!

Peter123 - 23 Aug 2009 14:28 - 284 of 448

Its a breakout!! looking good tomorrow. imo

marni - 24 Aug 2009 12:00 - 285 of 448

well said peter!!

its rocketing today

cynic - 24 Aug 2009 12:04 - 286 of 448

so is everything .... it's only when one can pick winners in a duff market that plaudits are warranted

i make no secret of the fact that i think Timmis is despicable at best, and suggest you also look at other spikes - e.g. wasn't a t/o by Shell heavily promoted at one time - and see what happened next

marni - 24 Aug 2009 12:22 - 287 of 448

i dont care cynic about past.......this is making me good money this year as thats when i put money on it.

its funny how the shorters have all gone from this website!

er, plaudits are given in any sort of market......and this was up more than 10% today.....i dont see whole market of companies like that so dont be silly.

this is still better than dreary dragon oil which stagnates for months if not years by way things are

cynic - 24 Aug 2009 12:50 - 288 of 448

DGO is just one of my holdings, and is actually in the money .... was actually in/out of it a few months back for a good profit when (as posted) i sold at 400, so sure not complaining.

that RPT is currently +10% is indisputable - actually, real time shows it +7.6% from friday's close, but no matter - but just running through my own portfolio, virtually all blue and following worthy of note if you want to play that slightly silly game .....
AFR +14.9%, GKP +7.8%, LAM +13.1%, PXS +13.8% - all real time as i write

so if even arseholes like me can find substantial winners, it has to be rats and barrel time!

anyway, you know the reason for my caveat here, though i fully accept it is reasonably if not entirely subjective ..... don't be afraid to lock in some profits!

Chart.aspx?Provider=EODIntra&Code=RPT&Si

marni - 08 Sep 2009 12:03 - 289 of 448

glad i never took those profits yet then!

highest sp this year now. woohoo

marni - 08 Sep 2009 12:45 - 290 of 448

99.5p now! come on 1 quid.

cant believe no one else on this with all its reserves

Big Al - 08 Sep 2009 13:02 - 291 of 448

Haven't looked at RPT for several years. You never hear of Kallirachi any more, do you? ;-0 Probably just as well.

Hope they're on an even keel now.

marni - 08 Sep 2009 16:14 - 292 of 448

hope u bought these al.

this is rocketing today and high volume!
no one else here but me to pick up my big cheque, lol

kimoldfield - 08 Sep 2009 16:35 - 293 of 448

Well yes, there's me! I'm nearly back in profit.

required field - 08 Sep 2009 16:37 - 294 of 448

In this one as well...and it's doing fine...like a lot of other oilies at the moment.

marni - 08 Sep 2009 16:57 - 295 of 448

i've made a bundle on this so far as i bought at 38p and 60p.....just a case on when to sell

Big Al - 08 Sep 2009 20:10 - 296 of 448

Not in these, marni, but was recently talking to people about the "Greek incident". Management were a right bunch of double dealers then. The whole Greek thing and Kallirachi, Prinos, etc was complete fabrication.

Good to see some strength on what appears to be sound basics.

Well done, you lot, I say! ;-))))

marni - 09 Sep 2009 09:03 - 297 of 448

keeps going higher!

marni - 18 Sep 2009 22:03 - 298 of 448

from the FT......come on 3 quid!

FT.com > Markets > Equities > UK

http://www.ft.com/markets/equities

"HSBC keeps FTSE on upward curve"

Meanwhile, Mr Timis had turned his attentions to Regal Petroleum, a company he founded. Drill results from two key wells in Ukraine would be fantastic, with the potential to triple production, and shares could reach 300p by the end of the year, he told DealReporter. Regal shares fell 1.5 per cent to 117p

Big Al - 20 Sep 2009 11:02 - 299 of 448

I'd be extremely wary of anything Mr Timis says regarding RPT, marni.

All being well, it'll get there without his "help". ;-0

marni - 23 Sep 2009 12:27 - 300 of 448

good update today i think........anyway sp going up again

Big Al - 23 Sep 2009 14:05 - 301 of 448

;-))

marni - 23 Sep 2009 14:12 - 302 of 448

what do u make of todays announcement al?

marni - 23 Sep 2009 14:54 - 303 of 448

huge volume on this today......could this be a huge spike up

marni - 23 Sep 2009 15:20 - 304 of 448

cant believe no comments on this!

huge volume today! seems good news and sp up a lot........jes, what more do u lot need.........i've been banging on about this most of year but it appears everyone is blind or deaf

Big Al - 23 Sep 2009 16:21 - 305 of 448

Big rise coupled with big volume always makes for a good deal of happiness, marni. ;-))

Read the news, naturally, and things look good overall. Am intrigued by all the kicks, though - never the best thing that can happen to you and I find it strange they took so many. Unfortunately I don't know the area well enough to make an informed comment - so I won't!

They say they've learnt many lessons and are applying them to SV-61, but it seems the potential trouble is deeper than where they are now. Time will tell, if they've learned all the lessons correctly. It doesn't always happen, trust me.

However, for now, we'll go with the flow, will we?

marni - 24 Sep 2009 13:07 - 306 of 448

now at all year high today! jes, i keep on backing huge winners

cynic - 24 Sep 2009 13:17 - 307 of 448

and not a single stinker either ...... clearly one of maestro's star pupils

required field - 24 Sep 2009 13:24 - 308 of 448

Well I sold out on the previous spike 117p I think...only 3000 barrels of oil production by late 2009...perhaps too early possibly....market cap pretty high now...

marni - 24 Sep 2009 13:38 - 309 of 448

disagree required.....huge reserves....in fact this is still undervalued in elation to other oil shares imho

merrill lynch has updated note with much higher sp target

required field - 24 Sep 2009 14:27 - 310 of 448

Perhaps you're right... might come back...just too many good ones to cover at the moment..

marni - 24 Sep 2009 14:33 - 311 of 448

yes i agree, just wish i had more cash to put on others too

marni - 24 Sep 2009 22:23 - 312 of 448

Shares in AIM-listed Regal Petroleum (RPT) jumped about 15% to 116p on Wednesday in strong volume following an operational update on two key wells and company broker Merrill Lynch asserting a risked net asset value of 180p a share.

Editor's Pick: Podcast: Edmond Jackson on Regal Petroleum

This appears to bolster the case I advanced on 14 September for Regal as the kind of exploration and production share capable of going through step changes in value, with further active wells and updates due

cynic - 01 Oct 2009 08:15 - 313 of 448

a bit accident prone aren't they, rather like EME
i hope (even for marni) that the malodourous ghost of timis does not come back to haunt with disproportionate effect on sp

required field - 01 Oct 2009 08:19 - 314 of 448

Glad I sold earlier but still on the watchlist....

Big Al - 01 Oct 2009 08:32 - 315 of 448

Not the best piece of news today, unfortunately. At least they're honest and say it will be difficult - damned right. All they say is "deep" so it must be down at perforation depth??? Dunno.

I get the impression they're disappointed with the flowrate all round. Quite rightly IMO. It'll take some time to recoup the cost of drilling such a deep, long well. Production before winter is a good thing, mind, depsite the low flowrate

required field - 01 Oct 2009 08:40 - 316 of 448

Any idea which way the sp is going to go ?, I would think that the sp will drift back to the upper eighties because the market cap is 357 million pounds : that's a lot (if that's correct).

marni - 01 Oct 2009 11:06 - 317 of 448

dunno rf but dont care short term........the sp will bounce again soon as it was 120p not that long ago, it might go into 80s though and if it does i'll buy more

Big Al - 01 Oct 2009 11:22 - 318 of 448

Best of luck, marni. Think I'll watch from the sidelines for now.

marni - 01 Oct 2009 11:26 - 319 of 448

if i sell anyway, i will be deep into CGT and cant imagine these under 60p again.....so will hold into next year at least

cynic - 01 Oct 2009 11:30 - 320 of 448

marni .... not the greatest logic, not least because you only pay tax on profits, and surely even you have some stinkers which you could/should sell to minimise any liability

marni - 01 Oct 2009 11:33 - 321 of 448

thats including selling ALL my losers! you just dont take my tips otherwise you would be in same quandary.

Big Al - 01 Oct 2009 11:40 - 322 of 448

CGT - horrible fact of life, indeed.

cynic - 01 Oct 2009 12:59 - 323 of 448

have plenty of c/f losses from the good old dotcom days and even last year ..... you, of course, got out well ahead of the curve, so do not have that ersatz luxury

=======
looks as though retrace to 60p may not be so far away after all

Big Al - 01 Oct 2009 14:56 - 324 of 448

Double-top syas 80p I guess.

I'm intrigued by your logic, marni. It's a long way to get to the end of the tax year; we're only halfway through it now. Why not bank profits as you never know what might happen for the next 6 months? Just a thought.

cynic - 01 Oct 2009 15:01 - 325 of 448

buy at 60, sell at 120 gives tax liability of 24 at 40% tax rate = 50/60% post-tax return ..... not bad!

Balerboy - 01 Oct 2009 15:47 - 326 of 448

I was informed, maybe wrongly that it might be 20% coming soon.....

cynic - 01 Oct 2009 15:49 - 327 of 448

if so, would not be until next tax year anyway, and sure as hell no one knows what might be in store then anyway

marni - 01 Oct 2009 22:07 - 328 of 448

seymour pierce
Regal has provided an update on its three new-generation wells in the Ukraine. MEX-106 is onstream and producing gas and condensate at good rates from one zone in the B Sands. The company had expected a further sequence in the B Sands to produce but as yet its contribution has been limited and Regal is conducting a review as to its likely future productivity. Mechanical problems have, thus far, prevented testing of the lower T and D Sands. On well SV-58, Regal is continuing with completion work across all the identified gas zones ahead of running a testing programme. Drilling on the third new-generation well (SV-61) is progressing to plan. These are deep, complex and high pressure wells that have to be handled with care. The delays are substantially mechanical issues and do not detract from the reserve upside story. BUY.

marni - 07 Oct 2009 15:35 - 329 of 448

Date: 7 October, 2009
Broker: Seymour Pierce
Company: Regal Petroleum

Recommendation:
Retain Buy price price target 220p

InterMarket Stock's recommendation rating:
Buy

gibby - 07 Oct 2009 16:06 - 330 of 448

marni do you have a link to the seymour pierce price / reccomendation pls? cheers

gibby - 07 Oct 2009 16:29 - 331 of 448

dont worry marni - thanks i have found this on intermarkets - well spotted cheers

marni - 08 Oct 2009 09:37 - 332 of 448

so much for 80p or so.......actually i bought more at 91p........reserves are huge here for sp involved

gibby - 14 Oct 2009 09:07 - 333 of 448

exactly - i will be holding rpt for sometime - from here i foresee more good news - it will also jump when that small block is cleared soon - then up and up and up imo

marni - 14 Oct 2009 09:37 - 334 of 448

that small block? are you referring about cynic, lol

Big Al - 28 Oct 2009 08:52 - 335 of 448

Got to bounce here at 90p?

dealerdear - 28 Oct 2009 09:21 - 336 of 448

Why?

Big Al - 28 Oct 2009 09:31 - 337 of 448

Coz it's 80p thereafter.

dealerdear - 28 Oct 2009 09:38 - 338 of 448

lol

Well I guess that's where it's going along with the rest of the market.

Big Al - 28 Oct 2009 11:03 - 339 of 448

Wasn't expecting it to be today, though. ;-)

cynic - 28 Oct 2009 14:40 - 340 of 448

a picture is worth 1000 words

Chart.aspx?Provider=EODIntra&Code=RPT&Si

required field - 28 Oct 2009 15:14 - 341 of 448

General knock down today.....right across the board....

cynic - 28 Oct 2009 15:16 - 342 of 448

indeed, though i dare say you can work out partly why i posted and have also been fortunate enough to avoid any dealings at all in any companies in which timis has his dirty little fingers

required field - 28 Oct 2009 15:21 - 343 of 448

I sold out on one of the spikes....I'm praying that ftse is not going back into the 4900's again....

cynic - 28 Oct 2009 15:23 - 344 of 448

watch for 4950

required field - 28 Oct 2009 15:24 - 345 of 448

aggghh....

cynic - 28 Oct 2009 15:35 - 346 of 448

i know this is off-thread, but the latest (26/10) from my chartist guru was ..... ftse currently 5242 - stay long with 5768 target or stop-loss below 4950

required field - 28 Oct 2009 15:41 - 347 of 448

Perhaps this is just one of those days.....I've bought one or two things today as everybody seems to be taking to the hills....check out Aminex (AEX)...big wildcat drilling coming up with ? Tullow Oil of all people...looks promising.

cynic - 28 Oct 2009 15:45 - 348 of 448

big pull back has been overdue, but as always, impossible to forecast ..... glad i have regularly pulled money out of the markets over the last 6 months, so though have taken a bath today, along with many others, there is already a good slab of crystalised profits safely in the bank

required field - 28 Oct 2009 15:51 - 349 of 448

I think there will be a sharp rebound .....there has to be days like today, with the world crisis it's inevitable but to sell everything on a red day : perhaps not...let's see if the red carries on tomorrow if so I shall have to see....

Big Al - 28 Oct 2009 19:24 - 350 of 448

Hopefully the start of a bigger pullback, long overdue, and it's the speculative stocks that will feel it.

Since the start of August, RDSB has outperformed RPT. Interesting. ;-))

HARRYCAT - 13 Nov 2009 12:11 - 351 of 448

From Ft today:
"A lot of people are asking us about this one, and I think it's still good value as it approaches 100p. We're looking at the next operational update as key here: more news on the MEX-106 flow rate from the B sands, which was steadily improving from the last update, and maybe news of when the T and D sands will be tested, but really the story will be around SV58.

We know that the B24 sand interval there is extremely promising, and if it represents a contiguous reservoir sand across the license, the flow rates should be very exciting, even before we consider the upside from the Ts and Ds. I've said it before, I'll say it again: this is a very accomplished management, operationally speaking, and they are best-placed to drive the value from what is now effectively a resource play. Wait for the details on the SV61 drilling too, which will prove the point: this is going to be the fastest well ever drilled to these depths in Ukraine, and when you compare the timing with MEX 106 and SV58, you'll see that the management team is driving relentless operational improvement. BUY RPT in advance of this update."

cynic - 13 Nov 2009 12:16 - 352 of 448

more chat room crap i take it ..... please make it clear in your posts, otherwise saeveral/many will assume it's been cc'd from the pink paper - no, not the racing post

HARRYCAT - 13 Nov 2009 12:40 - 353 of 448

Reprimand noted! Post #351 please read 'FT chat' as title. (to say that the FT guys talk crap is possibly a bit harsh. Their contributions are graded to guide the readers from 'fact' to 'rumour'.)

Big Al - 13 Nov 2009 18:31 - 354 of 448

All these people do is write an opinion. They're no better at this than other individuals. "DYOR" is the best "tip". ;-)))

Big Al - 21 Dec 2009 11:59 - 355 of 448

This one has kinda fell off the BBs of late. Everyone lost interest. I've no position at present.

Balerboy - 21 Dec 2009 20:37 - 356 of 448

Try the missionary seeing as it's xmas..;-))

cynic - 21 Dec 2009 22:49 - 357 of 448

doggy would be better ..... then you can get shafted in a number of ways

Big Al - 22 Dec 2009 07:31 - 358 of 448

Thanks for the tips guys!! ROFLMAO!

She's at that 80p level again and just needs to decide which way. 50/50, I guess, to either revisit 120p+ or 50p?

hlyeo98 - 12 Jan 2010 23:07 - 359 of 448

As Another Production Target Is Missed, Regal Petroleum Trials A Jet Perforation Technique To Solve Its Problems In Ukraine

Regal Petroleum has missed another year-end production goal as it struggles to deliver production from its tight gas fields in the Ukraine. The company had hoped that the new generation wells it is now drilling on the MEX-GOL and SV fields would lift group production to 7,500 barrels of oil equivalent per day but instead production is running at 2,072 boepd as the AIM company battles difficult downhole conditions.

The good news is the group seems to have found a solution to its completion and production problems, a solution that could lead to significant production growth in 2010. These highly pressured deep gas/condensate fields were never going to be easy to drill the state oil company used to take more than a year to drill these fields using its antiquated rigs, a timeline that Regal has more than halved using two newbuild Saipem 2,000 HP top drive rigs. The new rigs also allow the company to use a different casing design, enabling it to drill more quickly, with lower mud weights, thereby reducing the risk of the kind of formation damage that has hampered production from some of the old wells on these tight gas fields.

Even with all this state-of-the-art kit, the first two new generation wells, drilled to a depth of more than 6,000 metres, have failed to live up to expectations. The first well, MEX-106, was put into production in September 2009 but shortly afterwards suffered a blockage due to a mechanical obstruction at a depth of 5,200 metres. This meant the company could only produce from the shallower B sands at a rate of 517 boepd. A field operation using coiled tubing has recovered eight metres of the fish, with three metres still lodged downhole. The remaining section should be removed next month and then the company will be able to perforate the deeper T and D sands, ready for production testing.

The problems in the second well, SV-58, were more profound. A production test on the B sand intervals, undertaken in November, behaved in what the company called a somewhat unusual manner. A very high condensate-to-gas ratio from one of the sand layers caused the well to load up quickly with condensate, making it difficult for the well to deliver sustained commercial flow rates. There were also connectivity issues. This could have been disastrous for the company, given that it had staked its reputation on its ability to unlock the potential of the MEX-GOL and SV fields and its dubious past of hyping a project that later proved to be a dud (its ill-fated Greek venture, which led to the previous management being censured and the company receiving the largest fine in AIMs history).

But it seems Regals technical team have cracked the production problem. They have deployed a jet perforation technique, which provides deeper penetration into the formation and eliminates the formation damage generated by conventional perforating techniques. This led to a sustained and stable production flow of 395 boepd, a significant about 560 per cent increase - improvement on inflow rates. Whats more, this comes from just four metres of the target reservoir, which is less than 10 per cent of the total target reservoir. Next month, the remaining 75 metres of target reservoir will be perforated in this way, which should move the SV-58 well towards pre-drill expectations.

Importantly, the jet perforation trial has been so successful that it would seem sensible to deploy it on other wells on the field to see if they too would benefit. It seems there may be a systemic issue with the perforation techniques previously employed across the field, which would help explain its past under-performance.

Chief executive David Greer praised the breakthrough. "We take pride that this alternative perforating approach, conceived and executed in a very short timeframe in extreme weather conditions by Regal's small but professional team, has delivered a breakthrough solution to SV-58's reservoir connectivity challenge, said Greer. We now intend to build on our success in the trial by delivering access to the other target reservoirs in SV-58. During the drilling of this well, strong gas influxes were encountered, so we are optimistic that production from SV-58 can meet our pre-drill estimations in due course.

The company is now drilling two more new-generation wells. The third, SV-61, was this week at a depth of 5,960 metres near the top of the T-sand objective, while the fourth and fastest yet, SV-66, is already at a depth of 4,548 metres. An updated CPR report will be issued once the company has completed its perforation and testing programmes on all four wells. Regal has a 2P 169 million boe reserve base, a tally that was believed to be conservative. Success with the jet perforation technique will hopefully enable the company to demonstrate the potential of these wells and deliver the reserves uplift investors have been hoping for: there has been talk of a possible 350 million boe resource which could support production of 90,000 boepd at peak.

Big Al - 18 Jan 2010 12:52 - 360 of 448

80p gone

hlyeo98 - 18 Jan 2010 13:05 - 361 of 448

You are right, Big Al, I think this is the beginning of a slide for RPT...now 78p.

cynic - 18 Jan 2010 13:13 - 362 of 448

oh dear .... has "the crook" gulled everyone again?

Balerboy - 18 Jan 2010 16:03 - 363 of 448

not me :))

hlyeo98 - 18 Jan 2010 16:09 - 364 of 448

jimmy b - 18 Jan 2010 16:12 - 365 of 448

I didnt think Timmis had any say in RPT anymore other than holding equity ??

hlyeo98 - 18 Jan 2010 16:18 - 366 of 448

You never know...his cronies might still be his eyes and ears in RPT.

Big Al - 18 Jan 2010 16:30 - 367 of 448

I hope marni got out with his profit intact.

cynic - 18 Jan 2010 16:31 - 368 of 448

"the crook" still holds 8% and i reckon it would be pretty naive to believe that he does not have a pretty direct interest and influence ..... this is about as good a company as EME

hlyeo98 - 18 Jan 2010 16:40 - 369 of 448

This is found in Wikipedia...

Regal Petroleum, founded by Timiş in November 1996 was listed on the London Alternative Investment Market and owned some oil and gas resources in Romania and Ukraine. However, it became famous after the September 2003 acquisition of 60% of an oilfield located in Kavala, Greece. Timiş claimed that his company's survey team found one of the largest finds of oil in Europe: up to a billion barrels. The oil allegedly had so much pressure that the drilling platform was close to be destroyed by it.

This announcement drove Regal's share price up to a peak of 509p, the company's market value reaching 500m, being one the highest valued companies of the Alternative Investment Market. Many private investors and respectable institutions (including Merrill Lynch, Commerzbank, Artemis and Schroders) invested in this company more than 45m. Timiş sold off the main assets of Regal soon after the investments reached the peak, without informing the directors and shareholders and resigned from the function as chief executive of the company.

However, by mid-2005, the bubble burst and it was clear that there was little oil in Regal's oil field and the flow rates were as low as 30 barrels a day and "deemed to be non-commercial". In a few hours, the stock fell by more than 60% and as of June 2006, the share price is at 48.75p, less than 10% of the peak price. In 2005, its value was still worth about 120m, and had cash reserves of 37m, but due to lack of any real source of income, the reserves reached only 15m at the end of the year, as the company saw losses of 50m in 2005. In February 2006, Regal lost its Ukraine gas production license in a trial.

In June 2005, an environmental group, Alburnus Maior, asked the Romanian Supreme Court, under the freedom of information laws, whether Timiş was under any investigations and the answer was that his name was linked with three dossiers investigated by the organised crime department. However, Timiş denied all these. Later queries to the Romanian administration on this subject were given the answer that there are no investigations concerning Timiş.

Due to the collapse of this company, the Alternative Investment Market decided in 2006 to toughen regulations for companies in the natural resources sector and to hire experts who would prevent such booms followed by crashes in the future.

cynic - 18 Jan 2010 16:44 - 370 of 448

since then and because of the above, RPT has been fined a record amount and further, FSA or whoever it is, has taken the unprecedented action of refusing Timis permission to float his latest "scam" on AIM

hlyeo98 - 18 Jan 2010 16:57 - 371 of 448

Look at African Minerals (AMI), shot up from 50p early 2009 to 420p now...

In 2005, the Timiş Trust bought 30% of the shares of the Sierra Leone Diamond Company, via the Trust's Bermuda-registered Timis Diamond Corporation Limited. SLDC holds mineral rights over a third of the area of Sierra Leone in the northern part of the country,[14] including some important diamond fields and the Tonkolili & Marampa Iron Ore Projects. The company is also exploring for uranium at Lovetta, and for gold and base metals in the Sula Mountains, Gori Hills and Nimini Hills. On 16 August 2007 the AIM-listed company was renamed African Minerals Limited (AMI.L) to reflect these other interests.[15] On 2 February 2009 AMI announced an initial Mineral Resource estimate of 4.7 billion tonnes of iron at an average grade of 29.9% Total Iron in the Numbara and Simbili targets at Tonkolili.[16]

Timiş, who is non-executive chairman of the company, increased his shareholding to 34% in June 2006[17] and to 34.6% (40,875,002 shares) in September 2006.[18] As of February 2009[update] the entire company was worth 45m (US$65m).

cynic - 18 Jan 2010 17:01 - 372 of 448

look at RPT ...... shot up to 509 and collapsed to <50p!

hlyeo98 - 18 Jan 2010 17:46 - 373 of 448

How do you know he is holding 8% of RPT, cynic?

cynic - 18 Jan 2010 17:54 - 374 of 448

it was in the Sunday Times or similar last week or thereabouts - a whole page article about him

hlyeo98 - 18 Jan 2010 18:19 - 375 of 448

No, he holds 14.1% to be accurate.

hlyeo98 - 18 Jan 2010 18:27 - 376 of 448

according to him on franktimis.com

cynic - 18 Jan 2010 19:17 - 377 of 448

adds even more weight to what i wrote then!

jimmy b - 18 Jan 2010 23:32 - 378 of 448

Thats the same artical i read cynic.

cielo - 20 Jan 2010 12:27 - 379 of 448

NEWS today

Regal says Ukraine performance improved

Oil and gas group Regal Petroleum says its current total daily field production rates in the Ukraine are 2,166 boepd, reflecting a slightly improved performance from its SV-58 well.

SV-58 production has stabilised following a successful abrasive perforation trial.

Earlier than planned cessation of drilling in the SV-61 6" hole section, in conjunction with the parallel abrasive perforation operations planned in both SV-58 and SV-61, should result in an improvement in production rates in the near future.

cielo - 20 Jan 2010 12:33 - 380 of 448

Nice bounce from lows
RPT gas processing facilities are currently 700,000m3.
big.chart?symb=uk%3Arpt&compidx=aaaaa%3A

cielo - 20 Jan 2010 12:40 - 381 of 448

FT Alphaville today

NH Some questions about Regal
NH and the latest update
Regal Petroleum (RPT:LSE): Last: 75.00, up 1 (+1.35%), High: 77.00, Low: 71.50, Volume: 1.61m
NH I yes
NH the Sector Watcher has been on
NH RPT's share price has been battered recently on no newsflow, so today's operational update offers some welcome clarity. Where are we? Well, good news is that production has risen about 5% in the past week or so, driven by strong performance from the SV-58 well. MEX-106 is almost ready to test the T and D sands, following some remedial work removing obstructions in the well. SV-66 is drilling ahead strongly. SV-58 has another 75m of target reservoir to be tested following the mobilisation of the necessary equipment for the abrasive perf. Negative? Well, SV-61 is suspended following some difficulties in the T sands, so we wont get a good read on that until T and D can be tested in nearby SV-66.
NH Upshot? All the bad news, such as it is, is in the price, and more. There's a series of strong catalysts upcoming operationally, and production continues to grow and drive cashflow. Yes, there have been operational challenges, but management has proved to be the master of them, and we continue our STRONG BUY recommendation driven by valuation discrepancy and strong near-term visible catalysts. BUY RPT.

required field - 22 Jan 2010 17:33 - 382 of 448

This is one oilie that I have big doubts about....how much is the market cap ? 250 million pounds with I think only 2000 barrels per day equivalent....on the front cover of Shares mag this week...I have not read the article yet...will do over the weekend.....but the directors have sold a lot of shares with an after hours rns....not very good timing : in my view 50p sp could be a target....

hlyeo98 - 22 Jan 2010 18:46 - 383 of 448

I have read the article but not convinced by Greer at all.

hlyeo98 - 23 Jan 2010 22:59 - 384 of 448

Regal Petroleum plc

22 January 2010

Sale of Shares by Directors

The Company has today been notified that the directors of the Company set out below, sold, on 21 January 2010, an aggregate of 860,417 ordinary shares of 5 pence each in the capital of the Company ("Ordinary Shares") at an average price of approximately 0.7675 each, primarily to cover exercise costs, tax and national insurance relating to the Long Term Incentive Plan Awards ("LTIP Awards") exercised by such directors on 20 January 2010.

Further details of such sales, together with these directors' holdings of Ordinary Shares, their respective percentage of the issued Ordinary Share capital of the Company, and their remaining holdings of LTIP Awards are as follows:-

Directors:

Keith Henry
Number of Shares Sold 41,667
Resultant Holding of Shares 150,000
Percentage of Issued Share Capital 0.05
Holding of LTIP Awards 283,334

David J Greer
Number of Shares Sold 400,000
Resultant Holding of Shares 510,000
Percentage of Issued Share Capital 0.16
Holding of LTIP Awards 900,000

Hendrikus Verkuil
Number of Shares Sold 229,375
Resultant Holding of Shares 230,000
Percentage of Issued Share Capital 0.07
Holding of LTIP Awards 383,750

Robert Wilde
Number of Shares Sold 189,375
Resultant Holding of Shares 120,000
Percentage of Issued Share Capital 0.04
Holding of LTIP Awards 533,750

required field - 24 Jan 2010 12:46 - 385 of 448

To me it looks like a short (not that i'd be tempted) but still the same......big oil spill in Texas.....might put a little bit of upward pressure on crude...disruption of supplies...shortage possibilities....etc....

hlyeo98 - 01 Apr 2010 21:03 - 386 of 448

Frank Timmis is at it again, I'm sure...65p now.

hlyeo98 - 01 Apr 2010 21:08 - 387 of 448

And David Greer is saying it's doing well but why is he selling RPT shares then?

cynic - 01 Apr 2010 21:32 - 388 of 448

sup with the devil etc

mitzy - 03 Apr 2010 19:56 - 389 of 448

Scarey chart.

Big Al - 19 Apr 2010 11:40 - 390 of 448

Another support level breached.

cynic - 19 Apr 2010 11:49 - 391 of 448

often disagree with hyleo, but have been saying for ages and ages that any company in which timmis has his stinky sticky fingers should be avoided

=============

i wonder if marni is still in this ...... (s)he was touting it strongly for ages but very quiet of late ..... boiled or fried alive maybe

Big Al - 19 Apr 2010 12:07 - 392 of 448

Think I posted ages ago that I hope marni had cut and run. Nice earner to that point, but it's halved since with probably more to come.

hlyeo98 - 26 Apr 2010 13:15 - 393 of 448

And it is 50p now... David Greer doesn't instill any confidence at all.

hlyeo98 - 29 Apr 2010 09:22 - 394 of 448

and 45p now.

Big Al - 14 May 2010 15:38 - 395 of 448

Surprised this one hasn't brought comment over the past couple of days. ;-))

dealerdear - 14 May 2010 15:45 - 396 of 448

I'm watching -- closely ..

Big Al - 14 May 2010 16:43 - 397 of 448

Been in and out. ;-))

dealerdear - 17 May 2010 07:45 - 398 of 448

Likewise

Master RSI - 17 May 2010 08:48 - 399 of 448

order book still weak from Friday's late marked down, but recovering from lows

Master RSI - 17 May 2010 08:48 - 400 of 448

The shares are ready for the bounce again after late last Friday Market turmoil and early morning today "AT" prices showing on the chart the large spread now narrowing to 43.75 / 44.25p

Chart.aspx?Provider=EODIntra&Code=RPT&Si

Chart.aspx?Provider=Intra&Code=rpt&Size=

goldfinger - 17 May 2010 10:39 - 401 of 448

Regal Pet RPT chart alerted to me on the SC site by Jo.

Everything more or less at basement level (even the boly band) and looking to rise a great deal further........

MACD, SLOW STOTS RSI all point to big increases.

What a TA stonker.

Chart.aspx?Provider=History&Code=rpt&Siz

Chart.aspx?Provider=History&Code=rpt&Siz

Master RSI - 17 May 2010 10:39 - 402 of 448

A few minutes ago had a spike to 47.25p and now settle on a narrow spread 46.25 / 46.50p supported with 45K at both sides on Level 2

goldfinger - 17 May 2010 11:05 - 403 of 448

On fundies looks very cheap from hemscott premium...

A forward P/E of just over 7 to 2011, derd cheap.

Regal Petroleum PLC

FORECASTS 2010 2011
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Seymour Pierce
05-05-10 BUY 14.34 2.91 28.74 5.88

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 14.34 2.91 0.00 28.74 5.88 0.00
1 Month Change 0.01 0.01 0.00 -8.22 -0.92 0.00
3 Month Change 0.01 0.01 -8.22 -0.92

GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS % % 102.06%
DPS % % %

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA m 18.41m 36.30m

EBIT m 13.37m 28.10m

Dividend Yield 0.00% % %

Dividend Cover x x x

PER -19.75x 15.38x 7.61x

PEG f f 0.08f

Net Asset Value PS p 65.88p 71.76p

Little wonder we have this comment from the chief....

http://www.reuters.com/article/idUSLDE63Q00C20100427?type=marketsNews

REGAL CHIEF HITS OUT AT "LACK OF UNDERSTANDING"

The chief executive of Regal Petroleum (RPT.L) has hit out at a "lack of understanding" by investors, which he believes is hindering the Ukraine-focused gas explorer. The Aim-listed company reported a larger than expected pre-tax loss and chief executive David Greer said the quality of Regal's probable reserves, compared with its peers, was being overlooked by the market. Regal's shares traded at around three pounds when the company had an Aim disciplinary ruling hanging over it, and again when it had a tense relationship with the Ukraine government. Greer, who expects the group to return to profit next year, noted that shares now trade at 52 pence, despite those issues being resolved.

goldfinger - 17 May 2010 11:32 - 404 of 448

Yipes further to the hemscott buy note out digital look have the Broker target as a stonking 180p.

Date Broker name New Price Old price target New price target Broker change

05-May-10 Seymour Pierce Buy 40.75p 180.00p - Reiteration

goldfinger - 18 May 2010 10:18 - 405 of 448

Pretty cheap stock when you consider forward P/E to 2011 is only 7.7 and the NAV figure for the same period is 71.76p per share. Forecast NAV will also move up markedly on news of developments.

Truly undervalued.

Regal Petroleum PLC

FORECASTS 2010 2011
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Seymour Pierce
05-05-10 BUY 14.34 2.91 28.74 5.88

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 14.34 2.91 0.00 28.74 5.88 0.00
1 Month Change 0.01 0.01 0.00 -8.22 -0.92 0.00
3 Month Change 0.01 0.01 -8.22 -0.92

GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS % % 102.06%
DPS % % %

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA m 18.41m 36.30m

EBIT m 13.37m 28.10m

Dividend Yield 0.00% % %

Dividend Cover x x x

PER -20.08x 15.64x 7.74x

PEG f f 0.08f

Net Asset Value PS p 65.88p 71.76p

The Other Kevin - 18 May 2010 10:28 - 406 of 448

What's driving it down today?

cynic - 18 May 2010 10:32 - 407 of 448

recognition that frank timis still has his smelly and sticky fingers well embedded

The Other Kevin - 18 May 2010 10:36 - 408 of 448

OK

goldfinger - 18 May 2010 10:57 - 409 of 448

Think thats all ready in the price cyners.

Its a very volatile little devil.

Changes from red to blue and vise versa many a time during the trading day. The trend is up though at the moment albeit a contra trend at the moment.

cynic - 18 May 2010 11:01 - 410 of 448

i won't go near this one, any more than i would eme

hlyeo98 - 18 May 2010 12:20 - 411 of 448

It's a dead cat bounce.

smiler o - 19 May 2010 09:21 - 412 of 448

And still going down !

Chart.aspx?Provider=EODIntra&Code=RPT&Si

still thinking about a punt on this one around this price at 35/6 ??

mitzy - 07 Jun 2010 08:25 - 413 of 448

Top performer today.

Balerboy - 07 Jun 2010 08:28 - 414 of 448

for how long...

mitzy - 07 Jun 2010 08:40 - 415 of 448

Search me..!

hlyeo98 - 28 Jun 2010 13:05 - 416 of 448

Operation has been suspended in Ukraine. Some funny business going on...

cynic - 28 Jun 2010 13:07 - 417 of 448

oh dear - has frank timis conned all you mugs yet again?

mitzy - 28 Jun 2010 14:56 - 418 of 448

another dead cats bounce.

mitzy - 29 Jun 2010 14:02 - 419 of 448

Careful now 20p beckons.

hlyeo98 - 06 Jul 2010 16:16 - 420 of 448

Beware Frank Timis still owns 4.44% of RPT...

6 July 2010

Holding in Company

The Company was notified on 5 July 2010 by Safeguard Management Limited, as Trustee of The Timis Trust, that, following a disposal of ordinary shares of 5 pence each in the Company ("Ordinary Shares") on 2 July 2010, it has an interest in 14,136,881 of the Company's Ordinary Shares, representing 4.44 per cent. of the issued ordinary share capital of the Company.

dealerdear - 15 Jul 2010 15:43 - 421 of 448

The rise (22%) as predicted I believe by RSI.

required field - 15 Jul 2010 15:53 - 422 of 448

Don't tell me this one as well is rocketing....job to follow all this...what a summer....!.

dealerdear - 15 Jul 2010 15:56 - 423 of 448

31% at present

gibby - 14 Aug 2010 13:29 - 424 of 448

worth a read imo

http://www.proactiveinvestors.co.uk/companies/news/19870/regal-petroleum-on-the-brink-of-great-things-19870.html

Balerboy - 14 Aug 2010 15:05 - 425 of 448

Link for gibby's post here
Gibby's post

cynic - 14 Aug 2010 18:36 - 426 of 448

the share's worth a miss as is anything tainted by timis

jimmy b - 14 Aug 2010 21:55 - 427 of 448

Have a look at Timis picture he looks like Ronnie Kray ,thats good enough reason not to buy in.

cynic - 24 Aug 2010 08:44 - 428 of 448

this is a marni (of coven fame) special .... where is (s)he now? ..... boiled in oil perhaps?

mitzy - 30 Sep 2010 09:51 - 429 of 448

Not good 20p today.

cynic - 30 Sep 2010 10:00 - 430 of 448

it's always been a total shit company ever since tmis was shown up in his true light .... anyone who thinks he now has no influence in the running of the "scam" is easily taken in

mitzy - 30 Sep 2010 10:01 - 431 of 448

I agree there.

mitzy - 30 Sep 2010 13:18 - 432 of 448

This could fall to 10p or less.

hlyeo98 - 30 Sep 2010 19:14 - 433 of 448

Is their profit announced not liable and a total scam?
I presumed so myself

champagne ronny - 30 Sep 2010 21:57 - 434 of 448

lol another AIM dog ready to meet its maker. Just amazing how many fools chase these types, no doubt bottom fishers will come unstuck the next few days. Pass me the bargepole.

dawall - 01 Oct 2010 14:10 - 435 of 448

It's been said for a long time how totally incompetent Greer was and how he bulshitted and never told the real picture or the truth. It has been laid bare to see now, Greer probably fortunate enough to only be kicked out, I is almost certainly liable for a lot lot more that we don't know about. Bet he won't be flashing around on Bloomberg and the other media now.

mitzy - 01 Oct 2010 14:15 - 436 of 448

2x 1 million buys gone through.

dealerdear - 20 Oct 2010 11:07 - 437 of 448

Once again can't get an online quote to go long.

Based on previous experience this could mean the sp is about to rise

cynic - 20 Oct 2010 11:10 - 438 of 448

live price is 14.75/15.00 (+2 on day)

cynic - 26 Nov 2010 14:26 - 439 of 448

i see the t/o rumour is floating around again

cielo - 01 Dec 2010 09:57 - 440 of 448

A good rise today, on breaking through 20p could signal the end of the downtrend

Chart.aspx?Provider=EODIntra&Code=RPT&Si

cynic - 10 Dec 2010 08:52 - 441 of 448

perhaps t/o rumour is gaining legs - but whether or not there is any truth behind it is another matter (RPT does not have that word in its dictionary!)

hlyeo98 - 10 Dec 2010 09:27 - 442 of 448

This is another dodgy company like Desire Petroleum, twisting their words all the time.

cynic - 12 Dec 2010 14:51 - 443 of 448

according to ST, directors have agreed a 24p t/o deal subject to shareholder approval ... pity the poor long-term holders of this crooked company who saw their shares at about 500p a few years back

expect sp to pull back on monday from friday's close ..... white knight to appear? .... why should one?

na sdaq - 12 Dec 2010 17:03 - 444 of 448

440 posts in 7 years!!!!!
Cynic why do you think it will drop seems to me 24p will be min support currently after rns!

cynic - 12 Dec 2010 17:49 - 445 of 448

why do you think anyone will offer more than 24p? ..... sp closed slightly above that, and i would expect sp to fall back to 21/22 to account for uncertainty and time discount

The Other Kevin - 13 Dec 2010 08:41 - 446 of 448

Possibility of a battle between two bidders.

cynic - 13 Dec 2010 08:48 - 447 of 448

zero/none! ...... i rashly bought a smallish number a week or so ago, and have more than happily banked the profit at 26

mitzy - 01 Feb 2018 10:53 - 448 of 448

What a beautiful 5 year chart.

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