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.





Corporate website : www.regalpetroleum.com

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

see MRP BB

rc,

There you go, back upwards again now.

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

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.

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 ...

does any one know why there is lot of buying today

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

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

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!

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

Sue,

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

Thought not!

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.

Sue,

Where is the ramp in that post then?

Come on, find a "ramp"!

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

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

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

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

this will increase further today could see 70p

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.

good upstroke today