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

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

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

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.

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!!

LOL - great!!

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

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

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

Another 1 million just gone through. Something is brewing!

still rising - any idea why??

3.00 buyout rumours.

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.

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-)

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.

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

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

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.

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.

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

Appears to be Shell being touted round the city desks