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Regal Petroleum (RPT)     

Andy - 22 Jan 2003 17:51

shelltop.JPG

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


Corporate website : www.regalpetroleum.com

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?
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