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

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.

Morning Andy

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

cheers.

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

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

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.

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

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

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

yet again - AVOID like the plague

cynic,

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

Don't forget the free London presentation tonight!

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

Oils like DGO and DNX and DES in demand today.

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

Its too late cynic I'm already in.

i'll pray for you!

lol..

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

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.

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

;-)