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

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.

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

Cynic (pineapple bonce) are you short here?.

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

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.

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

Hey, cyners im not joking.

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

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

Scarey.

that is not hearsay either!

Must be a good day for holders.

Up 15% on heavy buying.

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

Shares mag are not usually wrong.

mitzy, you gotta be kidding??

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

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

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

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

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