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

another good day for rpt.......certainly doing better than corrupt dragon oil board in last 3months with their approach, er offer, er whatever

what is "corrupt" about DGO?
personally, i wouldn't go near RPT, as there is abundant evidence to show Timis is a proven crook .... but then i don't care for chinese stocks either

btw, if you couldn't pick winners in the markets over the last few weeks, you'ld be better off sticking your money under a mattress

i've doubled my money in rpt.......making money since march

so much crime in uk that i wouldnt leave under a mattress.....or a bank!

if it ain't banked , it ain't a profit .... but the i hear you've made a zillion in a some other stock on this board that was seemingly disproved by MRSI

a million will do for me cynic, lol......i dream of course

as you said, though without dreams, life is not worth living!

Its a breakout!! looking good tomorrow. imo

well said peter!!

its rocketing today

so is everything .... it's only when one can pick winners in a duff market that plaudits are warranted

i make no secret of the fact that i think Timmis is despicable at best, and suggest you also look at other spikes - e.g. wasn't a t/o by Shell heavily promoted at one time - and see what happened next

i dont care cynic about past.......this is making me good money this year as thats when i put money on it.

its funny how the shorters have all gone from this website!

er, plaudits are given in any sort of market......and this was up more than 10% today.....i dont see whole market of companies like that so dont be silly.

this is still better than dreary dragon oil which stagnates for months if not years by way things are

DGO is just one of my holdings, and is actually in the money .... was actually in/out of it a few months back for a good profit when (as posted) i sold at 400, so sure not complaining.

that RPT is currently +10% is indisputable - actually, real time shows it +7.6% from friday's close, but no matter - but just running through my own portfolio, virtually all blue and following worthy of note if you want to play that slightly silly game .....
AFR +14.9%, GKP +7.8%, LAM +13.1%, PXS +13.8% - all real time as i write

so if even arseholes like me can find substantial winners, it has to be rats and barrel time!

anyway, you know the reason for my caveat here, though i fully accept it is reasonably if not entirely subjective ..... don't be afraid to lock in some profits!

glad i never took those profits yet then!

highest sp this year now. woohoo

99.5p now! come on 1 quid.

cant believe no one else on this with all its reserves

Haven't looked at RPT for several years. You never hear of Kallirachi any more, do you? ;-0 Probably just as well.

Hope they're on an even keel now.

hope u bought these al.

this is rocketing today and high volume!
no one else here but me to pick up my big cheque, lol

Well yes, there's me! I'm nearly back in profit.

In this one as well...and it's doing fine...like a lot of other oilies at the moment.

i've made a bundle on this so far as i bought at 38p and 60p.....just a case on when to sell

Not in these, marni, but was recently talking to people about the "Greek incident". Management were a right bunch of double dealers then. The whole Greek thing and Kallirachi, Prinos, etc was complete fabrication.

Good to see some strength on what appears to be sound basics.

Well done, you lot, I say! ;-))))

keeps going higher!