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

dont worry marni - thanks i have found this on intermarkets - well spotted cheers

so much for 80p or so.......actually i bought more at 91p........reserves are huge here for sp involved

exactly - i will be holding rpt for sometime - from here i foresee more good news - it will also jump when that small block is cleared soon - then up and up and up imo

that small block? are you referring about cynic, lol

Got to bounce here at 90p?

Why?

Coz it's 80p thereafter.

lol

Well I guess that's where it's going along with the rest of the market.

Wasn't expecting it to be today, though. ;-)

a picture is worth 1000 words

General knock down today.....right across the board....

indeed, though i dare say you can work out partly why i posted and have also been fortunate enough to avoid any dealings at all in any companies in which timis has his dirty little fingers

I sold out on one of the spikes....I'm praying that ftse is not going back into the 4900's again....

watch for 4950

aggghh....

i know this is off-thread, but the latest (26/10) from my chartist guru was ..... ftse currently 5242 - stay long with 5768 target or stop-loss below 4950

Perhaps this is just one of those days.....I've bought one or two things today as everybody seems to be taking to the hills....check out Aminex (AEX)...big wildcat drilling coming up with ? Tullow Oil of all people...looks promising.

big pull back has been overdue, but as always, impossible to forecast ..... glad i have regularly pulled money out of the markets over the last 6 months, so though have taken a bath today, along with many others, there is already a good slab of crystalised profits safely in the bank

I think there will be a sharp rebound .....there has to be days like today, with the world crisis it's inevitable but to sell everything on a red day : perhaps not...let's see if the red carries on tomorrow if so I shall have to see....

Hopefully the start of a bigger pullback, long overdue, and it's the speculative stocks that will feel it.

Since the start of August, RDSB has outperformed RPT. Interesting. ;-))