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

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. ;-))

From Ft today:
"A lot of people are asking us about this one, and I think it's still good value as it approaches 100p. We're looking at the next operational update as key here: more news on the MEX-106 flow rate from the B sands, which was steadily improving from the last update, and maybe news of when the T and D sands will be tested, but really the story will be around SV58.

We know that the B24 sand interval there is extremely promising, and if it represents a contiguous reservoir sand across the license, the flow rates should be very exciting, even before we consider the upside from the Ts and Ds. I've said it before, I'll say it again: this is a very accomplished management, operationally speaking, and they are best-placed to drive the value from what is now effectively a resource play. Wait for the details on the SV61 drilling too, which will prove the point: this is going to be the fastest well ever drilled to these depths in Ukraine, and when you compare the timing with MEX 106 and SV58, you'll see that the management team is driving relentless operational improvement. BUY RPT in advance of this update."

more chat room crap i take it ..... please make it clear in your posts, otherwise saeveral/many will assume it's been cc'd from the pink paper - no, not the racing post

Reprimand noted! Post #351 please read 'FT chat' as title. (to say that the FT guys talk crap is possibly a bit harsh. Their contributions are graded to guide the readers from 'fact' to 'rumour'.)

All these people do is write an opinion. They're no better at this than other individuals. "DYOR" is the best "tip". ;-)))

This one has kinda fell off the BBs of late. Everyone lost interest. I've no position at present.

Try the missionary seeing as it's xmas..;-))

doggy would be better ..... then you can get shafted in a number of ways

Thanks for the tips guys!! ROFLMAO!

She's at that 80p level again and just needs to decide which way. 50/50, I guess, to either revisit 120p+ or 50p?