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

To me it looks like a short (not that i'd be tempted) but still the same......big oil spill in Texas.....might put a little bit of upward pressure on crude...disruption of supplies...shortage possibilities....etc....

Frank Timmis is at it again, I'm sure...65p now.

And David Greer is saying it's doing well but why is he selling RPT shares then?

sup with the devil etc

Scarey chart.

Another support level breached.

often disagree with hyleo, but have been saying for ages and ages that any company in which timmis has his stinky sticky fingers should be avoided

=============

i wonder if marni is still in this ...... (s)he was touting it strongly for ages but very quiet of late ..... boiled or fried alive maybe

Think I posted ages ago that I hope marni had cut and run. Nice earner to that point, but it's halved since with probably more to come.

And it is 50p now... David Greer doesn't instill any confidence at all.

and 45p now.

Surprised this one hasn't brought comment over the past couple of days. ;-))

I'm watching -- closely ..

Been in and out. ;-))

Likewise

order book still weak from Friday's late marked down, but recovering from lows

The shares are ready for the bounce again after late last Friday Market turmoil and early morning today "AT" prices showing on the chart the large spread now narrowing to 43.75 / 44.25p

Regal Pet RPT chart alerted to me on the SC site by Jo.

Everything more or less at basement level (even the boly band) and looking to rise a great deal further........

MACD, SLOW STOTS RSI all point to big increases.

What a TA stonker.

A few minutes ago had a spike to 47.25p and now settle on a narrow spread 46.25 / 46.50p supported with 45K at both sides on Level 2

On fundies looks very cheap from hemscott premium...

A forward P/E of just over 7 to 2011, derd cheap.

Regal Petroleum PLC

FORECASTS 2010 2011
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Seymour Pierce
05-05-10 BUY 14.34 2.91 28.74 5.88

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 14.34 2.91 0.00 28.74 5.88 0.00
1 Month Change 0.01 0.01 0.00 -8.22 -0.92 0.00
3 Month Change 0.01 0.01 -8.22 -0.92


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS % % 102.06%
DPS % % %

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA m 18.41m 36.30m

EBIT m 13.37m 28.10m

Dividend Yield 0.00% % %

Dividend Cover x x x

PER -19.75x 15.38x 7.61x

PEG f f 0.08f

Net Asset Value PS p 65.88p 71.76p

Little wonder we have this comment from the chief....

http://www.reuters.com/article/idUSLDE63Q00C20100427?type=marketsNews

REGAL CHIEF HITS OUT AT "LACK OF UNDERSTANDING"

The chief executive of Regal Petroleum (RPT.L) has hit out at a "lack of understanding" by investors, which he believes is hindering the Ukraine-focused gas explorer. The Aim-listed company reported a larger than expected pre-tax loss and chief executive David Greer said the quality of Regal's probable reserves, compared with its peers, was being overlooked by the market. Regal's shares traded at around three pounds when the company had an Aim disciplinary ruling hanging over it, and again when it had a tense relationship with the Ukraine government. Greer, who expects the group to return to profit next year, noted that shares now trade at 52 pence, despite those issues being resolved.

Yipes further to the hemscott buy note out digital look have the Broker target as a stonking 180p.

Date Broker name New Price Old price target New price target Broker change

05-May-10 Seymour Pierce Buy 40.75p 180.00p - Reiteration