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

What's driving it down today?

recognition that frank timis still has his smelly and sticky fingers well embedded

OK

Think thats all ready in the price cyners.

Its a very volatile little devil.

Changes from red to blue and vise versa many a time during the trading day. The trend is up though at the moment albeit a contra trend at the moment.

i won't go near this one, any more than i would eme

It's a dead cat bounce.

And still going down !




still thinking about a punt on this one around this price at 35/6 ??

Top performer today.

for how long...

Search me..!

Operation has been suspended in Ukraine. Some funny business going on...

oh dear - has frank timis conned all you mugs yet again?

another dead cats bounce.

Careful now 20p beckons.

Beware Frank Timis still owns 4.44% of RPT...

6 July 2010

Holding in Company

The Company was notified on 5 July 2010 by Safeguard Management Limited, as Trustee of The Timis Trust, that, following a disposal of ordinary shares of 5 pence each in the Company ("Ordinary Shares") on 2 July 2010, it has an interest in 14,136,881 of the Company's Ordinary Shares, representing 4.44 per cent. of the issued ordinary share capital of the Company.

The rise (22%) as predicted I believe by RSI.

Don't tell me this one as well is rocketing....job to follow all this...what a summer....!.

31% at present

worth a read imo

http://www.proactiveinvestors.co.uk/companies/news/19870/regal-petroleum-on-the-brink-of-great-things-19870.html

Link for gibby's post here
Gibby's post