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

It's been said for a long time how totally incompetent Greer was and how he bulshitted and never told the real picture or the truth. It has been laid bare to see now, Greer probably fortunate enough to only be kicked out, I is almost certainly liable for a lot lot more that we don't know about. Bet he won't be flashing around on Bloomberg and the other media now.

2x 1 million buys gone through.

Once again can't get an online quote to go long.

Based on previous experience this could mean the sp is about to rise

live price is 14.75/15.00 (+2 on day)

i see the t/o rumour is floating around again

A good rise today, on breaking through 20p could signal the end of the downtrend

perhaps t/o rumour is gaining legs - but whether or not there is any truth behind it is another matter (RPT does not have that word in its dictionary!)

This is another dodgy company like Desire Petroleum, twisting their words all the time.

according to ST, directors have agreed a 24p t/o deal subject to shareholder approval ... pity the poor long-term holders of this crooked company who saw their shares at about 500p a few years back

expect sp to pull back on monday from friday's close ..... white knight to appear? .... why should one?

440 posts in 7 years!!!!!
Cynic why do you think it will drop seems to me 24p will be min support currently after rns!

why do you think anyone will offer more than 24p? ..... sp closed slightly above that, and i would expect sp to fall back to 21/22 to account for uncertainty and time discount

Possibility of a battle between two bidders.

zero/none! ...... i rashly bought a smallish number a week or so ago, and have more than happily banked the profit at 26

What a beautiful 5 year chart.