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Regal Petroleum (RPT)     

Andy - 22 Jan 2003 17:51

shelltop.JPG

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.


chart.asp?symb=uk%3Arpt&compidx=aaaaa%3A


Corporate website : www.regalpetroleum.com

goldfinger - 17 May 2010 10:39 - 401 of 448

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.

Chart.aspx?Provider=History&Code=rpt&Siz

Master RSI - 17 May 2010 10:39 - 402 of 448

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

goldfinger - 17 May 2010 11:05 - 403 of 448

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.



goldfinger - 17 May 2010 11:32 - 404 of 448

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

goldfinger - 18 May 2010 10:18 - 405 of 448

Pretty cheap stock when you consider forward P/E to 2011 is only 7.7 and the NAV figure for the same period is 71.76p per share. Forecast NAV will also move up markedly on news of developments.

Truly undervalued.

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 -20.08x 15.64x 7.74x

PEG f f 0.08f

Net Asset Value PS p 65.88p 71.76p

The Other Kevin - 18 May 2010 10:28 - 406 of 448

What's driving it down today?

cynic - 18 May 2010 10:32 - 407 of 448

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

The Other Kevin - 18 May 2010 10:36 - 408 of 448

OK

goldfinger - 18 May 2010 10:57 - 409 of 448

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.

cynic - 18 May 2010 11:01 - 410 of 448

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

hlyeo98 - 18 May 2010 12:20 - 411 of 448

It's a dead cat bounce.

smiler o - 19 May 2010 09:21 - 412 of 448

And still going down !


Chart.aspx?Provider=EODIntra&Code=RPT&Si

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

mitzy - 07 Jun 2010 08:25 - 413 of 448

Top performer today.

Balerboy - 07 Jun 2010 08:28 - 414 of 448

for how long...

mitzy - 07 Jun 2010 08:40 - 415 of 448

Search me..!

hlyeo98 - 28 Jun 2010 13:05 - 416 of 448

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

cynic - 28 Jun 2010 13:07 - 417 of 448

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

mitzy - 28 Jun 2010 14:56 - 418 of 448

another dead cats bounce.

mitzy - 29 Jun 2010 14:02 - 419 of 448

Careful now 20p beckons.

hlyeo98 - 06 Jul 2010 16:16 - 420 of 448

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.

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