Regal Petroleum Share Discussion Threads

[kingyon1] 12/3/2012 17:10

Looks to me like bored pi's selling. With no share price drop I assume someone wants them, still a waiting game here i'm afraid.

[j drama] 08/3/2012 06:28

Indeed.
I'm hoping that when the accounts are released & they show how profitable RPT are now (high sales price, lower UK overheads etc) that the financial community will see how undervalue RPT is.

[j drama] 07/3/2012 19:46

Spec
When you spoke to Henry did he indicate whether the update would be made after the completion of some of all of the planned workovers?

It would make sense to wait until the workovers are complete as inevitably the production will drop temporarily while offline to complete the work & releasing production rates during that period would be misleading.
Better to say 'average production during March was X boepd during which time wells were offline for workovers. Production at the end March was Y boepd as a result of completed workovers'.

[j drama] 05/3/2012 07:08

Latest JKX well in Ukraine has produced very good flow rates.

[j drama] 03/3/2012 00:29

As I posted previously I don't expect any significant movement until the release of the accounts in Jun & then Sept.
One problem with the lack if liquidity is that it discourages any institution from buying because they simply can't get the shares.

[volkswag] 02/3/2012 11:29

JD: Ok that would explain it, I must admit the shares do tend to be somewhat illiquid given the majority are in 'safe' hands. That said I am disappointed this share what with all the 'positive' news since the takeover was completed is not north of 50p DYOR

[j drama] 02/3/2012 11:12

I think it's down to the lack of liquidity volks.
Often you can only get firm quotes for quantities like 15K on RPT so the brokers break up the trades into smaller blocks to get a better price, spreading the buys across different MMs.

[volkswag] 02/3/2012 11:03

The share trading pattern is weird you can go hours without a share being traded then two buys or sells pop up within a minute of each other, what's up doc!

[j drama] 02/3/2012 10:58

Volkswag
Last time it ticked up from 27.5p to 32p the spread narrowed like, that so yes probably orders being filled.

[volkswag] 02/3/2012 10:55

We have an unusually narrow spread for Regal at the moment 30.5 : 30:75. Are the mms after stock and encouraging people to trade? The spread is normally atleast 1p discouraging people from buying &/or selling the shares, is something up?

[buy and hold] 02/3/2012 06:20

Good morning and month(march)!

[j drama] 27/2/2012 09:44

Wake up it's an ADVFN error that's effecting a number of companies (e.g. GMG).

[mstaub] 27/2/2012 09:24

whats with all the out of date up dates?

Oh well its Regal nothing new always a few years behind the others!

Hold on or push off!

Mhhhhhhhh let me think a moment....

[mstaub] 23/2/2012 08:31

opps sorry!

Hold on

Well heres hoping......

[j drama] 22/2/2012 08:35

Yes RPT bought compressors & were going to upgrade processing facilities to improve production levels.

It's difficult to judge what level is realistic without individual well production numbers.
How much will be the average production per well be?
The reserves number was based on a level around 700-750boepd per well, I suspect the worked over wells will be closer to half that level.

I wouldn't expect the share price level to change dramatically until the results are released around end June & the interims around end Sept. At least then we will get a decent detailed update!

[volkswag] 22/2/2012 08:21

Before the issue with licences and the subsequent takeover arrived weren't Regal exploring the use of compressors to improve production flows? As regards achieving 2,890 BOEPD in mid 2013 hopefully this target will be on the horizon by the year end. DYOR

[j drama] 22/2/2012 01:42

So that's about 1,130 increase from all the workovers & 2 wells, not exactly a challenging target IMO.
400 per well plus 330 from workovers should be fairly easy to achieve (without 'technical issues') you would think?

At current prices that would produce revenue approx $60m-$65m & OP of $30m-$35m.
£20m profit on PE of 12 would equate to market cap of £240m & share price of 75p
FYI current share price on current production levels is at a PE of around 12.

So as I posted before critical issue is increasing production.
I'm still hopeful workovers will yield a production greater than 2,080 boepd (1750+330) but that would be a good guideline for updates this year.