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RPT Regal Petroleum Plc

15.325
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Regal Petroleum Plc LSE:RPT London Ordinary Share GB0031775819 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 15.325 14.75 15.90 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Regal Petroleum Share Discussion Threads

Showing 16276 to 16299 of 17925 messages
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DateSubjectAuthorDiscuss
06/2/2014
10:56
Don't forget about the 10,500 m(3) /d of gas per day that can be turned intpo lpg and then sold.
oldtown
06/2/2014
08:09
The shareholders are please to announce that the extra 154 BOEPD has not resulted in a reduction of the SP
jam2day
06/2/2014
07:12
Why are RPT always so pleased to provide sh*t updates?!!

Another failed well, 154 boepd won't even payback the drilling costs.
Energees clearly don't have a clue what they are doing.
I reckon there is less than a 1% chance the fraccing of the next well will be successful with Energees in charge.

MEX-120 & MEX-105 to be fracced & then what?

MEX-120 only produced 78boepd when originally drilled back at the end of Sep-10 so not exactly what you would call a strong candidate.

j drama
03/2/2014
18:36
JD

Or at least get the fracking levels back to pre-takeover days.

N

n13518
01/2/2014
06:45
Nick
To help re your research.
The single most important thing for RPT is increasing production.
They have the funding, the marketing, the political influence & the shareholder backing all sorted out.
What RPT can't seem to do is get the gas out of the ground!
Kind of fundamental I know.

Energees the (54%) major shareholder are pulling the strings but they don't seem to have the technical knowhow even if they have massive financial resources. Energees haven't been in the gas business very long.
If the latest well flows successfully & most importantly consistently the share price will rise significantly (as it will if the second fracced well works).
News is due in the very near future with initial test results from latest well.

RPT is a real punt though so be warned.
As always DYOR.

j drama
31/1/2014
14:09
cheers for the feedback J D and OT. I'll take a closer look. I remember this one used to trade much higher, as you all will.
nick rubens
31/1/2014
12:58
Not only is Regal self funding, but at last count had $27 million in the bank.
oldtown
31/1/2014
11:25
j Drama in my experience market makers manipulate in which ever case especially when as you said volumes are low. They would be on the back foot if significant transactions are done through the market and there is upward pressure in which case they would run with it although they would still manipulate at every opportunity but perhaps to a lesser extent. Don't forget they are there to make money, if the share price is not moving they will not sit still and do nothing, they will do their utmost to create volatility!
scorpione
30/1/2014
22:02
Nick
RPT is self funding & also has the potential to get a loan from its major shareholder Energees.

RPT is on SETS isn't it?
Certainly used to be, therefore MM manipulation is limited.

No one 'records' buys & sells, it's a category calculated by ADVFN based on the bid & offer at the time. Which is why you get 'unknown' transactions.
As I posted if RPT is still on SETS, then a trade around the bid price will be a buy etc.

The trades that go through the market are pretty immaterial when there is so little volume. As we've seen in the past the significant transactions are all done direct between parties.

j drama
30/1/2014
18:35
Speculator, market makers get up to all sort of dirty tricks to outwit investors. Sometimes they record purchases as sales and vice versa; unless one is on the 'inside' there is no way of knowing the true nature of their moves. That would explain why the share price has fallen in this instance. What they sometimes also try to do is scare investors into selling by dropping the price so that they can then pick up shares at lower prices and make a handsome profit to fill a buy order at a certain level. it's another world I am afraid which unfortunately we do not belong to! The best that can happen for us private investors is that Regal really and truly (with or without Energees)once and for all get their act together!
scorpione
30/1/2014
13:13
Is RPT self funding these days or is a cash call on the horizon? It seems to be limping on and on now.
nick rubens
25/1/2014
22:39
4 weeks this Friday coming up since the last RNS, will we get an update on the SV-59 initial testing this week?

Should also get some indication of Energees future plans re drilling etc over the next month or so once SV-59 results are known.
If it's 3 wells & 3 failures what will they do?

I doubt they will have any success fraccing the second well.
Will they try to frac SV-59 if the flow rates are poor again even if they are 0-2 on fraccing?

At what point will Energees bite the bullet & get in some experts or sell out?
If nothing else their failure with RPT is embarrassing not to mention the $100m+ they've wasted!

Not for the first time this year will be a critical year for RPT.

j drama
23/1/2014
23:53
Just goes to show what RPT could be if they got the right technical expertise in.
j drama
23/1/2014
16:43
Cub Energy Chalks Up Record Output For The Seventh Consecutive Quarter From Its Acreage in Ukraine
22 Jan 2014 by Our Oilbarrel Staff

inShare
Print this Article
Cub in Ukraine
Cub in Ukraine
Mention the word Ukraine to some oil people and lights will start flashing and sirens start screaming, metaphorically speaking. No don't go there they will say. It is just too much trouble . Remember the trouble JKX Oil & Gas had in early days when armed Mafiosi invaded the group's offices and tried to seize the company by force. Recollect the hassles Cadogan had with title issues. Think about the constant problems Regal Petroleum has with the geology on its acreage.

TSX listed Cub Energy, which will be presenting at our 64th conference on February 5, seems to have bucked the trend in that it is smoothly building a substantial production and development company in Ukraine. Why should Cub have escaped the normal travails of working in this turbulent country .A clue comes in the company's own description of itself. It says it has a proven track record of exploration and production cost efficiency in the Black Sea region. The company strategy is to implement western technology and capital, combined with local expertise and ownership. Importantly it has nailed a number of political and economic relationships in the country.

Executive chairman and CEO Mikhail Afendikov speaking to Oilbarrel on the phone from California said: "You can tell from my accent that I come from Ukraine. We have hired lots of drillers geologist and drillers from the US and Canada to work with us to take care of the technical side olf things."The company has twelve licences in Ukraine covering 244,000 gross acres (180,000 net) embracing an under-developed and under-explored region. There are four 100 per cent owned licences in the Transcarpathian Sedimentary Basin, West Ukraine.

In the Dneiper-Donets Sedimentary Basin, East Ukraine there five licences, 30 per cent owned by Cub (JV with SEN) and three licences 100 per cent owned by Cub. A fourth quarter operational update said there was a seventh consecutive quarter of production growth, record quarterly production and a 2013 exit rate of approximately 2,070 barrels of oil equivalent (boepd). This was a 35 per cent increase over the company's 2012 exit rate. Average production for 2013 was 1,687 boepd (an increase of 29 per cent over the 2012 exit rate. Eleven new wells are planned in 2014 together with 10 makeovers which will be fracked.

There will be six development wells which will bring gross 2P reserves of 6.9 bcfe on to production. The target incremental net production growth will be approximately 600 boepd. Six appraisal and exploration wells will target 12 bcfe of gross P50 resources. This has the potential to nearly double Cub's existing reserve base.Ukraine has a favourable pricing regime which drives netbacks. Two thousand and thirteen realised gas prices were approximately US$11.71 a thousand cubic feet (mcf).

The 2013 netback was approximately US$7.17. F & D costs of US$1.73/mcf which leads to a recycle ratio of more than 4.6 times. This means as production grows so does cash flow.Cub also has acreage in Turkey; a lot of it. There are 11 licences in Turkey representing 1,163,000 gross acres (581,000 net). Some of this is highly prospective. The emerging Southeast Anatolian Basin is reckoned to have with over 102 tcf of risked GIP and over 87 barrels of OIL in the Dadas shale. Turkey like Ukraine has attractive fiscal terms and a compelling gas price environment with gas prices in excess of US9.50/mcf. Cub has no production in Turkey but has plans for some high impact drilling. At the moment though all eyes are on Ukraine.

jam2day
21/1/2014
22:35
300 tons = 272.155 tonnes = 511.73 k litres per month (76 boepd).

LPG in Ukraine sells for around 0.64€ per litre = $1.35 (Aug-13).
511,730 x $1.35 =$690.8k pm (retail).

Not quite sure I understand whether the 300-350 tons per day is a potential capacity or the volume based on current production (due to translation).
If it is current production then the $8.29m retail sales you would hope adds at least $5m+ to RPT profit?
Retail margins on petrol etc tend to be in the order of a few cents.

Is this really reflected in the current sp?

j drama
21/1/2014
11:16
"Oil of Russia" , 20/01/14, Moscow, 19:07 company Regal Petroleum (UK) introduced the production of liquefied petroleum gas (LPG) in a. Yahniki Lokhvitsky district, Poltava region. This is stated in a statement. According to the report, the LPG will be produced commissioned a plant for the integrated gas preparation (CPCG), which serves Sviridov and Mekhedovsko Golotovschinskoe-condensate fields. At current volumes of natural gas and gas condensate plant can produce 300-350 tons / month. LPG, however, its design provides the ability to handle larger quantities of raw materials. First Party propane-butane were shipped at the end of December 2013 obtained at the Regal Petroleum LPG meets DSTU 4047-2001 for brand LPG (propane and propylene content - 54.9 % butane and butylene - 44.9%). Recall that the main producers of liquefied natural gas in Ukraine are state-owned "Ukrnafta", "Ukrgasdobycha." In 2013, GEA companies produced about 400 tons of LPG. About 90 tons in 2013 to market and put Kremenchug Odessa Refinery. Moreover, 2011 issue of propane-butane adjusted at capacity "Poltava Petroleum Company" (PPC) (p. Sokolova Balka, Novi Sanzhary district, Poltava region. ). In 2013 the company produced 15.47 tons of liquefied gas. In 2012, plans to launch production of LPG in the Crimea declared "Chernomorneftegas." The planned capacity of the plant - 55 thousand tons / year.
oldtown
14/1/2014
22:40
' A number of intervals in the Visean reservoirs ("B-sands") have been perforated and testing is ongoing. A further announcement will be made once the initial testing programme is complete.'


Is it slightly encouraging that testing is still ongoing & another update will be made rather than coming straight out to say the flow rates are low or a small x boepd?
Or am I reading too much into it?

After releasing high results in late 2012 on a well only to see them drop off a cliff later you'd expect them to be a lot more cautious.

j drama
14/1/2014
21:30
JD
Agreed. We have to wait and see.

n13518
14/1/2014
20:14
They must have been bought on block for two reasons.
Firstly they had too many shares to sell into the market & secondly the RNS says they no longer have an interest (I.e no shares) rather than a notifiable interest (less than 3%).
The whole Curzon holding has been shady, it seems that has continued with the new buyer.

We'll possibly have to wait until the final accounts are released, by end of June, to find out who the buyer is. If it was A1 they would have notified I'm sure.

j drama
14/1/2014
16:45
The question is who has purchased these CAI shares? We should have another RNS soon (if bought on block)
n13518
14/1/2014
15:47
Bit late!


RNS Number : 6452X

Regal Petroleum PLC

14 January 2014

14 January 2014

Regal Petroleum plc

("Regal" or the "Company")

Holding(s) in Company

The Company announces that it was notified on 13 January 2014 by Curzon Alternative Investments Limited - CIS Natural Resources Fund that, following a disposal of ordinary shares in the Company on 23 October 2013, it no longer has an interest in the issued share capital of the Company.

vivgav
10/1/2014
12:25
To be fair it was the institutional holders that got the 38p offer not the mngt, they recommended 25p. Only when they realised they wouldn't get 50%+ acceptance did they increase the offer to 38p to get sufficient support.

I agree 38p significantly undervalued RPT which is why I only accepted for the shares I bought at 19p.

j drama
10/1/2014
11:59
JD/Ot I have been invested in RPT since March 2006 with an average of 54p. Still in contact with Rob Wild, our old FD. We got shafted in a big way and the management did well to get an offer of 38p.

I was optimistic with Russian working and hanky panky removed with wells. But have been disappointed with production going into reverse and even fracing yielded not much with Energees expertise.

I did not sell at 38p as I see fair value to be higher.

With patience it might drop down to 10p to 12p or go lot higher.
At this rate Energees management has some questions to answer and sooner or later even the Russians/Ukranian would want a return on their investment.

I wait.

n13518
10/1/2014
10:49
Well you're in a far better position than most holders I would imagine.
It affords you the luxury of being less disenfranchised than the rest of us!

I'll definitely be out if I ever get back to break-even, I can only see that happening if Energees sell out to someone else.

I don't think we'll see 30p this year unless there's an offer. We only have two chances of increasing production this year, the latest well & fraccing. Neither one looks very promising IMO.
I hope I'm wrong.

j drama
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