Regal Petroleum Share Discussion Threads

[buywell2] 04/4/2014 11:47

How much cash left now ?



SP down 60% since I posted this


buywell2 6 Sep'13 - 07:36 - 13912 of 14131 edit

Will the next stage be administration ?



J Drama 6 Sep'13 - 10:38 - 13913 of 14131

What with $30m+ cash in the bank,I doubt it.


Chart confirms Oilies are amongst the most optimistic/(Gullible) of stock punters




Research into where/what countries these companies operate , and the political risks involved might also be worthwhile along with macros that will affect commodities going forwards

[buy and hold] 04/4/2014 11:42

Russia raises price on gas for Ukraine:



The question is "why someone wants to sell his shares in these low prices."

[buy and hold] 03/4/2014 08:06

"For the year ended 31 December 2013, the average realised gas and condensate prices were $415/Mm(3) (UAH3,380/Mm(3) ) and $91/bbl respectively (2012: $420/Mm(3) and $99/bbl respectively). From 1 January 2014, our average realised gas price reduced to $339/Mm(3) (UAH3,051/Mm(3) ) resulting from negotiations between Russia and Ukraine over the imported gas price."

But,the current price is now 385,5$ (apprx.25% up)instead of 268,5$ for the first quarter of 2014 ,as announced yesterday by the Russians.
So, for Regal the new anticipated price will be 25% higher ie 339 x 1,25 =424$.

[j drama] 02/4/2014 22:49

The new gas price realised from 1st April will be lower than the average achieved in 2013.

'It has been announced by NERC that, with effect from 1 April 2014, the internal gas price will increase to $363/Mm(3) (UAH4,020/Mm(3) using the exchange rate at 31 March 2014 of UAH11.09/$1.00) for the second quarter of 2014.
'

[buy and hold] 02/4/2014 12:10

JD
I agree.But how about the taxes for 2013?Because with this procedure they will not pay taxes for their revenue of 2013.Also,we have to take in consideration that even the production rates are stil low ,the prices $/1000m3 move up,after the announcement yesterday that Russia increases (from the 1st April) the price by 40%.
That means Regal will sell the gas more than 405$/1000m3 (the price for the 2013)and not less than 405$/1000m3.

[j drama] 02/4/2014 08:57

The write down is because the amount invested to date (which needs to be depreciated over the term of the lease) can't be fully matched against future revenues anymore because based on the new reserves / production rates etc future projections have been reduced so much.
In no way is that good news.
However in theory if the flow rate success returned to the previous levels, on new wells, the write down could be reversed.

[buy and hold] 02/4/2014 07:36

Investopedia explains 'Write-Down':
"Write-downs are typically reflected in a company's income statement as an above-the-line expense, thereby reducing net income. This, however, is not always a bad thing, since a write-down is simply a paper loss, which, since it lowers net income, will reduce a firm's tax burden. Companies will usually attempt to time large write-downs together, so they can "take a bath" in one reporting period with the hope of quickly recovering in the next period."
Conclusion for Regal's case:imo,the things are not seen so bad...

[jam2day] 01/4/2014 15:39

The Russian energy company, Gazprom has raised the price it charges Ukraine for gas by more than a third.

[j drama] 01/4/2014 09:12

Reduced my holding today, I just can't see Energees getting to grip with the production issues.
Plus with falling volumes & lower realised prices means that next years accounts will have a significantly reduced cash balance.
In 2 years at this rate RPT will no longer be self funding.

Sorry I have lost faith.

[jam2day] 01/4/2014 08:36

JD
Only positive thing:-

Funding of planned 2014 development programme anticipated to be from existing cash and cash equivalents and operational revenues

[el-tel] 01/4/2014 08:22

I think this is being set up for a private buy out.

[j drama] 01/4/2014 08:17

Volumes down.
Prices down.
Margins down.
Underlying profit down.
Cash generated down.
Cash balance down.
Development plan reduced.
Resources reduced.

Did I miss anything?

[j drama] 31/3/2014 07:58

We should get another (dissapointing) quarterly production update this week, can't wait!

[jam2day] 27/3/2014 10:18

This reduction in reserves has to be a result of poor flow rates from recent drilling activities,but can not see how flow rates affect reserves - total recoverable reserves different thing.

[j drama] 26/3/2014 22:05

Ukraine's interim government says it will raise gas prices for domestic consumers by 50% in an effort to secure an International Monetary Fund (IMF) aid package.

An official at Ukraine's Naftogaz state energy company said the price rise would take effect on 1 May, and further rises would be scheduled until 2018.

Ukrainians are accustomed to buying gas at heavily subsidised rates.

But the IMF has made subsidy reform a condition of its deal.

Ukraine currently buys more than half of its natural gas from Russia's Gazprom, and then sells it on to consumers at below market prices.

Yury Kolbushkin, budget and planning director at Naftogaz, told reporters that gas prices for district heating companies would also rise by 40% from 1 July.

IMF negotiators are still in Kiev to negotiate a package of measures worth billions of dollars to help Ukraine's interim government plug its budget deficit and meet foreign loan repayments.

Deal expected
The IMF is also asking Ukraine to crack down on corruption and end central bank support for the Ukrainian currency.

On Tuesday, Ukraine's finance minister Olexander Shlapak said the country was seeking $15-20bn (£9-12bn) from the IMF.

The Financial Times has reported that a rescue package worth about $15bn is close to being agreed, and could be announced as early as Thursday.

An agreement with the IMF is necessary to unlock further financial support from the EU and US.

Financial help is urgently required as Ukraine has been forced to plunder its foreign currency reserves, and the economy is expected to contract by 3% this year, according to the country's finance ministry.

In the US, arguments in Congress over reforms to the IMF have held up plans to offer Ukraine $1bn in loan guarantees.

The EU says its financial support, potentially worth 1.6bn euros (£1.3bn) is contingent on the IMF deal being agreed.

[j drama] 25/3/2014 22:01

At least they're still planning to drill 10 more wells, that's another 10 years of pain & suffering!

[jam2day] 25/3/2014 17:08

More depressing news!!!


The Report estimates the remaining Reserves as at 31 December 2013 in the Visean reservoirs ("B-sands") of the MEX-GOL and SV fields as follows:-


Proved Proved + Probable Proved + Probable
(1P) (2P) + Possible (3P)
------------ ------------- ------------------ ------------------
Gas 8.3 Bscf 50.1 Bscf 71.2 Bscf
------------ ------------- ------------------ ------------------
Condensate 0.4 MMbbl 2.5 MMbbl 4.1 MMbbl
------------ ------------- ------------------ ------------------
LPG 17.4 Mtonnes 105.6 Mtonnes 149.8 Mtonnes
------------ ------------- ------------------ ------------------
Total 1.9 MMboe 11.7 MMboe 17.2 MMboe
------------ ------------- ------------------ ------------------

The Report estimates the Contingent Resources in the Visean reservoirs of the MEX-GOL and SV fields as follows, based on the potential drilling of up to 113 future wells (not currently budgeted):-


Contingent Resources Contingent Resources Contingent Resources
(1C) (2C) (3C)
------------ --------------------- --------------------- ---------------------
Gas 198 Bscf 334 Bscf 519 Bscf
------------ --------------------- --------------------- ---------------------
Condensate 8.5 MMbbl 17.4 MMbbl 32.7 MMbbl
------------ --------------------- --------------------- ---------------------
Total 41.5 MMboe 73.1 MMboe 119.1 MMboe
------------ --------------------- --------------------- ---------------------

The Report estimates the remaining Reserves as at 31 December 2012 in the Visean reservoirs ("B-sands") of the MEX-GOL and SV fields as follows:-


Proved Proved + Probable Proved + Probable
(1P) (2P) + Possible (3P)
------------ ---------- ------------------ ------------------
Gas 37.1 Bscf 146.5 Bscf 230.7 Bscf
------------ ---------- ------------------ ------------------
Condensate 1.5 MMbbl 7.2 MMbbl 14.2 MMbbl
------------ ---------- ------------------ ------------------
Total 7.7 MMboe 31.6 MMboe 52.6 MMboe
------------ ---------- ------------------ ------------------

The Report estimates the Contingent Resources in the Visean reservoirs of the MEX-GOL and SV fields as follows:-


Contingent Resources Contingent Resources Contingent Resources
(1C) (2C) (3C)
------------ --------------------- --------------------- ---------------------
Gas 174.7 Bscf 330.2 Bscf 648.0 Bscf
------------ --------------------- --------------------- ---------------------
Condensate 7.5 MMbbl 17.2 MMbbl 40.8 MMbbl
------------ --------------------- --------------------- ---------------------
Total 36.6 MMboe 72.2 MMboe 148.8 MMboe
------------ --------------------- --------------------- ---------------------

[jam2day] 25/3/2014 10:00

Related to the fracking procedure.Have we/ did we carry out any horizontal drilling?

[beeks of arabia] 22/3/2014 13:34

Best wishes to MStaub - it seems he is quite unwell at the moment in Manila hospital.

All the best to RPTs longest and stupidest investor! ;)

[buy and hold] 14/3/2014 09:34

Spec
From your mouth to the god's ear!

[j drama] 14/3/2014 08:32

I seem to remember that Firtash was behind one of the shareholdings at the time of the Haemoor / Smart bids for RPT.

Spec
I think you can say the same thing about any mega rich person.
Personally I'm happy to be retired at a very early age with a modest annual income. For me the freedom of waking up every day & having the option to do whatever I want is worth far more to me.