Regal Petroleum Share Discussion Threads

[soggy] 25/2/2013 13:05

Yep, that's a rollover. 2 seconds apart, the same amount - looks like a rollover to me.

[j drama] 25/2/2013 11:07

Yes & both buys!
30k but no movement, not in even the spread.
Strange, it's almost as if everyone's waiting for something.....

Edit
Unless it was a rollover, then it would make sense?

[buy and hold] 25/2/2013 10:25

At last -afer two zero days-we have some trades!

[j drama] 23/2/2013 00:17

It seems that RPT are happy to just release monthly production numbers at the start of each month.
Whether that is good news ( SV-53 flow rates are as before therefore no need to update the market) or bad (no material increase in production from 1.5k boepd) who knows.
I'll be very happt if the Feb production numbers are 2.5k boepd with MEX 105 still to come, not long to wait either way.

[buy and hold] 22/2/2013 09:48

The following comment is from Concorde Capital:

Regal commences drilling on new SV-59 well, yet to update on SV-53

Regal Petroleum (RPT LN) commenced drilling its new SV-59 well, the company announced on Feb. 21. The drilling is expected to take about ten months to reach a target depth of 5,470 meters. Should it test successfully, the well will be tied-in for commercial production in 1Q14.

Roman Dmytrenko: The spud of new well looks encouraging for Regal, but we are looking forward to hear more news, specifically on the commercial flow rate from its SV-53 well. Recall, Regal tested its SV-53 well at 1,187 boepd in November and revealed a plan to hook it up to its natural gas processing facility in February.

[deanroberthunt] 22/2/2013 09:18

no advice intended

wallywoo
14 Feb'13 - 15:41 - 1083 of 1090 0 0

Appears on todays free share tip:

Buy JKX Oil & Gas says our newest tipster Doc Holliday
Buy: 62.25p Target 80p

JKX Oil & Gas is a FTSE 250 listed Production and Exploration company with principle assets in Ukraine, Russia and Central Europe. Its portfolio now extends to 14 assets with activities spanning the full-cycle E&P value chain from exploration, appraisal and development through to production.

The company has a share price of 62.25p with a market cap. of around £107m but we have to look closely at the story here and the reason for its recent share price decline. JKX Oil & Gas shares seem to have been struggling to tread water between 69p-78p for a number of weeks.

After technical setbacks in Russia and failure to meet forecast and expectation with production contracting 11.8% overall from Oct 2011 - Oct 2012 the shares slipped from 180p in the early part of February 2012 down to a 55p low in February 2013.

The value here is broadly based around technicals and fundamental perspective's via the usual layman format I convey. '' As I flick through the Maverick Journal of 84' we look at the assets JKX holds:"

Shares in issue 171.67mill

Net Tangible Asset Value 181.1p

Net Asset Value 189.92p

Price Earnings around 2.8

Price to Tangible Book 0.37 (One of, if not, the lowest on FTSE)

Bloomberg Median Estimate Target Price 137.50p (Upside +110%)



Cash at the last accounts release was £6.5m but a with recent fund raising (£25m via bonds priced @ 87.425p) it is now considerably more.

Revenues from the last full year £150m with profit before tax circa £50m

Fore casted £135 million revenue to end 2012 with Pre Tax profit £38.7m

At interim stage Revenues £65m with pre tax loss £400k

The slack start to 2013 should see a taut move with the company announcing successful placing of convertible bonds at 87p raising $40m.

Last director Buy: Cynthia Dublin 40,000 at 80p Oct.2012

We also have the company announcing an Elizavetovskoye reserve upgrade,Rudenkovskoye Multi-Stage Frac Update where CEO Paul Davis said '' This is one of the most important projects in the JKX portfolio and has the potential to kick-off the full-scale development of our largest licence in Ukraine''. Also the update of the upgrade equipment in transit to PPC demonstrates further potential increase in product streams from Novo-Nikolaevskoye plant.

For the more rough backed riders of the stock market I'll put it this way, the company has assets valued at much more than the current share price coupled with a decent cash position and a recovering production and revenue stream which is becoming buoyant once again.

From a TA point of view the shares fell to 55p and were well oversold, Currently we have a company caught in a negative vacuum based around activities that are being remedied and for this reason i suggest a position at the current level will reward the investors is as stated.

Chief Executive, Dr Paul Davies, called operating results for the first half of the year 'solid' with strong gas and LPG realisations in Ukraine offsetting the shortfall in Russian production and associated revenues. "We anticipate the modest decline in production levels in Ukraine through year-end being more than offset by a rising contribution to group production from Russia,"

I see some resistance at low 70's with a tidy leg back up to the relative price of 80p consoling shareholders and reigniting investor confidence during the first half of 2013. The time to buy, at 62.25p, is today!

For more thoughts from small cap investor Doc Holliday you can follow him on twitter @DDS_Doc_Holiday

[j drama] 21/2/2013 23:22

A surprising update to say the least, I was expecting something with at least production figures.
Last year RPT announced their 2012 drilling campaign (the two current wells), what I expecting was
a) production numbers for Jan (including SV well in full production)
b) flow rates for new MEX well
c) an announcement re 2013/future investment.

I guess we'll have to rely on google for snipits from the energy conference presentation!
It's a bit difficult to know what the reaction to the new spudding will be when we don't know how successful the last two have been:-

[volkswag] 21/2/2013 21:42

J Drama, as suggested you have your update of sorts, with this evenings RNS announcing the spudding of the SV-59 well.

I can only assume this is a continuation of the investment programme referenced in 2012 with the SV-53 & MEX-105 spuddings, and the development of its MEX-GOL and SV fields.

[jam2day] 21/2/2013 18:12

Ill let you Know in 12 months!

[targatarga] 21/2/2013 17:30

a nice deep hole, lets hope it goes smoothly....

[j drama] 17/2/2013 05:17

Energees director presenting at Ukrainian energy conference next week so I expect an update before then i.e before the end of Friday 22nd Feb.

[mark knopfler] 13/2/2013 16:12

nice try, but I suspect regal has been taken off most people's radar and put in the cupboard marked 'never touch again'.

Thats not to say you're wrong, but its widely seen as damaged goods.

[kingyon1] 13/2/2013 14:08

Looks like more peeps are going to be trapped in here, be careful

[j drama] 03/2/2013 21:37

What about JKX, being totally destroyed despite producing 8,000+ boepd.

[jam2day] 03/2/2013 20:05

Helloo beeksey.

a little under the red wine attack - but have to say that this will come good
Shell are still sniffing arround the area Shale gas is the treason why will not get the real value -But good to exit at 50p ie give the crooks 250p shell are no mugs-they never offered 300p for a few old tired wells.producing at best 3000 bopd They never were after the present plays knowing full well the complications pre Greer,s debarcle that the real money was in the shale?
/coal gas deposits.

[wantmorethan24p] 02/2/2013 10:46

anyone here in CAD...
??

another Ukarine stock which is getting hammered..reminding me of regal a few years ago.

definately RPT mark 2...

someones going to be making a lot of monies on that one.

i remember this one when it hit around 12p all them years ago.

[beeks of arabia] 02/2/2013 08:59

I thought you'd like it Tubs!

Hope you are enjoying life and keeping well. You are the patron Saint of RPT!

[mstaub] 02/2/2013 07:35

Yes still holding on!!

beautiful weather here to-day blue skies, cool ocean blue water and
frozen Margarita's what more can you ask for, oh yes, wake up and get the Sp up over £1.20 so i can break even after 5 years.

Nice weekend all you LTSH.

Enjoy the beach opps sorry the snow!!!!!! hahahahahaahahahaha

Anyone for polish language lessons i understand it is now the second non-official language in the UK, oh dear..

thanks for the Pic i think i look cool!

[j drama] 01/2/2013 07:12

Could we see an update on Monday?
The last update was issued on the second working day after the month end.
I guess it all depends on whether SV-53 is now in stable production & whether MEX-105 has completed it's initial testing.
Either way shouldn't be too much longer.

[mam fach] 29/1/2013 22:39

More topping up today again.

[buy and hold] 29/1/2013 11:49

In recent months-after the announcement by A1 that intends to buy the Curzon's stake-there is a play with share price moving between two limits 36.25 and 28.5 pence.
I think that move we'll see some times until to have any news .

[j drama] 29/1/2013 09:08

Looks like someone's put the decimal place in the wrong place on two trades.
25K at 0.335p & 37.5K at 0.3333p, someone picked up a huge bargain:)

[j drama] 29/1/2013 08:50

Strange that there hasn't been a RNS holdings change despite A1's statement about 'doing the deal' before the year end.
Perhaps Curzon are holding out waiting for the next production update/new MEX well to get a higher price?

As Spec posted, I expect a production update early to mid Feb including the latest SV well plus the initial flow rates on new MEX well.
Not to put too much emphasis on how important this update is to the future of the company but IMO it's huge.
Based on initial new SV flow rates plus an average flow for the new MEX well Q2 production should in excess of 3,000 boepd, unless the initial flow rates have flattered to deceive again!

[mark knopfler] 28/1/2013 17:53

Are you still holding on, mstaub ?