Regal Petroleum Share Discussion Threads

[j drama] 07/6/2013 09:52

It appears that despite probably their initial thoughts the Ukrainians are no better than the westerners at getting these wells to flow.
It must surely soon get to point where Energees sell out or get serious about trying alternative options / getting in some serious experts.

[buy and hold] 07/6/2013 09:23

hxxp://rs.concorde.ua/search/?q=regal+petroleum+


7.06.2013



Regal Petroleum initial testing on MEX-105 well disappoints

The initial testing on Regal Petroleum's (RPT LN) newly drilled MEX-105 well demonstrated "weak gas flow," the company said in its operations update on June 6. It will perform acid stimulation to improve gas flow rates from the well. Production from the SV-53 well, which indicated an encouraging 1,187 boepd flow rate during initial testing in November, has been stabilized at 56 boepd, Regal said. The company's overall hydrocarbon output year-to-date has averaged 1,526 boepd, flat compared to 1,539 boepd in 2012. The SV-59 well has reached a depth of 3,800 meters and is expected to reach a target depth of 5,470 meters by the year end.

Roman Dmytrenko: The acid stimulation of MEX-105 and workover at the GOL-1 wells would likely allow the company to maintain its current production throughout the year. However, its optimistic target to double output this year is unachievable. With the company's next well to be completed only by the year end, it looks like this will be a year of zero production growth for Regal in the best-case scenario.

[mstaub] 06/6/2013 15:06

such is life!

hold on or...........

[j drama] 06/6/2013 10:09

No such luck!

[buy and hold] 05/6/2013 08:34

Maybe , we'll have some good news on the next Friday!

[j drama] 05/6/2013 07:09

I wonder how much longer it'll be before they put us out of our misery re the latest failed well MEX-105?

[j drama] 26/5/2013 10:51

Ignore the above post, it\'s about the fine from Timis period in charge.

[j drama] 28/4/2013 05:32

So finally they get round to considering fraccing, about time too.
Personally I think the Ukrainians thought that Greer & co didn't know what they were doing or that they were sabotaged & that fraccing wasn't necessary.
Now they have suffered the same problems they will look at going to the expense of getting in fraccing equipment.
If successful it will be a game changer but of course if it fails it will be pretty much the end of any upside for RPT.

[el-tel] 25/4/2013 09:22

Back to my post above , the company seem to play down any positives , which makes me think that a " cheap " offer might come in for the company. Anyway the price has reacted today to the RNS.

[jam2day] 25/4/2013 08:39

$41mln generated $13mln profit - 30%
even at these production levels share price should be a lot higher!!!

[mark knopfler] 25/4/2013 08:23

There must be. Its run by the mafia.

[el-tel] 25/4/2013 08:18

They certainly don't " dress " up their RNS's , its factual with no gloss . I still wonder whether there is a hidden agenda.

[jam2day] 25/4/2013 08:11

Didn,t take them long to come up with this idea should have been done pre energies!!

Although initial flow rates were encouraging, they declined very significantly over the testing period. Testing and monitoring continues, and the well is currently being assessed as a potential candidate for hydraulic fracturing.

[volkswag] 25/4/2013 08:07

RNS out re Final Results - Good old Regal something to put a smile on your face.
Production testing for MEX-105 is planned for June 2013.
Profit for year from continuing operations of $13.0 million.
Cash and cash equivalents held at 31 December 2012 increased to $28.5 million
Outlook - Continued development of Ukrainian asset through new wells, workovers and compression installation.

[volkswag] 24/4/2013 08:09

JD as you say the mms are gradually moving the share price up albeit with little or no trades! Hope springs eternal you never know what's next instore with this share.

[j drama] 23/4/2013 11:40

Sp slowly ticking up again, presumably on back of anticipated MEX-105 results.
I'm sure we'll all be dissapointed again, I'm certainly not holding my breath!

[jam2day] 16/4/2013 12:42

I do not expect one - unless the automated variety

[j drama] 16/4/2013 12:31

LOL, I'd love to see their response.

Up to 23p, kind of strange after yesterday's RNS.

[jam2day] 16/4/2013 11:55

Sent to company with a suggestion that they have someone attend.

peice
Petroleum Institute for Continuing Education

Course Announcement - Introduction to Hydraulic Fracturing for Shale Reservoirs

Jun 11, 2013 - London, United Kingdom View Other dates and locations My Peice Email Delivery Options

This 1-day course provides an overview of the terminology, risks, rewards and options for hydraulic fracture treatments in Shale Gas and Shale Oil reservoirs. The course is intended for those involved with the oil & gas industry who are not experienced in designing wells or frac treatments. The primary focus is on shale but the material also applies to treatments for coal and tight rocks. Actual results will be presented to illustrate the production impact of different treatment designs, and to illustrate why the optimum design varies by area. Information will also be presented on environmental issues and the technical and non-technical information used to select the size, location and type of treatment. Those wishing a more technical fracturing course should consider the "Hydraulic Fracturing Fundamentals for Unconventional Reservoirs" course, and those wishing a broader non-technical review of shale development should consider the "Introduction to Shale Oil and Gas" course.

[j drama] 16/4/2013 09:09

Spread out to 3p.

[buy and hold] 16/4/2013 09:04

An optimistic article(first time imo ) ,from Concorde Capital...and the shortly expectation of MEX-105 results (?)

2013-04-16
Regal Petroleum cuts 2P reserves estimate 5x

Regal Petroleum (RPT LN) revised its proved and probable reserves downward 4.8x to 31.6 MMboe by transferring its previously booked reserves into the contingent resources category, the company said in an April 15 press release. The company's proved reserves were revised downward 5.3x to 7.7 MMboe, based on lower expected recovery factors. Regal's previous reserves and resources update was published back in May 2010.

Roman Dmytrenko: Even after the downward revision, Regal is trading at USD 2.7/boe of 2P and USD 11.2/boe of 1P. With three-quarters of reserves consisting of natural gas delivering a netback of USD 45/boe, we believe Regal still offers a good value, particularly with MEX-105 well test results expected shortly.

[j drama] 15/4/2013 22:35

I wonder if Pope are still buying?
Someone bought 65k today even after the RNS.

It can't be much longer until we hear something on MEX-105.
The longer it goes on, the more you have to think that they have had further flow rates issues.

[mstaub] 15/4/2013 15:35

whatever.

Hold On.....