Regal Petroleum Share Discussion Threads

[j drama] 06/7/2013 07:26

We really have wasted nearly 3 years going nowhere, in fact we've gone backwards re production.
Even Greer realised that normal completion techniques didn't work & came up with the 'new method' that produced results at least initially before falling away over months.
Energees can't even get the wells to produce initially at decent rates.

IMO this is a binary bet with a base at 16p. We go nowhere but a long lingering death with no fraccing, or fraccing success. Or a huge upside if fraccing works.
RPT now have 10+ wells that could be fracced with relatively little investment, imagine what would happen if they could get them all to produce 500-1,000+ boepd?!
Yeah right, I'm dreaming again:)

[j drama] 06/7/2013 06:07

Probably taking a long punt that the fraccing plan will go ahead & work.
Don't forget that we were at 16p pre the big +1k production announcement, short up afterwards then fell back to 16p again when it wasn't sustained.

[maloneyt] 05/7/2013 13:41

What's up?? Is it a leak, or more oil coming up ?? 240p here I come!!!!!

[mark knopfler] 03/7/2013 10:06

I guess because if that doesnt work, the future is not overly encouraging.

[j drama] 03/7/2013 10:00

Why is it still under consideration?
Just get on with it!!!

[volkswag] 01/7/2013 22:18

After hours RNS issued: Hydraulic Fracturing under consideration!

Extracts follow:
Re MEX-105: 'further stimulation measures are now under consideration, including possible hydraulic fracturing'.

'Testing and monitoring of the SV-53 well has continued and the well has been hooked up to a new compression system for production. After review of the well data, a hydraulic fracturing programme has been developed for SV-53, and this programme is currently under consideration'.

[beeks of arabia] 01/7/2013 20:51

lucking gud.

[mstaub] 28/6/2013 14:05

bad news why, 50% of nothing is still nothing. i would be more worried if we were producing 100'000 bope pd as is at 1'350 thats less than 700 call it tax for the 2014 and everyone happy. lol.

seems a smart way to reduce potential problems with Russia re winter gas prices rises.

hold on what else to do.....

[buy and hold] 28/6/2013 09:37

Another one , non positive news...according to :

hxxp://concorde.ua/en/research/daily/ukraine-raises-domestic-gas-storage-rates-11109/
Daily News

Ukraine raises domestic gas storage rates June 27 2013

Ukraine's National Energy Regulation Commission (NERC) raised the tariffs for pumping natural gas into state underground storage facilities and for its storage there, the mass media reported on June 26, citing a NERC representative. The total rate for gas being pumped in, stored and pumped out, which was flat since 2006, will increase 3.4x to UAH 112.0/tcm starting the next month, according to media reports.



Last week, the Ukrainian government ordered private gas production companies to pump at least 50% of gas to be produced between July 1-October 15 to the underground storage facilities.



Alexander Paraschiy: The NERC decree is more discouraging news for independent gas producers Regal Petroleum (RPT LN), Kulczyk Oil (KOV PW), JKX Oil & Gas (JKX LN) and Cadogan (CAD LN). Not only do they have to delay sales of half of their products over the next 3.5 months, but they will be additionally charged for this delay. Naftogaz's revenue from this mandatory storage for private producers at new rates will be only about UAH 41 mln. The maximum benefit of Naftogaz from higher tariffs till the year end will be UAH 0.4 bln, we estimate, which is little compared to the deficit that Naftogaz seems to have this year.



In particular, Interfax reported on June 26 that a draft of Naftogaz's 2013 financial plan, prepared by the Energy Ministry, estimates a UAH 32.2 bln cash deficit. Of this amount, the state budget covered only UAH 8 bln. The government has refused to approve Naftogaz's plan since it demands extra financing from the state budget of UAH 24.2 bln. So we should be prepared either for a long-anticipated gas tariff increase for households and heating companies, or some other creative measures from the government that will allow for financing the Naftogaz deficit at somebody else's expense.
- See more at: hxxp://concorde.ua/en/research/daily/ukraine-raises-domestic-gas-storage-rates-11109/#sthash.tWVGckBI.dpuf

[maloneyt] 20/6/2013 10:56

mstaub.....
When I get my money back from RPT,I shall join you on the island, If I am still alive at the rate the share price is going !!!

[mark knopfler] 19/6/2013 16:51

Does she have a pulse ?

[beeks of arabia] 19/6/2013 16:33

Your bird certainly looks bangable as well :)

[mstaub] 19/6/2013 01:26

i never paid 2.40 my bep is 70p i bought the last chunk at 12p. will hold make or break.

life is good here on Boracay Island try google and you wil see what i mean my 1 bed room traditional Nipa house with water and elec is £350.00 a month and the beautiful beach and ocean are free....

Bottle beer ice chilled beach front is 90p Tagay.

Any takers??

Hold on.

[beeks of arabia] 18/6/2013 21:39

What about the ones who fell in and bought at 240p years ago, and are still waiting


aye - where is mstubby?!

[bishan bedi] 18/6/2013 21:21

from todays times, immediately thought of you chaps

"Valiant managed to report ten dry wells in a row"

[n13518] 10/6/2013 12:44

I was intrigued to read that Centrica may take a stake in UK's largest Shale Gas extracting company. I am sure someone must be interested in RPT's confirmed gas reserves. The legisaltion in Ukraine must be somewhat relaxed than ours in UK.

[buy and hold] 10/6/2013 11:51

Energees has invested aprox. 173.000.000 shares x 0.38 GBP = 65.740.000 GBP for acquiring Regal shares and for 3 years 2011-2012 ,they had 0 income!
0 ,00 GBP DIVIDENT!
Even a Ist year student of economic studies would be doing better things with so many money in cash....
Mind that, the current rates are > of 3%-5% per annum ,for this big amount of cash.
When get they back their money ,plus some profit?
IMO this is never will be happen, after three years of trying and again trying....
So ,all ways show that the only job they will make is to find someone to sell this asset asap.
About us - the remaining share small holders - the good situation will be a merger price of 40 pence plus...with the bad 20 pence (imo this scenario has little possibilities.)

[j drama] 07/6/2013 11:45

I agree Spec. That have a fraccing plan formulated but yet they're still deciding whether to implement it!
Come on, what's the hold up?
It's not cash that's for sure, we can only hope that the decision is whether just to do one well or something more widespread.
Consistently Energees seem to get to a point where it's always at least next month before they start on their next stage not straight away, very strange.

[jam2day] 07/6/2013 10:48

JD

They have more than enough information for a comprehensive resavoir model.
Pointless just drilling for the initial high flow rates stabilising at less nthan break even.
SV 53 should be put in a fraccing program pronto to establish the fields potential
50 boepd can only be improved on!!