Regal Petroleum Share Discussion Threads

[buywell2] 06/9/2013 07:36

Will the next stage be administration ?

[j drama] 06/9/2013 03:35

Well someone managed to sell 1m shares at 12p yesterday.
I'm not sure what's more surprising that a seller was desperate to take that price or that there is a buyer willing to buy them!

I just hope that if they do start fraccing that they get in some external competent consultants to do otherwise the field could be irreparably damaged.
Not much longer until the interims, as I posted before expect the current quarter production to be lower that 1,500 boepd.
Plus the latest well not to flow & the workovers to be ineffective (as per the previous ones).

A Holdings RNS soon?
Curzon, Pope or both?

You'd think at this price Energees would use some of the $30m+ in the bank to buyback some of the shares, it would by default increase their % holding if cancelled.

[buy and hold] 05/9/2013 09:34

God save us with this share...

[j drama] 04/9/2013 19:52

The 155k will be a delayed sell, seems like someone either knows something or as you say has had enough.
Any chance you could give Henry a call a find out what's happening with the fraccing?

I suspect the production for Q3 will be below 1,500 boepd when announced.

[j drama] 03/9/2013 11:26

If you look at the last 3 average production numbers for cummulative H1 you'll see the production has actually gone down towards the end of H1 rather than up unfortunately.
I can only see a possible turnaround with a successful fraccing programme.

[j drama] 03/9/2013 05:26

At least we have to get an update by the end of this month, the interims have to be released by 30th Sep.

[j drama] 30/8/2013 12:26

I some how doubt the share of the licence RPT had made up much of the sales price.

[mark knopfler] 30/8/2013 11:51

Long termers will remember that we sold our interests in Egypt to Apache a few years ago.

What a great decision. I mean, with all thats going on in Egypt, who would invest there ?

Oh hang on a second, these people would:

Apache to sell 33% stake in Egypt business to Sinopec for $3.1B. Apache (APA) has agreed to sell a 33% holding in its Egyptian oil and gas business to Sinopec (SNP) for $3.1B. The move continues Apache's strategy of rebalancing its portfolio towards projects with predictable growth and attractive rates of return. The company's Egyptian assets are located in remote areas and have remained unaffected by the political events in the country. Apache's shares rose 3.4% in post-market trading.

[j drama] 30/8/2013 04:33

Will we get an update this year that finally confirms the start of fraccing?!

[mstaub] 09/8/2013 01:10

jkx frac report update.



sound tricky but loks to be a viable solution.

hold on...

[j drama] 02/8/2013 23:48

Will we get an update next week that finally confirms the start of fraccing?

[cascudi] 31/7/2013 14:57

thanks Soggy for the info

[flyingbull] 31/7/2013 10:02

The August oil stock challenge is still open for entries. Deadline for entries is midnight tonight!



Good luck!!!

fb

[j drama] 31/7/2013 03:32

The 'sp' is usually the mid price between the bid & the offer.
If either of these change by orders being added or removed from the order book then the calculated mid price or 'sp' will change.

[soggy] 29/7/2013 21:40

I don't see any change in the SP, but the job of a market maker is to make a market and if they aren't doing any business they can move the share price up or down, widen or narrow the spread, to try and entice a buyer or a seller. Or they may have someone with an order in the background, either buy or sell, which they're trying to tempt others to come out and fill.

Then again...it might just be pixies moving the numbers up and down in the computers.....

[cascudi] 29/7/2013 20:12

apology for my ignorance but how is it possible for the share price to show a 5% increase if there haven`t been any trades?

[j drama] 20/7/2013 04:42

Thanks, just being lazy.

[jam2day] 17/7/2013 02:45

JD

From Regal web

The field is located, geologically, towards the middle of the Dnieper-Donets sedimentary basin which extends across most of north-east Ukraine. The vast majority of Ukrainian gas and condensate production lies within this basin. The reservoir comprises a series of gently dipping Carboniferous sandstones of Visean Age ("B-Sands") interbedded with shales that form stratigraphic traps at around 4,700 metres below the surface, with a gross thickness between 800 metres and 1,000 metres. Analysis suggests that these deposits range from fluvial to deltaic in origin. Below these reservoirs is a thick sequence of shale above deeper, similar, sandstones which are encountered at a depth of around 5,800 metres. These are of Tournasian Age ("T-Sands") and also sandstones from the older Devonian Period ("D-Sands").

From:-
hxxp://www.ogj.com/articles/print/volume-111/issue-02/regular-features/journally-speaking/ukraine-eying-shale-gas.html

EIA said "promising shale gas targets" can be found in "the southeastern extent (from Poland) of the Lublin basin into Ukraine and the Dnieper-Donets basin in Ukraine."


ARI applied play success factors, prospective area success factors, and composite success factors to shales of Visean age in the Dnieper-Donets basin and shales of Silurian-Ordovician age in the Lublin basin.

PS

To maximise gas production using fraccing horizontal drillng would be required

PPS

hxxp://blogs.terrapinn.com/shale-world/2013/06/21/ukraines-shale-gas-developments/

[j drama] 17/7/2013 00:02

Do the RPT licences actually cover 'shale' deposits?
I know you can use fraccing regardless.