Regal Petroleum Share Discussion Threads

[thejesusofshares] 24/9/2013 09:42

The 2nd rns last night does not show curzon selling its stake to A1 it shows Curzon Alternative Investments Ltd reducing from 26% to 21%.

[ryan83] 24/9/2013 09:09

The RNS does read quite bearish - is this a ploy? Whatever.

What is fair value here?

6 months profit = $2.1m
cash at 22 Sept = $24.6m
Market Cap = £48.9m / $78.3m

NAV = $47m
Net Assets = $287m

[j drama] 24/9/2013 09:01

"We do not rule out that we may invest more in this company. We believe it has potential to increase its market capitalization and think that we can make the management more efficient in the interests of all shareholders," he said.
Interesting comment.

So Curzon have sold part of their holding to A1 & have about 5% left.
With 24.4% A1 should get seat on BOD, interesting times ahead...

[j drama] 24/9/2013 08:45

Volks
There was a second RNS yesterday confirming Alfa buying Curzon's sold shares.
Yes more to follow this week.

[volkswag] 24/9/2013 08:25

Wasn't it first mooted last December that Alfa Group were planning to buy a stake in Regal Petroleum, furthermore weren't some of their shareholders part of the AAR consortium which sold a stake in TNK-BP to Rosneft?

Also I note that yesterday's RNS shows Curzon Alternative Investments Ltd / CIS Natural Resources Fund had reduced their holdings by some 7% down from 28.65% to 21.35%, presumably further RNS' to follow.

[madjock2] 24/9/2013 07:24

That report basically sais "we are holding our own, just. But we wouldn't recommend doing business in this cesspit to anyone as they are a bunch of crooks in the Ukraine".

[j drama] 24/9/2013 07:17

Interim results out, pretty much as expected.
Commentary seems very defeatist to me or very realistic.

'The SV-53 well has produced at modest rates, using compression, and is shortly to undergo a hydraulic fracturing programme'

Still not started but at least confirmed it will soon!

[j drama] 24/9/2013 06:10

It's been pretty clear that about 1-2M shares have been bought up over the last week or so, it'll be interesting to see whether they end up being for A1.

[buy and hold] 24/9/2013 05:13

Daily News

JKX and Serinus raise gas output, Regal decreases in August September 10 2013

Two out of three Ukraine-focused gas E&P companies boosted their output in August, according to the Ukrainian Energy Ministry's preliminary data released on September 9. JKX Oil & Gas's (JKX LN) average hydrocarbon output from its Ukrainian assets amounted to 4,946 boepd in August, 7% higher than its 1H13 avearge.



KUB-Gas, a 70% Ukrainian subsidiary of Serinus Energy (SEN PW), raised its output 6% (to 4,810 boepd) in August compared to its 1H13 average. Regal Petroleum's (RPT LN) average hydrocarbon output was 1,396 boepd in August, 9% less than average in 1H13.



In 8M13, KUB-Gas increased its gas output 28% yoy, while Regal's output fell 5% yoy and JKX plunged 31% yoy. Total production of natural gas in Ukraine increased 3.0% yoy to 13.39 bcm in 8M13.



Roman Dmytrenko: The Energy Ministry data suggests JKX has likely overcome its multiyear period of declining output from Ukrainian assets, and we now expect a positive update on the company's recently fracked R-103 well by the end of October. The drop in Regal's output is of little surprise, considering the disappointing flow rates from the company's new MEX-105 and SV-53 wells.



Gas production in Ukraine should increase 7.4% yoy in 2013 to 22.05 bcm, based on the government's plan. Yet with the available production data for 8M13, we see producers will underperform by about 0.7 bcm. That will require the government to import additional gas (on top of the 27.3 bcm planned for 2013), unless it decides to revise its gas accumulation plan downwards or the Ukrainian economy uses less gas this year.
- See more at: hxxp://concorde.ua/en/research/daily/jkx-and-serinus-up-gas-regal-decreases-in-august-11393/#sthash.V2irHI4e.dpuf

[j drama] 23/9/2013 22:55

Here's a thought.
Has the fraccing program been delayed so that RPT/Energees can utilize A1's expertise?

Maybe the Interims will include something on a new partnership with A1?

Lots of guesswork & desperate hoping that anything will get the share price up so I can back to BE!!

[j drama] 23/9/2013 22:32

This looks like the beginning of the end to me.
A1 will IMO end up buying out Energees triggering another offer for the remaining PI & Pope shares.
What would be the price?

Would Energees & A1 get together & delist?
A possibility, if Henry quits I'd start getting really concerned.

[madjock2] 23/9/2013 16:24

Wow! Crossing the 3, 4, 5, 6 and 7% barriers in one go. Impressive stuff.

[jam2day] 23/9/2013 15:20

Would have thought that would have forced an rns ?
Edit or this
MOU last week?

Russia's Alfa Group unit to buy stake in Regal Petroleum uk.finance.yahoo.com
A1, an investment unit of AlfaGroup, plans to buy 28.6 percent stake in Regal Petroleum, a company with operations in Ukraine, Interfax newsagency reported on Friday, citing a memorandum of understanding. ...

Its a big hitter:-

Alfa Group Consortium (Russian: Кон;соl8;ци 91;м «Алn0;фа-
043;рупп») is one of Russia's largest privately owned investment groups, with interests in oil and gas, commercial and investment banking, asset management, insurance, retail trade, telecommunications, water utilities and special situation investments. Alfa Group's portfolio of companies includes Alfa-Bank, TNK-BP, VimpelCom, X5 Retail Group, A1 Group, Alfa Capital Management, AlfaStrakhovanie Group, and Rosvodokanal Group.

[j drama] 23/9/2013 07:48

Only a maximum of a week until finally an update with the interims.
What's the betting they still have a 'hydraulic fracturing programme (that) has been developed' but they've done sweet F A with it?!

[j drama] 13/9/2013 00:45

Another 400k changed hands, who's buying?

[mister md] 06/9/2013 13:27

though not according to this:

e following parties had interests of greater than 3% of the issued share capital of the Company as at 30 June 2013:

Substantial Shareholder Number of shares % of issued ordinary share capital
Energees Management Ltd 173,128,587 54.00
Curzon Alternative Investments Ltd - CIS Natural Resources Fund 91,868,182 28.65
Pope Asset Management 25,658,991 8.00

So far as the Company is aware the percentage of the issued share capital that is not in public hands is 82.65%.

[mister md] 06/9/2013 13:22

Alfa oligarchs plot new oil future through stake in Regal Petroleum
Mikhail Fridman is preparing to carve a new path in the oil and gas industry through a stake in Aim-listed Regal Petroleum, as the oligarch exits BP's Russian joint venture TNK-BP.


did this never amount to anything ?

[mister md] 06/9/2013 13:18

after the last few days you'd think there'd be loads available at low prices, but there isn't and small buys are lifting the shareprice.
All those sells must have found a new home - holdings RNS due ?

[j drama] 06/9/2013 10:38

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