Regal Petroleum Share Discussion Threads

[prambigear] 22/12/2014 13:56

Haven't looked at this for a couple of years....... nice chart..... If you could turn it upside down.

[buy and hold] 11/12/2014 19:36

I still await the appearance of the Authorities of LSE to search how a share with volume of 500000 in one month lost 33% when the total issue is 320 mil.
Who sells and who buys in these levels?
And all this happen in a price bellow the IPO price ie. 60 pence!
When someone has bought with a price of 80 or 150 and paid for example 100000 pc x 100 = 100000GBP how he can sell at 4 or 5 to take only 4000 or 5000 GBP.
Its a little dificult for him.
IMO nobody would did it from "real" share holders.
So,someone with a very few money ie. 500000p x 0,055(mean value)= 27500 GBP can manipulate very easy this share.
Today with 0 volume the share lost 10%...!
What these guys intend to achieve?
With this trend very soon we will see price of share sub 1 pence...and final a big zero?
Someone must stop this unexplained fall.
And I think it comes the moment for the Authorities.
BTW:Where is the BOD , to buy some shares in order to support their company?

[stonefold] 11/12/2014 10:29

There is a court case tomorrow. Seven companies challenge the government's decision to force top 150 industrial gas comsumers to only buy from Naftogaz.

[mstaub] 10/12/2014 22:09

FYI

this was the Ukraine trying to get customers to buy only gas from the state company not sure if we will comply as we sell direct to our customers and not sure if it includes our LPG though.

OR IMMEDIATE RELEASE

JKX OIL & GAS plc ("JKX" or "the Company")

Ukrainian Emergency Legislation: Impact on Ukrainian Gas Sales

The Ukrainian Government issued a decree on 29 November 2014 directing major industrial buyers to acquire their gas solely from the Ukraine state-owned gas company Naftogaz during the three-month period commencing today. A number of these named entities were previously contracted to receive gas produced by JKX's Ukrainian subsidiary in the period.

The Board of JKX will assess the impact of the decree and the actions required by the Company to reduce its impact on operations in the Ukraine. JKX has placed some of its December gas production with industrial customers who are not named in the decree.

The Board of JKX currently believes that the Company's gas sales in Ukraine may reduce by up to 50% in December, and this will necessitate shut-in of a proportionate level of gas production.

A further announcement will be made in due course.

JKX Oil & Gas plc is an exploration and production company listed on the London Stock Exchange. The Company has licence interests in Ukraine, Russia, Hungary and Slovakia.

ENDS

[buy and hold] 08/12/2014 20:14

Speculator6
I agree with you 1000%.I observ that this share with a very-very -very low volume has the biggest loses that would have been a share.
We can see for example today with only 69.000(320 mil in total!!!) pieces a 8,91% decrease.LOL!
This was seen even from last summer that their intention(all of us we can suspect who they possibly are) was the penny share !
The question is what do they must make the authorities of LSE?
They sell shares that they never had this price before.Because with IPO at 60 in 2002 ,who sells 69000 at 4,05 or 20 or 30 ,40 ,50 ,60?
Only someone who his intension is to take our shares for a penny.
In which price they bought this share?Of course the worth of the selling share is negligible but they obtain their target!
I think the LSE must be involved immediatly,because as seen it happens a fiscal crime in face all of us.
The small share holders must be protected otherwise the institution for all holders will be tarnished.
Of course I have the question about what they await the funds (the remained)and why they didn't react until now?

[stonefold] 26/11/2014 17:04

IMF suggest to Government - put things Back to how they were.

"...
Experts from the International Monetary Fund (IMF) recommend that the Ukrainian authorities reduce from 1st January 2015, the fee for use of mineral resources in the extraction of natural gas by private companies ......

In July this year, the Ukrainian parliament had increased until January 2015 the charge royalties for natural gas, which is not implemented for the needs of the population, from 28% to 55% (for gas from deposits up to 5 km) and from 15% to 28% (for gas deposits of more than 5 km)."

The suggestion is consistent with that of the major party of the government.

" .. As reported, the party "Block Poroshenko" offers, in the original version of the coalition agreement, to commit to the establishment of differentiated fees for the use of mineral wealth for private gas companies at no more than 30% since January 1, 2015. Also offer a warranty of their constancy over the next 5 years. "

But the IMF recommends to keep the new stimulus factor 0.55% for new wells.

[stonefold] 04/11/2014 16:32

IMF and minfin discussions today regarding subsoil royalty/production tax rates.

Hopefully a more business friendly rate will be set for the 1st Jan 2015 onwards.

[j drama] 01/11/2014 09:26

Not far off that number.

[buy and hold] 01/11/2014 09:23

Gasprom-Ukraine deal for natural gas at 385$/1000m3,yesterday.So ,how will be for Regal,now?

[flyingbull] 31/10/2014 16:30

The November oil stock challenge is now on. Deadline for entries is midnight this Sunday!!! Good luck. fb

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[flyingbull] 31/10/2014 16:29

The November oil stock challenge is now on. Deadline for entries is midnight this Sunday!!! Good luck. fb

Enter your choices here please


Previous results

[stonefold] 09/10/2014 15:11

Some old news from 2nd oct 2014

"....Another private earner Regal Petroleum is implementing its own condensate on corporate electronic platform fabrikant.ua. October 2 300 tonnes of the resource were sold to 14 000 UAH / t. ....."

[j drama] 03/10/2014 23:07

Large buy order filled during 900+ volume, no longer being filled & hence no demand & share price drops?

[j drama] 25/9/2014 07:43

The market cap of RPT isn't important to Energees, unfortunately for the rest of us. Control of the gas is their priority & the power it welds.
Energees, aside from their initial investment (at 38p), have invested zero dollars in RPT. Hardly inspiring confidence in their belief in growing the company.
Perhaps that will change if they have some production success? Access to funding will never be a problem.

I believe that Energees will grow their gas footprint in the Ukraine by buying other companies outside of RPT not via RPT.

The simple fact is that the only way we will get our money back is if they can have some success with drilling new wells or fraccing existing ones.
Sorry for being blunt but that's the way I think it is.

[buy and hold] 25/9/2014 06:50

JD ,I agree with you but what chance do they (regal) have to increase the market capitalization (and so on the price ) if they don’t acquire some new assets (even small).Imo ,because the production that can be reached with only these known fields always will be not sufficient…

[j drama] 25/9/2014 00:31

I don't think there is any chance they will add assets to RPT. Energees already own another Ukrainian O&G company.
Why would they add assets to a company they only own 54% of when they can add them to one they own 100% & enjoy all the benefit?

[buy and hold] 24/9/2014 14:53

They are appeared (the board) more “serious “,this time, I think. They don’t create impressions for more expectations or extra ordinate results from their operation and perhaps –who knows-they will be succeeded for first time.?!
In the positive things which we observe in the H1 results :I think that is the production -even of little quantities for the time being -of LPG( better price than Natural Gas).
Another thing which can surprise all of us it would be any new asset that can Energees to bring into the company…as it was in times of Frank Timis…because more than 5 years Regal has been remained only with these Ukrainian Assets and IMO this does not motivate very much their presence in the AIM, for the future...

[nobull] 24/9/2014 13:31

Thanks for the info on the fraccing and workover and for the interesting point about taking the wells off-line while the tax rates are sky high!

[j drama] 24/9/2014 11:32

Jam
Energees have had a zero success rate on workovers & fraccing so far, not sure they have the technical expertise to be successful hence the pessimistic view.
I hope I'm wrong.

[jam2day] 24/9/2014 11:23

JD a little negative there - the whole purpose of carrying out these operations
is to increase recovery rates,but agree about previous results - these operations will mean taking wells off line but no better time to do this whilst the Tax liabilities are at temporary high level.