Regal Petroleum Share Discussion Threads

[buy and hold] 07/2/2015 08:40

Some good news:


hxxp://ua-energy.org/post/50443


Court viznav illegally monopolіyu "Naftogaz" for gas promislovostі


"Іnterfaks-Ukraina"

06/02/2015


Kyiv Administrative Court of Appeal dismissed the appeal of the Cabinet of Ukraine and "Naftogaz of Ukraine" on the decision of the District Administrative Court of Kyiv, which declared illegal items 1-4 of the Cabinet of Ministers №647, requiring major industrial consumers to buy gas exclusively from "Naftogaz of Ukraine".



As the agency "Interfax-Ukraine" in the Association of Independent gas companies of Ukraine, the decision the Court of Appeal adopted at a meeting on Thursday.



"After reviewing the contents of appeals granted the defendant and the third party on the side of the defendant against the decision of the District Administrative Court of Kyiv on 16 December 2014 in the case №826 / 17772/14, consider that appeals not to be satisfied. In particular, the appealed decision of the court the first instance is lawful and reasoned, made in compliance with all the requirements of procedural and substantive law "- quoted by the court's decision the press service of the association.



As reported, on December 16 Kyiv District Administrative Court granted class action participants the natural gas market of Ukraine and invalidated items 1-4 ruling Cabinet №647 "On the procedure of procurement of natural gas industry, power generation and heat generating (in terms of industrial gas volumes) enterprises."



According to these regulations repealed points in the period 1 December 2014 to 28 February 2015, industrial, power generation and heat generating companies were obliged to purchase exclusively from natural gas "Naftogaz of Ukraine".



Decision of the court also canceled the obligation of gas distribution and transportation companies to transport gas resources from industrial enterprises only "Naftogaz of Ukraine" and set volumes.



Regional State Administration has previously been ordered to take measures to ensure the companies from the list of Resolution №647 of the Cabinet of contracts of sale of natural gas only with Naftogaz and companies to make an advance payment for the purchase of gas. Now these items are deemed illegal.



Decree №647 has been repeatedly criticized by representatives of the Energy Community, the International Monetary Fund, the World Bank, specialized experts and market participants.



"Іnterfaks-Ukraina"

[n13518] 02/2/2015 11:22

Is this worth buying to average down? Or is it throwing good money after bad? The only other way for RPT is bust as it can't go any lower.

[jam2day] 17/1/2015 10:03

hxxp://www.kyivpost.com/opinion/op-ed/robert-bensh-how-new-tax-increases-will-kill-ukraines-chance-to-gain-energy-independence-377515.html

[jam2day] 15/1/2015 11:15

This will focus the Ukrainian governments mind re domestic gas producers:-

Article from western media, originally Daily Mail
Thursday, 14 January 2015



Vladimir Putin ordered the Russian state energy giant Gazprom to cut supplies to and through Ukraine amid accusations, according to The Daily Mail, that its neighbor has been siphoning off and stealing Russian gas. Due to these "transit risks for European consumers in the territory of Ukraine," Gazprom cut gas exports to Europe by 60%, plunging the continent into an energy crisis "within hours." Perhaps explaining the explosion higher in NatGas prices (and oil) today, gas companies in Ukraine confirmed that Russia had cut off supply; and six countries reported a complete shut-off of Russian gas. The EU raged that the sudden cut-off to some of its member countries was "completely unacceptable," but Gazprom CEO Alexey Miller later added that Russia plans to shift all its natural gas flows crossing Ukraine to a route via Turkey; and Russian Energy Minister Alexander Novak stated unequivocally, "the decision has been made."


Russia plans to shift all its natural gas flows crossing Ukraine to a route via Turkey, a surprise move that the European Union’s energy chief said would hurt its reputation as a supplier.

The decision makes no economic sense,Maros Sefcovic, the European Commission’s vice president for energy union, told reporters today after talks with Russian government officials and the head of gas exporter, OAO Gazprom, in Moscow.

Gazprom, the world’s biggest natural gas supplier, plans to send 63 billion cubic meters through a proposed link under the Black Sea to Turkey, fully replacing shipments via Ukraine, Chief Executive Officer Alexey Miller said during the discussions. About 40 percent of Russia’s gas exports to Europe and Turkey travel through Ukraine’s Soviet-era network.

...

Sefcovic said he was “very surprised” by Miller’s comment, adding that relying on a Turkish route, without Ukraine, won’t fit with the EU’s gas system.

Gazprom plans to deliver the fuel to Turkey’s border with Greece and “it’s up to the EU to decide what to do” with it further, according to Sefcovic.


“Transit risks for European consumers on the territory of Ukraine remain,” Miller said in an e-mailed statement. “There are no other options” except for the planned Turkish Stream link, he said.

“We have informed our European partners, and now it is up to them to put in place the necessary infrastructure starting from the Turkish-Greek border,” Miller said.

Russia won’t hurt its image with a shift to Turkey because it has always been a reliable gas supplier and never violated its obligations, Russian Energy Minister Alexander Novak told reporters today in Moscow after meeting Sefcovic.

“The decision has been made,” Novak said. “We are diversifying and eliminating the risks of unreliable countries that caused problems in past years, including for European consumers.”



"They [the Russians] have reduced deliveries to 92million cubic metres per 24 hours compared to the promised 221million cubic metres without explanation," said Valentin Zemlyansky of the Ukrainian gas company Naftogaz.

"We do not understand how we will deliver gas to Europe. This means that in a few hours problems with supplies to Europe will begin."

[maloneyt] 07/1/2015 14:58

not a bad update, apart from the increase in tax, and the order by the government for companies to buy gas from naftgas. there is still hope that things might go back to normal, clearly no effect on SP, apart from the rise of yesterday. it looks like we SH have to suffer for a while longer. After all its RPT, we are used to it after all those years of sufferings

[j drama] 07/1/2015 08:08

FOR IMMEDIATE RELEASE

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

Ukrainian Legislation: Impact on Ukrainian Operations

The Board of JKX ("JKX") has decided that the combination of Ukrainian Government-imposed restrictions on selling its gas to industrial clients and the punitive rate of gas production tax requires the Company to suspend its planned 2015 capital investment programme in Ukraine until the economic parameters for investment improve. Consequently, the Skytop drilling rig is being stacked following its recent completion of well Ig-140, and operational and ancillary costs reduced.

Further to the announcement of sales restrictions imposed on private gas producers by the Ukrainian Government Decree of 29 November 2014, JKX reports that it sold approximately 80% of its December gas production capacity to industrial customers, with only 20% of its gas production capacity shut-in during the month.

The market available to private gas producers in Ukraine, however, continues to contract with competition for the increasingly limited number of credit worthy industrial customers becoming intense. JKX anticipates that gas sales may reduce to less than 50% of its production capacity in Ukraine whilst the Decree remains in force and will necessitate shut-in of a proportionate level of gas production.

At the same time, the Ukrainian temporary level of tax on gas production of 55% has been incorporated into the Ukrainian tax code for 2015.

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.

I'm done, good luck all long sufferers

[linney3] 06/1/2015 18:33

Its called buy - sell. UT at 5p buy price caused an artificial closing increase - back tomorrow with a corresponding decrease to counteract

[maloneyt] 06/1/2015 16:10

woo, whats the surge all about I wonder, any leaks, news coming ?? would be nice to hear some good news after all that wait, and the big drop in share price

[targatarga] 29/12/2014 10:18

the shorters are the long term winners here.

[temmujin] 29/12/2014 10:16

quiet on here...all the shorters gone now?

[buy and hold] 24/12/2014 12:31

The Authorities of the LSE must investigate the performance of this share from last summer.Now!
Never its too late for reactions..

[temmujin] 24/12/2014 12:03

oops there she blows! 3.75p to buy now

[temmujin] 24/12/2014 12:02

just bought in...heard a tasty rumour

[12bn] 24/12/2014 10:46

Another Andy Pipkin disaster here I see.

[buywell2] 24/12/2014 10:21

the troll
13 Aug'14 - 15:28 - 14213 of 14265 0 0


it's reserves are valued at £43.4m ( 13.5 pps ,) in the 2013 Accounts, IMHO on an eye-wateringly conservative basis.

I've bought £1,600's worth; at least I won't get bored.







buywell2
13 Aug'14 - 16:44 - 14215 of 14265 0 0 edit


Yes agreed the troll

But if it posts the same set of results this year as last then the cash and reserves will be wiped out at a stroke

[maloneyt] 24/12/2014 10:07

what on earth is going on here, when is this fall going to stop. are they still selling oil or are they giving it away for free I wonder. talk to us RPT. Why the silence !!!!!!

[targatarga] 24/12/2014 09:55

Buying in at 36p my initial plan was short term profit. Long term it appears to be a total loss!

[el-tel] 22/12/2014 15:56

My personal feeling is that the share price is being driven down so it can be taken off the market and bought cheaply.

[maloneyt] 22/12/2014 14:21

Been holding this for many years waiting for it to sort itself out. We need some news to stop the rot. Anybody there RPT ????