Regal Petroleum Share Discussion Threads

[buy and hold1] 08/10/2019 19:04

11th Mar 46.60p
12th Mar 37.80p due to Vas Licence Order
8th Oct 35.00p although the today's RNS
It's something very unexplainble.

If we put the natural gas prices in the puzzle then all are explained:

12th Mar 37.80p due to Vas Licence Order : 8886.00 UAH/thousand cub.m
8th Oct 35.00p although the today's RNS : 5878.80 UAH/thousand cub.m (down 34%).

October 2018 13438.80 UAH/thousand cub.m (down 56%)

Conclusion : The conditions dramaticaly has changed in a year.Only with a serious increase in the natural gas prices we can see a movement north.

[el-tel] 08/10/2019 16:55

Why all the selling , does not make sense.

[jam2day] 08/10/2019 16:25

the well is producing at a stabilised flow rate of approximately 5.0 MMscf/d of gas and 193 bbl/d of condensate (1,070 boepd in aggregate).

This equates to a near 25% increase in production which results in a fall in share price - mind boggling!!

[officerdigby] 08/10/2019 16:15

There was a down grade in reserves in ~2014-16 that got upgraded again 2018.

[bo90] 08/10/2019 15:20

i am still trying to work out what the $34.4 million impairment cost was?

[jam2day] 08/10/2019 14:32

unbelievable share price response to a very positive production update , looks like pi's selling - very strange

[maloneyt] 08/10/2019 10:30

Seems to be good news, but the share price is down??? I wonder why RPT share price is being held down??

[mstaub] 08/10/2019 07:49

Good drilling result and a nice 25% additional output increase onto the current production output. = 6'000+ boepd

Lets see what the MM's make of it and or possible new interest in RPT.

Arise the Phoenix...

Never kick a dog when it is down that is when there bite is the worst...

Hold On!!!

;))

[costax1654x] 08/10/2019 07:45

I decided to buy some Ptal and some Rpt!Both rising production!

[officerdigby] 08/10/2019 07:03

Yes. Come on RPT!


you wonder how many intervals they actually encountered in this well and how many zones they could have perforated etc leading to how much flow..

P/E now of barely 4 - that's with current low gas prices...

[mam fach] 26/9/2019 18:02

Up, up & away soon.

[cryptotrade] 26/9/2019 15:22

Trend is up

[mam fach] 18/9/2019 17:54

Only a matter of time. Had written off my investment then it recovered from 5p.
Never know we might make some money yet.

[maloneyt] 18/9/2019 14:20

same here and for a looooooooooong time too !!!!!!!

[mam fach] 18/9/2019 13:54

If it gets back to £3 i shall sell. Been holding a long time too.

[bo90] 13/9/2019 10:30

if the bulls run in then MM will adjust accordingly.

[bo90] 13/9/2019 10:28

at £3 he still held on!

[bo90] 13/9/2019 10:16

i am a bit confused as to the $34.4 million impairment cost? never seen this before.when you get down to the "risks" paragraphs it does state a long list of obstacles including one where raising money for future development might be necessary.I'm ready to bail after 15 years of holding :(

[jam2day] 13/9/2019 09:47

Slow fuse burning on this today

[jack jebb] 13/9/2019 07:54

Blimey, you've been holding on forever!

[mstaub] 13/9/2019 07:45

Lets see what the MM's make of this announcement...

Production up 50% compared to 2018 and cash increasing nicely, though I would rather they did something useful with that cash instead of letting it sit in a bank account gathering negative interest.

I say we should do a hostile takeover of JKX and make Regal truly Regal again...

Arise the Phoenix....

Have a great Friday et al.

Hold On!

;))

[mstaub] 06/9/2019 07:44

Not me, lets hope we have some more....

I will Hold On!

GLTALTH


;))

[macarre] 05/9/2019 15:09

Who paid 35?

[mstaub] 21/8/2019 08:03

Nice to see the improved reserves update from last year being reconfirmed by an independent source, this should create some interest in our sleeping Phoenix.

As the Phoenix rises from the fire......

Should see a good bounce from here.

;))

Hold On!!

GLTALTH