Regal Petroleum Share Discussion Threads

[n13518] 01/12/2019 23:58

"The Company and the Sellers are to agree a work programme to appraise the Licences, which will include the drilling of up to three wells, subject to satisfactory results of each well". It makes sense to drill few holes to ensure oil and gas does exist. I still can't work out outcome of these 24 wells since 1980s. Did any of these produced any oil or gas?

[buy and hold1] 27/11/2019 09:21

UNI are't producing oil or gas recently.As seen until today never tried to explore despite the licences.As i understand UNI had to make some drills because time pass (by the end 2024)must give back the licences.
Last May of this year submitted (?)a file in order to take approvement for the begining some works...(see expro).

[n13518] 26/11/2019 17:23

"The Licences are prospective for oil, as well as gas, and have been the subject of exploration since the 1980s, with 24 wells having been drilled on the Licences since then". From today's statement. Are UNI producing any oil currently? I didn't see any figures on oil production.

[bo90] 26/11/2019 15:37

I am no longer holding rpt and today's news makes me dubious about investing again. I start to worry about deals amongst ukrainian companies, valuations, statements and auditing can lack credibility. Not a fan of businesses based in Odessa

[jam2day] 26/11/2019 15:29

Expro Reference:

PrJSC "Scientific-Production Complex " Ukrnaftinvest " (directed by Ms. Olena Hrytsyuk, founded by "NTI Ukrnaina Ltd.", LLC "Kvadrat Geo") specializes in exploration and development of natural resources and related technical sciences. The company has special permits for oil and gas extraction in Odessa Region, which were obtained in 2004 (encompassing the Biloliska gas field area and the Alibeysk-Trapivska gas field area). According to media, Ukrnaftinvest was created in the 90's of the last century as stemming from "SK Divo-Bud" Company, which belongs to Mr. Grigory Trokhymenko and Mr. Volodymyr Chernysh. The minority shareholder of Ukrnaftinvest is Mr. Leonid Kozachenko, President of the Ukrainian Agrarian Confederation, Ex-Chairman of the Cabinet of Entrepreneurs under the Cabinet of Ministers of Ukraine, former Vice Prime Minister in 2001-2002, and now a MP of the Verkhovna Rada of Ukraine from the Poroshenko Block.

The Beliliska gas field area Alibeysk-Tropivska gas field area are most promising in oil and gas in the Pridriborsky depression (Odesa Region), with 18 formation spreading over 274 sq km.

Within the Beliliska gas field area, they discovered two formations: East-Saratske oil field in 1972 (within depths of 2600m - 3300 m), and Zhovtoyarske oil&gas field in 1983 ((within depths of 3100m-3900m). The deepest well, Furmanivska-1, ever drilled in Odesa Region was 5506 m deep.

[xxx] 26/11/2019 07:32

Doubling down in Ukraine is not what I had hoped for.
If they had offered stock rather than cash I might have thought slightly better of it, otherwise it just appears to offering the current holders of unprofitable assets an attractive way out.

[bo90] 21/11/2019 21:50

mshtowb, don't be worried about the pipeline, regals licenses will expire before it reaches germany this company is under manipulation.on the back of sells it reached 44p, i just couldn't work that out. ok shares are traded without mm so o don't have much info but i can see this dropping to 15p by xmas

[treble in 1999] 20/11/2019 16:23

shorters out again

[itscominghome] 11/11/2019 08:56

The Arden effect. Every. Single. Time. You were warned ... GLA

[maloneyt] 24/10/2019 20:07

What is going on for GS, one step forward and twenty back !!!. Why this daily fall???

[bo90] 21/10/2019 17:13

after 14 years i've let go of this warped share. took a loss but see other rising stocks which would generate profit and a divi.

[mstaub] 14/10/2019 13:33

Yes jam tomorrow I remember unfortunately...

:((

Hold On!!!

Not sure about this itscominghome is this some kind of play on football or something?

It would appear that he seems to be losing it about something called PMG, anyone heard of it??

[jam2day] 14/10/2019 11:26

It was also £3+ as well.

[mstaub] 14/10/2019 10:55

I see the MM's shaking the tree this morning.

Oh well (pardon the pun) ;))

I will hold on and see what happens...

Still i believe all with be good after all it was 5p once upon a time.

[itscominghome] 14/10/2019 10:53

As predicted .... the Arden effect

[itscominghome] 09/10/2019 10:00

Unlucky shareholders ... Arden appointeded broker. That means one thing and one thing only ... share price about to collapse. Look at their track record. Almost every stock they're broker to warns ... dyor obviously but it's uncanny

[buy and hold1] 09/10/2019 09:13

Jam ,
I agree ,so well , to see the price back to 11th Mar 46.60p the ukraine ministry or the court should withdraw the order.

[mstaub] 09/10/2019 08:21

Re impairment :

From the 2018 financial report:

Reversal of impairment/(impairment) of property, plant and equipment

17 see footnote 34,469 2018 (180) 2017

During 2018, there was a significant reversal of an impairment of the Group's oil and gas assets of $36.1 million. The amount of the reversal was determined as $39.8 million, being the total amount of the previous impairment accumulated on the MEX-GOL and SV fields up to 30 June 2018, net of depreciation, that would have been incurred had the fields not been previously impaired, less $3.7 million of previous impairment allowance for the SV-69 well. The Group did not reverse the previous impairment allowance relating to the SV-69 well for the reasons explained in Note 4 to the financial statements, and additionally the Group impaired the remaining carrying value of this well to nil on the individual basis and recorded the respective impairment loss of $1.6 million as an expense during the year.



The reversal of impairment of the Group's oil and gas assets also led to a consequential reversal of impairment of intra-group loans of $10.9 million in the Company's financial statements as a result of an increase in the present value of estimated future cash flows following the reassessment of the carrying value of the Group's oil and gas assets.

Hope that helps.

Hold ON.

Found this site has some interesting insight into the Ukraine and the Oil/Gas markets.

#ttps://kosatka.media/en/category/gaz

[jam2day] 09/10/2019 07:53

"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."
If you increase production by 20%-25% regardless of price quoted in Oct 2018 it should equate to a rising share price and not a decline.
No logic there!!

[costax1654x] 09/10/2019 06:37

Brothers check Ptal ,read about it Cause it might be beneficial for you short term gain!Thanks