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What the f***k is going on
Is this a forecast?
US$65mln in bank and continue too grow.good to c this climbing again over last few weeks.news on aquisition soon mayb.gas prices low not helped.update possible soon
Regal Petroleum PLC (RPT) $RPT #LSE
#bts #berkshiretradingschool #UKsharemarket
twitter com/Btradingschool/status/1227321151719923712
In this weeks investors chronical magazine Algy Hall has picked rpt as one of his ten deep recovery plays using Joseph Piotroskis classic valuation measure.
Cheers Alf , like the sound of a Buyer
Most of the 'sells' are auto trades, so it looks to me like the price is being moved to trigger stops to fill a large buy order. Many stops will be set at just over 20p. That may be why the price sometimes moves up after these 'sells'.
Think most share your perspective nocash.
The board has been deserted . I recall the like of Nickelinvestor always claiming big things for RPT , anonymous now ? Krok on the other hand warned of an uncertain future
And again today despite far more shares purchased
Has been for months what a dog this has turned out to be .
Is this share being manipulated?
More buys than sells often results in share price falling
He is a Billionaire tho....so doesn't really count hey......
He is a Billionaire tho....so doesn't really count hey......
Warren Buffett says "best time to sell a share is NEVER"
Are you sure Warren ?
he Antimonopoly Committee of Ukraine provided Lovita Investments Ltd. with Cyprus Vadim Novinsky has permission to buy shares of Ukrnaftinvest concern.
This is stated in the message of the AMCU.
Ukrnaftinvest holds licenses for the development of Beloliskiy and Alibeysko-Trapivskyi oil and gas fields in the Odessa region.
According to the AMCU, Novinsky's companies were allowed to buy Ukrnaftinvest shares, which would provide it with more than 50% of the votes in the highest governing body.
In November, Regal Petroleum, in which Novinsky controls 82% of the shares, announced an agreement with the owners of the concern Lydia Chernysh and Bolaso ??Investments ltd Leonid Kozachenko. At the same time, the amount of the agreement on the repurchase of all shares of Ukrnaftinvest was called - $ 40 million.
Regal Petroleum's profit last year was $ 54 million, while Ukrnaftinvest accumulated more than $ 700,000 in losses last year.
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Novinsky company plans to drill five wells in Poltava region
01/16/2020
Representation of the British oil and gas company Regal Petroleum plc. with assets in Ukraine Regal Petroleum Corporation LTD plans to drill five new exploration wells at the Sviridovsky (SV) gas condensate field (Poltava region)
About it writes Interfax-Ukraine with reference to the data of the Unified register of environmental impact assessment (ATS).
In particular, we are talking about drilling # 4-bis, 22, 26, 29, 31.
In addition, it is planned to drill the side barrel at well # 53.
Design depth of wells ?4-bis is 5.95 thousand m, ?29 - 5.38 thousand m, depth of wells ?22, ?26, ?31 and ?53 - 5.25 thousand m.
Expected volumes of gas production for each of the wells are up to 90 thousand cubic meters. m of natural gas per day.
It is planned to use a diesel powered drilling rig up to 7000 kW for drilling.
Regal Petroleum plc operates in Ukraine through the Regal Petroleum Corporation Limited Representative Office in Poltava Oblast and Prom-Energo Product LLC in the Kharkiv Oblast. The companies are part of the Smart Energy group, which is part of Vadim Novinsky's Smart Holding. The Smart Energy oil and gas sector, in addition to Regal Petroleum assets, is represented by the gas extraction company Ukrgasvizobotok (Kharkiv region).
Earlier it was reported that Novinsky increased its daily average hydrocarbon production by 25.7%.
OilPoint also wrote that the AMCU allowed Regal Petroleum to buy Ukrnaftinvest.
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https://oilpoint.com.ua/amku-razreshil-novinskomu-vykupit-ukrnaftinvest/
Please Translate. Novinsky got green light to buy last week.
It’s only a matter of time before this one......BOOMS - time for a top up.
Willy,
In the MoU of 26/11/2019:-
‘estimated that there is a substantial Oil Initially In Place volume of approximately 675MMboe.’
Last substantive paragraph in the RNS.
Straycat, you referred to forecast production levels at PJSC/Ukmaftinvest. I don't think i have seen those but like you have high hopes for their ability to develop the field. Has the company released this forecast or is there somewhere you can refer as to any projections?
In the circumstances I think that is an excellent full year performance, with 2019 production up 25% on 2018 despite a collapse in Q4 2019 production levels from VAS-10 which was 14% down on the prior year.
MEX-119 was spudded in Feb 2019 and by 8/10/2019:-
‘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)’.
Run these performance figures through the whole of Q4 to year end and MEX-119 production represented 26% of total Q4 MEX-GOL & SV production.
Put another way, it suggests that in the full year 2020, MEX-GOL & SV 2020 production will up 24% on 2019 full year figures.
And that assumes no further development work on SV-54, no more drilling in the SV field and no recovery of the disappointing current production rates at VAS-10. However, it’s worth noting that in his full year operational summary, Sergii Glasunov stated that:-
‘We look forward to further progressing the development of our fields in the coming year.’
Add to this a successful integration of PJSC Science/Ukrnaftinvest at forecast production levels (with OIP @ 675 MMboe) and imo you have a business transformed out of all recognition from the one we are currently invested in.
Yes it’s a very bullish outlook, but in the end I reckon 2020 could be a very interesting year for RPT.
Agree hold.but markets wont put full value of cash in market cap.not see much bounce coming in gas prices
Steve49 - MOU was only signed at end of November. How much of an update would you expect over December / Christmas?
Cash position has increased despite capex in a low price environment.
VAS field issue is with the courts, not much the board can do about that.
Operationally, the company has delivered
They need is a £2m share buyback but the BoD are incompetent with regards to shareholder value generation. At least operationally they are doing well as cash is still building