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I neither like nor dislike Baron. He does, as most, talk his own book. That said I followed him into this and Rre. This has been an abject failure but the other a monster success. Nett nett, I'm very nicely in profit. I'll hold this until Q1 and see how the land lies before making any decisions.
I actually think Baron is tweeting less, far less in fact, because his stocks were starting to get targeted by traders or powers in the city looking to impale PI's. I guess it was inevitable that someone who had attracted a following of 'mug punters' (I include myself in that) was sooner or later draw the attraction of powers that could shift prices and SP's.
More risk more reward. Holding until spring, would be foolish to sell now. GLA
Been horrid share hold agree.lack of news on how intend use cash.low gas prices not helped.and this vas field licence await out come.4 me I won't sell this price feel bottom is close winter coming gas prices hopefully will c some rise.these ukraine stocks very risky
I bought Regal in February 2018 then followed prominent people on this forum as well as 'Baron' who kept saying this share would skyrocket to 50p any minute. Instead, it nosedived, dropping over 30% in 6 months despite claiming good fundamentals. This would quite easily be the biggest lemon I've ever bought, naturally I'm sour about it. But I accepted the ominous signs and sold on Friday and couldn't feel more relieved to no longer have to watch this pathetic stock every day as it continues to head south. Hard to believe a gas company could be such a cash burner. Serious questions need to be asked of those in charge. Better yet, a law suit. GLE.
Hope you sold out , your 300k investment must of took a major paper hit
Glad I sold out with a small profit, think we could see higher gas prices next month until then I still think 25p is still in sight from my previous target of 30p.... got slated by a few when I mentioned 35p a few months back . Looking to buy back in so am obviously going to want to buy in cheaper, these long drill programmes don't help . Acquisition would be great boost. The board need sorting out sat very comfortable taking a salary
What with 10000 sells some concern some1 off loading stock
Its happened again, 3 x 10k trades all at exactly the same time bringing us down.
WTF
Its a record guinnes - negative-!!!
20m per day!
lol
Now officially oversold, great time to add sub 31p.
Cant knock the money coming in still despite gas prices etc.
Exactly, someone seems to be controlling the price somewhat
same here x4
14-Oct-19 08:42:47 33.00 10,000
3 x 10k sell all at exactly the same time to the second. More manipulation it seems
TinTin, I agree with the your calcs there.
The only slght point of query is the drop on VAS field post VAS 10 in last quarter.
831 Q3 2019
989 1H 2019
960 Q2 2019
1,023 Q1 2019
789 Q4 2018 (VAS-10 added twards the end).
got it
Where do you check gas prices?
Hey All,
I have looked closer at the production figures and this is what I have found.
The Interim Results stated production between 1st July and 10th Sept was 3799 boepd. This was slightly lower than expected and appears due to MEX-106 being offline due to workover, which was successful.
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RPT/14225155.html
The Ukraine Update (10th Oct) stated production between 1st July and 30th Sept was 3889 boepd.
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RPT/14260655.html
This means production averaged 4213 boepd between 11th Sept and 30th Sept. Imo this is due to MEX-106 being back online.
With new well MEX-119 producing 1070 boepd, current production is now 4213 + 1070 = 5283 boepd imo.
Awaiting the outcome of MEX-120 which should be very soon. I am now guessing this will increase production to 5400 boepd.
Gas prices increased further today (2.5%)...
You negativity is incredible. I’m fairly sure you have sold out otherwise you are a clueless investor if you invest in something where you think the company is constantly doing badly.
Latest production figure of 3889 boepd:
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RPT/14260655.html
Now topped up by new well MEX-119 by 1070 boepd.
Therefore current production of 3889 + 1070 = 4959 boepd.
Awaiting the outcome of MEX-120 which should be very soon. Could this increase production to over 5000? I am guessing 5100 boepd.
Over to the price of gas now. Can it continue its upward trend of the last few weeks?
Sorry Kroky,
my error. Should have been $15m capex for the MX-119, the fracking and part prepayment SV54. That was at the interims cash of $62m down from $67m.
Possibly more Capex now as $62m down to $60m - best of SV-54 prepay?
The drop in flow rate is ~300-400bopd since new year
3,889 Q3 2019
4,073 Q2 2019
4,306 Q1 2019
4,139 Q4 2018
but replenished by MX-119 1070. No idea how much time MX-120 been off but flow from that obviously aiming for more post frack/work-over.
15mn for a 4.8 km gas well with ca 150 mcm daily gas production is way too high, economics of this well is not good
Would hope as winter approaches gas prices may rise.has followed gas prices down.no indication of this cash pile and how intend to use it.been massive disapointment share price wise.
There is not logic with this share :
Year 2011 price for the take over was 38p and daily production 1945 boepd.
Today 2019 the price is 33-35 p and daily production 4000-5000(today) boepd.
Plus 60mil$.
It's crazy!
For what progres we can talk?
Or something else plays hear!
Something smell very bad here.
After all , they must give some divident to the share holders if they want to do fair and been appreciated by all us.
The numbers are still good despite our spend although they should have pointed this out in the RNS that this is where the money went.
Even so, still a huge amount of cash in the bank and gas prices are increasing, plus here comes winter