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Umair @u_mamsa
Oct 10
Spoke to the Group FD about this after interim results were out. Due to payment of capex of c.$15m for MX-119 well, the hydraulic fracturing of 120 and prepayment of part of SV-54 drilling costs
So $15m MX-119, fracking ~$1-2m and |~$5m SV-54?
Numbers add up lie that.
Seems that they spent ca $10 mn on the latest well, I think this is the reason for cash decrease
Their production before the well dropped so that the new well just replaced it
So we started the year with 53 mn cash. nine months later we only have 60 mn in cash, pretty much the same production and much lower gas prices
Not good
He made a lot of noise about ALM when it was @ 60p. Few months later, ALM @ 49p and absolute silence.
Very quiet on RPT since the AGM though.
Not so sure on this baron guy from Richmond been hit many of his shares.likes to ramp but when company not doing so well hides.be carefull
Cash building?? June cash was $67m and now down to $60m. Needs some explaining i think. I still hold
No indication of if there looking for aquisitions or how intend use the cash which is disappointing.
Good update there, cash continues to build and drilling going well.
Suspension could be lifted at any time should give a boost but they see not reason it wont be.
Buy and hold at these prices
Krok apt name lol
As seen from Regal's RNS of the last years , Regal didn't have a broker since many years ago
2014
For further information, please contact:
Regal Petroleum plc Tel: 020 3427 3550
Keith Henry, Chairman
Sergii Glazunov, Director
Strand Hanson Limited Tel: 020 7409 3494
Rory Murphy / Richard Tulloch
Citigate Dewe Rogerson Tel: 020 7638 9571
Martin Jackson / Shabnam Bashir
and today:
For further information, please contact:
Regal Petroleum plc
Tel: 020 3427 3550
Chris Hopkinson, Chairman
Sergii Glazunov, Chief Executive Officer
Bruce Burrows, Finance Director
Strand Hanson Limited
Tel: 020 7409 3494
Rory Murphy / Richard Tulloch
Arden Partners plc
Tel: 020 7614 5900
Ruari McGirr / Dan Gee-Summons (Corporate Finance)
Simon Johnson (Corporate Broking)
Citigate Dewe Rogerson
Tel: 020 7638 9571
Louise Mason-Rutherford / Nick Hayns / Elizabeth Kittle
Haha, wishful thinking
Seems that Merill Lynch dumped them as they are too small/illiquid and hence they replaced ML with a small broker
Be nice for something to happen haha.
Hopefully we hear of suspension being lifted soon and we can get back to 45p plus again. We don't deserve to be here now
Looks like we may have some sort of acquisition on the way.
An IPO coming soon with the new appointed broker ?
We now have a broker, things being slotted into place. Gas prices are also up considerably. Bodes well for us to push back up.
Keep it real baron hasn’t made any comments on any shares since the 23rd.
And yes he is still heavenly invested here.
No suspension the order has been suspended.
the Court has made a Ruling on interim measures to suspend the Order pending a hearing of the substantive issues of the case to be held in due course. The effect of this ruling is that the abovementioned 20 day period is also suspended pending the substantive hearing.
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.
Hes still invested, clearly he knows to just hold. Investing not trading you see
May there be a margin call for him?
Licence been suspended 4 sometime now with shareholders still not no why this licence was suspended may b a bit more serious than what they were letting on
We lost Baron ,since 23th sept. no comments .
Its not so much the market, it's that this share is being traded heavily. You can predict the 5-6% daily swings it has. Also it has a license still suspended and the market isn't going to give you any credit for that level of uncertainty, no matter what else to release as news.
As am I, clearly :P
Market still aspleep
2019 interims revealed an aggregate 4192 boepd for the first half.
MEX119 is now producing an aggregate1070 boepd at a stabilised flow rate.
That’s a 26% uplift, with gas up 26% and condensate up 31% respectively.
Pretty impressive stuff.