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RNS due well results next week 17 -20 September.
RNS due interim results between 20- 27 September.
Ukraine russia tensions decline.news on mex-119 well soon.cash continues build.acquisition at some time.too cheap.gas prices all no low should rise as winter approaches
Being forced down but why ?
when we gona go boom!! I could do a top up today at 25p if it ever gets there
Great find stonefold, I have every faith this will come good. We are pulling in lots of cash all the time and with that last rns have confirmation despite lower gas prices we continue to make good profits for larger gas sales.
rocker1 - what makes you think that the court case is going the wrong way? Do you have any evidence for this or is it purely your own, unsubstantiated opinion to try to drive the sp down to a level you want to buy at? You really must try harder.
* date should be 28-08-2019
https://www.investorschronicle.co.uk/shares/2019/08/28/hunting-for-the-right-type-of-value/
28-0-2019
RPT is top of the list.
Not looking to good my buy at 32p if this closes at 31p then expect 25p. Maybe court case not going there way!! Will hold till end of trading day
Current cash resources of circa £59m.
Potential for boepd to rise to circa 5000 in September.
Therefore potential for Net profit to be circa £2m per month from September onwards.
Current Market Cap of £105m.
On this basis, Cash resources to exceed the current Market Cap within 2 years.
Further drills planned within the next 2 years, therefore boepd should rise further, thus net profit should rise further.
Does anyone here think now would be the best time for Smart Energy to make an offer, from their perspective?
You expect us to believe you hold lots of stock when you highlight a negative section of the RNS only haha. Pull the other one :D
Not interesting in adding,hold much stock but yes have seen whole rns.and yes will sell marginally at higher price gas prices due to large volume.
Subsoil tax reductions which became effective for new wells drilled after 1 January 2018 and into effect for condensate production from all wells from 1 January 2019 should amply offset any further discounts to Smart Energy
Regal continues to benefit from a volume buyer who pays on time reducing costs and importantly keeps cash flowing
Nice try Steven, perhaps read the whole RNS rather than try to use snippets that will assist you with a lower buy in price.
"Smart Energy also agreed to combine Regal's gas production with its own gas production, and to sell such gas as combined volumes, which has resulted in higher sales prices due to the larger sales volumes."
Regal and Smart Energy have agreed to increase the discount on the price at which Regal sells its gas to Smart Energy from 0.5% to 2%.Not too good in my eyes.less money coming in.
still holding from 30p , not sold a bean !! expect this to start a steady rise, Krok you very negative for someone who hold £300000
The previous new MEX-GOL field well (MEX-109) increased production by 875 boepd:
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RPT/13285148.html
The current drilling and testing of new well (MEX-119) is due to be completed by end of September.
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RPT/14137670.html
If this is as successful as (MEX-109), average daily production for RPT should rise to circa 5000 boepd and Net profit should be well on its way to £2m per month.
That's not bad imo.
Just determining the current cash position.
As per the 5th July RNS, the Company's cash resources at 30th June were approximately $67.9m, comprising $28.3m equivalent in UH and $39.6m.
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RPT/14137670.html
Using current exchange rates and estimates of profits for July and August which I have taken into account slightly lower gas prices;
Current cash is circa £59m.
I therefore see September as the month this figure rises above £60m.
Not the baron in case you're wondering. Cant recall who but seems he had a fair bit in
Who posted that?
Also confirmation of large seller out of rpt so should help us push back up. Below from twitter
That’s me finally out of #RPT.
At one point I held circa 700k - made some good profit on the way and been v.exciting as well as frustrating at times. Still think this will do well over time.
For now my funds are elsewhere, where I see better more growth/returns. GLA
Nice couple of 20k buys this morning, buyers are returning here and chart taking a swing back up
Krok - why would you expect 10 mmboe. What was this expectation based on?
I just told that’s the actual increase is miserable, that has nothing to do with my expectations
But yes, I expected at least 10 mmboe of 2P
Krok, you expect every report to be the same and produce the same results? How realistic is that?