Member Info for gregpeck7

They have 40 million USD in the bank, no debt and are adding to the cash pile at the rate of about 5m USD per quarter...

GP

Was going to say looks like they routed a lot of the buys through nex.. probably to try and hide them!

Yes. Spot on guys. Big buyers are moving in now and there is not a lot of free stock so mm games will be called for. Just keep your eyes on the fundamentals. I have 250,000 of these and have not sold a single one. This is a buy and hold and the value will come.

Still pinching myself about the scale of the reserves upgrade and drilling programme. Agree 40p could be breached today. Let’s see.

Agree, are you basing valuation on p1 or p2 and contingent? I expect some more drilling news coming up now based on the drilling programme committed to today. Could see 10,000 boepd in no time. Re share price, personally I think this won’t take a break till the 40 to 50p range. It’s very odd radar and very cheap with outstanding fundamentals. Looks like the market is waking up. Has anyone seen a 1500 percent reserves uplift before?!

At least I am not talking to myself anymore!! 40p this week imo. Still cannot quite believe the news.

Agree, I think this is just scratching the surface....

Glad I took another 50,000 last week :D

Not sold a single share.. This is just the start chaps... 40p - 50p IMO before this settles down.

The news is SO good it has taken everyone completely by surprise. I have followed )+G companies for a long time and never seen a 1500% reserves upgrade before!

Seeing as the reserves were upgraded by 1500% I would say there is a very good chance.. I think the market is only just waking up to this...

#RPT A truly gigantic reserves upgrade for O&G holding #RegalPetroleum. About to catch a flight but am totally ecstatic by this news. Totally oustanding. 1P (proved) soar from 1.9mmboe to 27.8mmboe and a further 24 wells. Gobsmacked! investegate.co.uk/regal-petroleu…

Break 22p resistance and we are off

Share talk saying 40p next few months now....

Start moving towards 40p now... 40 million in the bank, huge reserves, good drilling progress heading for 4,000 boepd..... Then you look at UKOG !

Finally waking up to this huge uplift. 40p run starting?

Outstanding rns. Significant increases in reserves. Clearly a lot of drilling planned as well... hopefully this will light the fire..

Agree it is weird.. what will they do now with the released rig?

Interesting rns.. so I wonder what the flow rates were.. can’t have been terrible else they would have tested he shallower level now... I wonder what they will now drill next?

There is not more buying going on.. This really is below the radar....

To reflect new prospects...

http://uk.advfn.com/cmn/fbb/thread.php3?id=42966788

So once the next well is hooked up could production be 4,000 boepd?

What will they drill next? What will be the numbers on Jan 2019?

Thoughts?