Member Info for Krok

That’s another clear indication bid is unlikely Pinchuk has no clue as he is not even on the board. Very bizarre, in my view. If I were him, I would immediately demand 1-2 seats Alfa had been a pure financial investor, so not relevant

Interestingly, Pinchuk has not convened an shareholder meeting to get a representation at Regal’s board So the board is comprised of Smart’s people plus independent directors. After so many months since Pinchuk’s acquisition

Current EV just slightly above $100 mn This year FCF around $35 mn 35% yield, unbelievable Market heavily discounts cash, as there is zero clarity on how it will be spent

Lousy 45p and this is after good report and lost and found $10 mn Not even 50p Seems we are doomed for the next few months of no news, unless something totally unexpected happens (eg a takeover)

A few pinches of salt to the great 2018 results: 1) No divi, bad. As simple as that 2) Almost $10 mn disappeared in just 3 weeks of April - probably paid for the well, expensive! 3) In 2018 spent also almost 10 mn on a well which produces only 50 mcm/day. The payback is not great 4) VAS risk still remains, though not a serious one Stick to my original idea - no value in stock above 60p this year Hopefully, there will be more worshippers driving the price to the levels where exit is reasonable

Wow, we are back to Regal the Greatest mode, lol 5000 boepd in 2019 - what do you smoke, mate?

What are your expectations for this week’s share price?

What a day, from 30 to 45p on no news. Overall volume of over million shares Someone’s made a good profit

Hopefully, just someone’s margin call unrelated to Regal

What were those first few trades today, particularly, the first one Large volumes Doesnt smell good

What do you want to see? Them writing off the whole VAS field? Dont think the market will react positively to this Seems that there will be no report till clarity on the license

Steven how do you know the date?

Nickel, go buy VGAS and you will suffer another loss from current levels very shortly Its hugely overpriced at 100p

Pretty much all peers have reported by now Think they are waiting to get more clarity on the license, otherwise would have to impair all VAS assets and recognize a loss

Volga Gas is up 120% since divi announcement! Overpriced now and will inevitably drop But we need similar action from Regal! Pretty similar stories, Regal’s is actually a better one Please, Regal, need a large divi Coupled with clarity on VAS issue, will easily get us to 60p

Zelensky is very good for JKX, mostly irrelevant for Regal Surprised JKX is down. You can assume all their tax claims are resolved

My expectations are as follows: 2019YE - production - 4.5-4.7 kboepd - cash - around $83mn (if no divi) - share price - 55-60p 2020YE - production - 6.0 kboepd (assuming 2-3 successful wels drilled in late 19/2020) - cash - around $120mn (if no divi) - share price - 70-75p

CAD up 40% JKX up 10% RPT down All in one day Hard to be a happy holder

Stop talking nonsense about cash. Almost half of it disappeared in a very dodgy deal, which casts serious doubt on management’s credibility. Hence 6p share price before the latest news

Nickel, out of curiosity, what are you expectations for 2019 and 2020 year-end production rates and share price?