Member Info for Krok

Some people here seem to have no clue of where they are putting their money in

Trying to apply UK standards to an Ukrainian company will pretty much guarantee a lot of suffering, sooner or later:)

Hopefully, answers to my posts from some cockers are not caused by the number of shares and entry price I have referred to in my first post. Probably should not have disclosed it, apologies to those who have been hurt:)

Hey, that's exactly what I said - the increase in reserves is good but you should not exaggerate it

2P reserves are the most common benchmark to value CIS based upstream companies, 1P is of less importance. This is due to local reserves classification system (so called C1+C2 reserves, not to be confused with C resources under PRMS standards)

It's local reserves based on which a development plan and respective drilling schedule are approved

PRMS reserves are basically used to present to the external world. All decisions are made based on local reserves classification

And local C1+C2 reserves approximates 2P reserves under PRMS

These have increased by 56% from 2013 level. Very similar to the share price hike we have seen recently

And having a quick look at 3P numbers, the increase is pretty much immaterial, given it's been 5 years of development

When I exit my RPT holding once it reaches 50p (hopefully), I will invest a significant part of the proceeds into this stock

JKX is no doubt the next turnaround story. Once they finally handle tax issues, they will grow a lot

Looking at current composition of its board, they should be all right

Easy, chap. I am based in Moscow and have nothing to do with UK sites

Was trying to figure out what is market sentiment re recent share price hike and got a link to this site by google. No hidden agenda here

I am a long-time investor in O&G stocks and RPT is currently one of largest holdings in my portfolio

I you disagree with anything which I have posted I am happy to hear your rationale. Cheers

Obviously, there are a lot of risks associated with being an upstream gas company in Ukraine, hence the valuation

You can be asked to sell your gas at regulated (i.e. much lower prices), you can get tax claims, including for previous periods, despite being compliant. You licences can be revoked or not extended, etc. Not to mention country's political and economic instability

Smart's shareholder is Russian. He appears to be ok with current authorities in Ukraine now days but that could change, particularly if next year elections change the current political landscape

Partial mitigant to these is, if economic situation deteriorates further, there will be further devaluation of Ukrainian hryvna. Given most of RPT costs are in hryvna, this should help at a bottom line

Fingers crossed, none of the above will happen in the next few months

Obviously, there are a lot of risks associated with being an upstream gas company in Ukraine, hence the valuation<br /><br />You can be asked to sell your gas at regulated (i.e. much lower prices), you can get tax claims, including for previous periods, despite being compliant. You licences can be revoked or not extended, etc. Not to mention country's political and economic instability<br /><br />Smart's shareholder is Russian. He appears to be ok with current authorities in Ukraine now days but that could change, particularly if next year elections change the current political landscape<br /><br />Partial mitigant to these is, if economic situation deteriorates further, there will be further devaluation of Ukrainian hryvna. Given most of RPT costs are in hryvna, this should help at a bottom line<br /><br />Fingers crossed, none of the above will happen in the next few months

Regarding Regal's reserves, I wouldn't put too much emphasis on numbers' increase. These had already been into reserves in the past, were then downgraded to resources and are now back to reserves. So not much happened in reality

That is a lot of judgement of how your treat reserves/resources and companies can easily manipulate them despite some scrutiny from their reserve auditors

Increase gas and oil prices by themselves helped a lot in terms of re-classification. If they fall, there is quite a possibility that in the next reserve report we see a downgrade

Hi guys, I am new to this site

I am a happy owner of 375k of RPT shares, which I have bought at an average price of 13p per share

Was considering to sell at 40+p but decided to hold for a while

I personally know Alexey Timofeev, ex CEO of Smart Energy, who, despite he is no longer with Smart, is still a believer in Regal's potential

I also know Sergey Glazunov, current CEO, who used to be CFO of Smart Energy in the past. He is not particularly brilliant but probably ok for the company of this size

Last but not least, I know Steve Hopkinson, who is chairman of RPT's board. He is a fantastic guy, who know upstream stuff extrememely well. On top of that, he is very commercial - something, which you wouldn't see much among geologists. Steve was CEO of Imperial Energy some 12 years ago and stood at a front of the transaction, what Imperial was taken private by an Indian ONGC for over $2,0bn. Yes, that were completely different times that what we currently have but nonetheless

Apparently Alfa Group exited RPT stock because they had been holding it for almost 5 years and until very recently has had huge unrealised losses on thier investment, which that now managed to avoid

I am trying to figure out from my acquaintance at Alfa here in Moscow who is the buyer of their stake, remains to be seen

In the meantime, let's wait for 2018 interim results, should be fantastic numbers judging by where gas prices are in Ukraine currently and also looking at JKX's numbers. Cash pile shall increase further, some ambitious drilling campaign announced, etc

These shall probably send the price to 50-ish pence level, where I would sell, as at that levels RPT would be reasonably valued with no immediate upside in the next several months at least.

Hope this helps, let's stay tuned and try to make some good money here