Beware15 Dec 2010 12:29
Beware of rampers on this board, in particular, rampers who have only joined recently to promote RPT.
From the RNS a few days ago citing the offer of 24p per share:
The Board of Directors of Regal, having taken into consideration:
the technical difficulties associated with bringing the wells to sustainable commercial production rates;
the uncertainty in the outcomes of further reservoir appraisal and the potential impact, if any, on the reserves estimate;
loss of operational revenue as a result of the suspension order and uncertainty as to when production may be allowed to resume;
additional capital requirements for further appraisal and field development; and
the ongoing legal and political risks surrounding the Ukrainian operations,
believes that the Offer provides greater value and certainty to Regal shareholders than the Company remaining an independent listed entity at this time.
They are in advanced talks right now and are not interested in trying IMO. If you bought now and only got 24p per share you would lose £3k of you hard earned IMO