Regal Petroleum's primary assets are two large gas and condensate fields in Ukraine - the Mekhediviska-Golotvschinska (MEX-GOL) field and the Svyrydivske (SV) field located in the prolific Dneipner-Donets basin in the north east of Ukraine. Regal is the operator of the assets and there are currently 5 production wells on the assets. Secondary to this, but still significant, are two large exploration blocks in Romania, the Barlad and Suceava Blocks, where Regal holds a 100% and 50% interest respectively.
Regal Petroleum also has a 25% non-operated joint venture in Egypt with Apache Khalda Corporation LDC, where an exploration well tested positively for oil in September 2007 and was tied in as a producing well in June 2008.
28/09/11
Regal Petroleum is now focusing its attentions revamping production at its Ukrainian gas projects after it managed to overcome its legal and regulatory problems in the past six months. The emphasis will initially be on the shallower gas reservoirs, which require smaller rigs, and boosting cash generation.
18/01/11
The closely followed takeover story was stirred up once again after Regal revealed the details of two alternative proposals put forward by Ukrainian oligarch Victor Pinchuk. Whilst Pinchuk's proposals ‘out-bid’ Energees Management’s recommended 24 pence offer, the oligarch is yet to make a firm offer, and the clock is ticking.
13/12/10
A month ago it was friendless and mired in a regulatory spat so serious that it was forced to shut down its gas operations in the Ukraine. Now it has recommended a £77 million bid and a local oligarch also wants to buy them. Here we look at the potential for an all out bidding war, and the main players in this drama surrounding one the market’s most colourful companies.
13/12/10
Is there a light at the end of the tunnel for Regal Petroleum shareholders? After a tough few months, in which technical and regulatory problems have brought work to a standstill, it has now recommended a £77 million takeover bid, but a local oligarch is lining up an alternative proposal.
25/11/10
Shares shot up 50 percent as it became a bid target. Regal confirmed that it has received a number of approaches and it is in preliminary talks. Speculation is rife surrounding the source of the bids, and investors are eagerly awaiting further details.
10/08/10
The next few months promise to be pivotal to the future of Regal Petroleum (LON: RPT) – and may even act as decisive break with the past. The company has made huge progress in the last past two and half years under new boss David Greer.
06/04/10
Shares in the company were boosted by the good news from the Svyrydivske (SV) gas and condensate field in Ukraine, where work contunues to progress on five more wells.
08/01/10
Regal's 2P reserves are almost equivalent to those of mid-tier oil and gas E & P companies listed on the FTSE, so it should come as no surprise to investors that the company is mulling a move up to the main board.
16/09/09
Ukrainian focused gas producer Regal Petroleum posted a 30% increase in revenues and narrowed its operating loss, expecting a significant increase in production in H2 and improved revenues next year.
02/01/09
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