Regency Mines chair details plans for US oil investments

Andrew Bell, chairman of Regency Mines (LON:RGM), sheds light on the company’s planned oil investments in the United States after it told investors it was eyeing near-term cash generative assets.

“The opportunities are located in Texas & Louisiana,” Bell told Proactive Investors. “Essentially they are a variety of reworking propositions - three of which are already generating cash flow.

“We believe that cash flow could increase and the operations could become quite profitable in a relatively short space of time.”

With natural resource markets still relatively weak, Regency is giving priority to the acquisition and development of low risk, low cost, cash generating assets with development potential.

Back in April, the firm sold out of the Horse Hill oil project in Sussex, UK.

Quick facts: Corcel

Price: 1.025 GBX

Market: LSE
Market Cap: £1.95 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Corcel named herein, including the promotion by the Company of Corcel in any Content on the Site, the Company receives from said issuer annual...



Regency Mines CEO discusses new storage and solar opportunity and latest at...

Regency Mines PLC's (LON:RGM) CEO Scott Kaintz discusses with Proactive London's Andrew Scott the acquisition of a 50% interest in Weirs Drove Development Ltd (WDD) - a developer of energy storage and solar projects in the United Kingdom. Kaintz also reports on a positive outcome from the...

3 weeks, 2 days ago

2 min read