Regal Petroleum (RPT)

Sector:

Energy Producers

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53.00p
   
  • Change Today:
    -2.50p
  • 52 Week High: 62.00
  • 52 Week Low: 5.75
  • Currency: UK Pounds
  • Shares Issued: 320.64m
  • Volume: 522,267
  • Market Cap: £169.94m
  • RiskGrade: 506
  • Beta: 0.40

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Regal Petroleum shares rise almost 15% after new well spudding

By Duncan Ferris

Date: Wednesday 14 Mar 2018

LONDON (ShareCast) - (ShareCast News) - Regal Petroleum's shares shot up over 14% on Wednesday after the company announced the spudding of its VAS-10 well in Ukraine.
The well at the Vasyschevskoye gas and condensate field is fully owned and operated by oil and gas exploration company Regal along with the VAS-1, VAS-3 and VAS-5 wells which produce gas and condensate at the field.

The VAS-10 well has a target depth of 3,450 metres, with drilling schedules to be completed in June and production hook-up expected to follow in the third quarter, subject to successful testing.

Regal owns three licences in Ukraine with the production licence for the VAS field covering an area of 33.2 km² after having been granted in August 2012 for a period of 20 years.

Between 1 October and 31 December, the average daily production of gas and condensate from the field was 87,631 m3/d of gas and 6.4 m3/d of condensate, or 616 boepd in aggregate.

In total, including production figures from the company's MEX-GOL, SV and VAS fields, the company increased its overall production for 2017 to 2,800 boepd from 1,700 boepd in 2016.

As of 1643 GMT, Regal Petroleum's shares were up 14.75% at 21.00p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Regal Petroleum Market Data

Currency UK Pounds
Share Price 53.00p
Change Today -2.50p
% Change -4.50 %
52 Week High 62.00
52 Week Low 5.75
Volume 522,267
Shares Issued 320.64m
Market Cap £169.94m
Beta 0.40
RiskGrade 506

Regal Petroleum Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.8% below the market average75.8% below the market average75.8% below the market average75.8% below the market average75.8% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
99.90% above the market average99.90% above the market average99.90% above the market average99.90% above the market average99.90% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income Not Available
Growth
70.98% above the market average70.98% above the market average70.98% above the market average70.98% above the market average70.98% above the market average
73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Regal Petroleum Dividends

No dividends found

Trades for 14-Nov-2018

Time Volume / Share Price
13:46 10,239 @ 53.00p
13:42 6,000 @ 53.00p
13:42 1,877 @ 53.00p
12:39 14,575 @ 52.34p
13:22 38,000 @ 53.00p

Regal Petroleum Key Personnel

CEO Sergii Glazunov

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