Regal suitor told to clarify intentions
7th Feb 2011 18:16
The takeover panel has ordered Cypriot finance house Heamoor, which is considering an offer for oil group Regal Petroleum, to announce a firm intention to make an offer for the company or walk away. Trading in AIM-listed oil firm Regal Petroleum was suspended last week as the company unveiled detai
Read moreResource stocks round-up: Regal, Range, Roxi
27th Jan 2011 14:14
Oil and gas exploration and production group Regal Petroleum has entered into a conditional sale and purchase agreement with Apache East Ras Budran Corporation LDC in respect of its 25% non-operated interest in the East Ras Budran Concession in Egypt. Apache is currently Regal's partner in the conc
Read moreCypriots cooking up alternative offer for Regal
18th Jan 2011 09:23
Trading in AIM-listed oil firm Regal Petroleum was suspended Tuesday as the company unveiled details of a possible alternative offer to the recommended takeover by Energees Management. The new option on the table for Regal shareholders is a proposed reverse takeover of Geo-Alliance, a leading priva
Read morePossible 24p a share bid for Regal Petroleum
10th Dec 2010 13:52
Regal Petroleum is in discussions that could lead to a 24p a share bid for the oil and gas company, which represents a 60% loss on the flotation price of 60p a share in September 2002. AIM-quoted Regal raised £44.9m at 390p a share in April 2005, so anyone taking those shares up will lose 94% of t
Read moreSmall caps round-up: Europa Oil, Regal Petroleum, Cardiff Property...
25th Nov 2010 12:46
Shares in Europa Oil & Gas gushed ahead after it said drilling at the Barchiz-1 exploration well in Romania encountered oligocene sandstone reservoirs similar to those seen in a nearby field. 'Clearly we are extremely encouraged by this result and look forward to seeing the flow test results in the
Read moreSmall caps round-up: Judges Scientific, Media Corp, Omeda Diagnostics...
17th Nov 2010 14:31
Scientific instruments designer Judges Scientific revealed that trading has continued to be "favourable" and adjusted earnings in respect of 2010 are likely to exceed current market expectations. Additionally, gas purifier and calibration equipment provider Sircal Instruments, acquired in March, has
Read moreLondon close: Miners keep Footsie in the blue
25th Oct 2010 17:04
Were it not for the strength of miners today Footsie would undoubtedly have ended in the red, as many share prices experienced a late swoon. Miners were wanted on expectations that the US dollar will suffer a relapse after the G20 agreement over the week-end that should, if adhered to, bring an end
Read moreLondon afternoon: Miners retain most of their gains
25th Oct 2010 14:28
London has lost some of its gains in the early afternoon but it is showing signs of a renewed upturn. Miners remain the best performers on expectations that the US dollar will suffer a relapse after the G20 agreement over the week-end that should, if adhered to, bring an end to so-called currency w
Read moreRegal gets stuck down hole
19th Oct 2010 18:12
More bad news from the bungling Regal Petroleum, which has got part of its drilling equipment stuck down a hole in the Ukraine. The announcement was made at 4.17pm but the shares still fell by 13% to 13p. The bottom hole assembly got stuck when it was being pulled out of the SV69 well in the Uk
Read moreFriday tips round-up: ICAP, Compass, Finsbury Foods
1st Oct 2010 06:07
Icap's shares took a fall yesterday, largely because its failure to do anything more than meet expectations after rallying sharply since February's 40 per cent slump. The recent development of an electronic market for euro interest rate swaps, by some measures the world's biggest financial market, i
Read moreRegal CEO goes as production slumps
30th Sep 2010 15:37
Shares in Regal Petroleum bombed today following "poorer than anticipated" production and the resignation of the chief executive David Greer. The UK oil and gas explorer currently at work in Ukraine dropped 27% today and are down about 80% this year. Keith Henry, current chairman of Regal will as
Read moreRegal Petroleum MEX-120 Well Drilling At Depth Of 5,294 Meters
22nd Jul 2010 15:21
LONDON (Dow Jones)--Regal Petroleum PLC(RPT.LN), an oil and gas exploration and production group, said Thursday that the MEX-120 well is drilling ahead in the 81/2 inch hole at a depth of 5,294 meters towards the final well TD planned at 5,370 meters, where the 7 inch liner will be run prior to perf
Read moreUPDATE: Sierra Leone's Iron Ore To Outshine Diamond Revenue
13th Jul 2010 15:39
(Adds quote from minister and details.) By Devon Maylie Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Iron ore production in Sierra Leone will make a bigger contribution to the national annual revenue in five years' time than the country's traditional money-earner diamonds, Sierra Leone's m
Read moreUK SMALLCAP ROUNDUP: Regal Petroleum Gets Ukraine Injunction
2nd Jul 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps REGAL PETROLEUM PLC (RPT.LN), an oil and gas explorer, Friday got approval to continue drilling and production in the Ukraine after an order halting its
Read moreUPDATE: Regal Petroleum Shares Rise On Ukraine Injunction
2nd Jul 2010 14:30
(Adds detail, share price) By Hannah Benjamin & Zechariah Hemans Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Shares in oil and gas explorer Regal Petroleum PLC (RPT.LN) climbed nearly 9% Friday, after the company got approval to continue drilling and production in the Ukraine after an ord
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