Updates

Regal Petroleum - Shares up 173% since Jan '03 buy

February 2004

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Another Sharewatch recommendation to go nuts this month - Regal - announced that its Greek subsidiary, Kavala Oil, had struck it lucky with the drilling of its first exploration well in the Kallirachi field in Greece. The news sent the shares up 79p to 214.5p.Regal acquired 57.7% of Kavala (through acquiring 90% of Eurotech Services which owned 67% of Kavala) last year for 4.8m Regal Shares and the provision of a £20 million loan facility to drill Kallirachi and develop the existing fields. Kavala which was formerly a lossmaking state-owned business has exclusive rights to develop, exploit and operate oil fields in the North Aegan Sea. Its existing facility - which had cost US$650m to build - produces ...

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Filtronic - Refinances its loan notes

Highbury House

Regal Petroleum - Greek news still awaited (May 2005)

Regal Petroleum - Continues data collection (March 2005)

Regal Petroleum - Drilling report due this month (February 2005)

Regal Petroleum - Evolution suggests 550p price target based on Kallirachi success (January 2005)

Regal Petroleum - Starts drilling in Kallirachi (November 2004)

Regal Petroleum (October 2004)

Regal Petroleum - Evolution says assets worth 667p (excluding Romania) (September 2004)

Regal Petroleum - New high ahead of anticipated newsflow (July 2004)

Regal Petroleum - Ukrine gas plant going gangbusters (June 2004)

Regal Petroleum - 25-fold increase in production in 2004; Reserve update due in June (May 2004)

Regal Petroleum - First positive trading update since float (February 2003)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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