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Regal Petroleum (RPT) - oil stock with main reserves in Ukraine. Had a very difficult year with share price falling from £1 to 17p. Bad management, difficulties with the local regulators had led to the fall but a takeover looks imminent before christmas/early january. Shell rumoured to be involved. Take over price could easilt reach 60/70p....well worth a punt imo
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I recently bought Heritage Oil, which i hope is a less riskier proposition. They have potentially billions of barrels in Kurdistan, plus other assets. The share price is depressed because of a CGT dispute ongoing over assets they sold to Tullow in Uganda.
heritage oil listed on lse is £17 a share so it better be less risky.
Think thats the wrong one Money tree, its about £3.40 as we speak. HOC i think
whats ur basis for saying "no chance"?
ps any value in Heritage has been taken years ago...if ur going kurdistan then Gulf Keystone is still great value at 1.80
ps any value in Heritage has been taken years ago...if ur going kurdistan then Gulf Keystone is still great value at 1.80
the 52 week high is 99p cant see a takeover paying much with the current situation.
good luck to you though.
good luck to you though.
Hope you made some money on these 15Stone10Lbs. I bought at 16p and have just sold at 25p for a nice healthy profit in a few weeks. May be much more upside but will wait for the New year before buying again. Had them on a watchlist for sometime - Regal that is
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