Last 0.13 GBp
Change Today -0.005 / -3.70%
Volume 1.1M
RGM On Other Exchanges
Symbol
Exchange
London
As of 7:35 AM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

regency mines plc (RGM) Snapshot

Open
0.14 GBp
Previous Close
0.14 GBp
Day High
0.14 GBp
Day Low
0.13 GBp
52 Week High
09/15/14 - 0.57 GBp
52 Week Low
12/16/14 - 0.12 GBp
Market Cap
2.3M
Average Volume 10 Days
11.2M
EPS TTM
-0.0012 GBp
Shares Outstanding
1.8B
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for REGENCY MINES PLC (RGM)

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regency mines plc (RGM) Details

Regency Mines Plc is engaged in the exploration and development of mineral properties in Australia, Papua New Guinea and Sudan. It primarily explores for nickel, gold, copper, agro minerals, and other base metals. The company’s principal asset is the Mambare nickel laterite project located in Papua New Guinea. It also has interests in base metals and graphite projects in Western Australia, and a gold/copper prospect in Queensland. Regency Mines Plc was founded in 2004 and is based in London, the United Kingdom.

Founded in 2004

regency mines plc (RGM) Top Compensated Officers

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regency mines plc (RGM) Key Developments

Regency Mines Plc Announces Audited Consolidated Earnings Results for the Year Ended June 30, 2014

Regency Mines Plc announced audited consolidated earnings results for the year ended June 30, 2014. For the year, the company's total revenue was £1,225,075, loss for the year before taxation was £1,515,447, and loss for the year attributable to owners of the parent was £1,508,812 or 0.12 pence per basic and diluted share against total revenue of £261,941, loss for the year before taxation of £5,166,017, and loss for the year attributable to owners of the parent of £5,352,311 or 0.60 pence per basic and diluted share for the same period a year ago. Net cash outflow from operations was £462,526 and purchase of property, plant and equipment was £1,028 against net cash outflow from operations of £1,169,899 and purchase of property, plant and equipment of £22,240 a year ago.

Regency Mines Plc Announces Horse Hill-1 Provisional Results at TD, Weald Basin UK

Regency Mines Plc announced that the Horse Hill-1 well was successfully completed with a discovery in the Jurassic and has reached total depth (TD) at 8,770 feet measured depth (MD) in rocks of pre-Triassic Palaeozoic age, which were prognosed at that depth. The well has been electrically logged from the previous casing point to TD and a vertical seismic profile (VSP) has been acquired to correlate the well to the available 2D seismic data. The logs are now being analysed along with all other relevant data from the well. In addition, the well is currently being prepared for future flow testing in the identified Jurassic age Portland Sandstone discovery. Portland Discovery: The well is currently being prepared for testing and as a probable future oil production well from the Portland Sandstone oil discovery, where, as announced on 24 October 2014, a preliminary most likely estimate of 3.1 million barrels (mmbbls) of gross in place oil has been calculated within the upper Portland from a 102-foot gross oil column, with a further most likely unrisked undiscovered gross oil in place volume of 16.8 mmbbls in a separate lower sand in the Portland interval located in an untested fault block immediately to the south. On completion of the analysis of the electric logs and the VSP, Horse Hill Developments Ltd. (HHDL) as operator, intends to apply to the Department of Energy and Climate Control ("DECC") for permission to carry out a flow test on the Portland Sandstone. Kimmeridge Limestone Potential: Geochemical studies, to determine oil source rock richness and thermal maturity, are being conducted on rock samples from the Kimmeridge Clay, Oxford Clay and Liassic Shale formations encountered in the well. The geochemical analyses will be integrated with other data in order to evaluate the potential for Horse Hill-1, and the area to the southwest, to have generated hydrocarbons resulting in the trapping of oil in the Portland and other reservoir objectives within the southern area of PEDL 137. Preliminary analysis of samples from the Kimmeridge Clay immediately below the Portland Sandstones, in a section which also contains oil shows and multiple limestone sections individually up to 105 feet in thickness, have higher than expected oil source potential with a measured total organic carbon content (TOC) of over 5% by weight. The operator continues to investigate the conventional potential of the Kimmeridge Limestones in a possibly analogous situation to the nearby Balcombe oil discovery. Triassic Target: The Triassic target, which although previously untested was believed to have potential for gas, was penetrated at 8,054 feet MD and an approximately 380-foot thick interval, interpreted to be equivalent to the Rhaetic and Mercia Mudstone formations, and was drilled without any observable reservoir rocks or moveable gas being encountered. The Mercia Mudstone overlies and seals the Triassic Sherwood Sandstone oil pool of the Wytch Farm Oil Field in the Wessex Basin. The Horse Hill-1 well results suggest the prognosed Triassic reservoir rocks, equivalent to the Sherwood Sandstone, are not developed this far north in the basin, though they may be developed to the southwest closer to the center of the basin. The Marriott 50 rig will be demobilised over the coming week from the well site and all equipment will be removed pending a future decision on testing and production.

Regency Mines plc Announces Drilling Update on Horse Hill-1, Weald Basin UK

Regency Mines Plc announced that, following preliminary evaluation of the electric logs, the Horse Hill-1 well has discovered an oil accumulation in the conventional Upper Jurassic Portland Sandstone at a top reservoir depth of 1,791 feet TVDss. A preliminary most likely estimate of 3.1 million barrels (mmbbls) of gross in place hydrocarbon volume has been calculated within the upper Portland, with a further gross unrisked in place prospective hydrocarbon volume of 16.8 mmbbls of oil in a separate lower sand in the Portland interval located in an untested fault block to the south. As previously announced, the well is being deepened to the Triassic where an additional target, believed to have potential for gas, is expected to be reached in the next two weeks. The upper Portland Sandstone reservoir, which produces at the nearby Brockham oil field, was also intersected by the Collendean Farm-1 exploration approximately 790 metres north of the Horse Hill-1 well. Using the solely available 2D seismic data and the well results, the operator has mapped an area of closure of approximately 3.8 square kilometres where the Portland Sandstone is above the observed oil down to at a depth of 1,901 feet TVDss. The presence of two wells within the same mapped structural closure significantly increases the confidence in a commercial discovery and there is every indication that the Portland reservoir can be developed as a commercial oil field.

 

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Price/Sales 21.1x
Price/Book 0.2x
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TEV/Sales 28.4x
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