Summary
REGAL Petroleum, the troubled oil and gas firm run by Romanian maverick Frank Timis, has slashed estimates of its reserves in Greece and announced increased annual losses.
Less than two weeks after a dry well on much-hyped acreage in Greece sent the company's stock plunging, shares in Alternative Investment Market-listed Regal gave up another 31-per cent on more bad news from a former star of the independent sector.See the full content of this document
Extract
Greek Reserves Downgrade Is Another Blow for Regal
The latest set-back was prompted by the disclosure that recoverable reserves in the south Europe...
See the full content of this document
Sponsored links
