November 22, 2007
Nick Hasell: Tempus
Only a year or so ago, Shell and Regal Petroleum might have been seen as the two least-likely bedfellows in the oil and gas sector. The debacle surrounding Regal’s dry well in Greece, in a field previously claimed to contain a billion barrels of oil, and the promotional antics of founder Frank Timis – notorious for his two convictions for heroin possession in the 1990s – made Regal a byword for the excesses and overhyping of AIM’s natural resources stocks.