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Regal Petroleum

David Greer still bobbing and weaving at Regal

In February, David Greer, chief executive, said he expected the loan documentation to be finalised within six weeks. However, on Wednesday he said: “We chose to suspend talks with Macquarie because of the heavy obligations and onerous conditions that were being proposed.

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Regal Denies Receiving $1.2Bln Bid From Shell

Regal CEO David Greer declined to comment, as did Shell spokeswoman Olga Gorodilina.

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He abdicated from Regal but he’s still in energy’s Vanguard

As the share price of Regal Petroleum, the London-based but Ukraine-focused oil producer, surged amid reports that Royal Dutch Shell was mounting a $1.2bn (£680m) bid for the company, a heavily moustached 52-year-old was watching the move with surprise.

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Regal denies reports of $1.2bn approach by Shell

Mr Greer added: “Nobody in this company has received any letter from Shell of the type reported in the newspapers?.?.?.?The only letter I have received from Shell is my pension statement.”

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Business big shot: David Greer of Regal Petroleum

Mr Greer's exhortations that his staff should “lead me, follow me or get out of my way” bore a striking resemblance to a famous speech given by the American general George Patton to troops during the Second World War. Widely ridiculed, Mr Greer, every inch the grizzled oilman, resigned.

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Regal shares soar on Shell bid reports

Despite denials from Regal yesterday that it had received an approach, some shareholders are convinced that the company is in play.

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Mystery and speculation once again engulf Regal Petroleum

It is understood that a letter proposing such a deal is in existence but there are doubts as to its status.

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Regal Petroleum denies $1.2bn Shell offer

In a formal statement released this morning, Regal said they had not received an offer. But the denial did not convince the market that a bid offer is out of the question, as Regal shares were holding their early gains by late morning.

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Regal Petroleum Jumps on Reports Shell to Bid $1.2 Billion

Shell spokeswoman Olga Gorodilina declined to comment on the report.

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Regal says no bid approach from Shell

A Regal spokesman said the Daily Telegraph report that the company had received a letter proposing a 300 pence per share bid was not true. "We have seen no such letter," the spokesman said, citing comments he had just received from Chief Executive David Greer.

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Shell plots $1.2bn Regal takeover bid

Royal Dutch Shell, Europe's largest energy company, has proposed a $1.2bn (£600m) takeover of Regal Petroleum, the oil and gas explorer trying to recover from a controversial past under former chief executive Frank Timis.

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