Regal Partners Ltd V.RPL

RE:Renegade Annual Meeting Results News Release?

[counterintuitive247]

Hi InvestoFan,

I attended the AGM. So I will enlighten all on what went down.  With No surprise the audience was quick to ask questions about the strategic alternatives.  As we should all know the management cant talk about this but has assured they are working on it.  

Micheal presented the presentation, (currently on the website). Basically the upside in this company is in the new aquired queensdale property.  Opprotunity to book more reserves, Multilaterals and cost reduction and results are great with low decline production.

Since the viking dispostion to Teine it was breifly said that The viking is a minimal focus and theres about 81 low risk wells left to maintain the 2500 bbl production.  ( I wont be surprised if they sell this property to one of the viking players RRX, Whitecap...this could substantially reduce their debt to cf ratio).  

 There was a small showing of the BOD, and it was made known that tno show was unacceptable to the shareholders.  I witnessed Micheal getting lashed with dissappointment comments and really think he will relay the message to the missing BOD.

I stuck around for a bit and spoke with fellow other shareholders / bankers.  Seems things are positive and high likelyhood  that this thing is gonna be ran by someone else with a re*****tion to make shareholders money.

Just need some patience as we watch the share price bobblelike a penny stock.  Hope this sheds a little light.  It was pretty vague on information and more of a lashing on Micheal and co