RPT.L Regulatory News (RPT)

10 Nov 2005 15:11

Regal Petroleum PLC10 November 2005 Immediate Release 10 November 2005 REGAL PETROLEUM PLC ("Regal" or the "Company") Drilling Commenced on Suceava Block, Romania The Directors are pleased to announce that Regal has commenced the drilling ofan exploration well, RSD-1, on the Suceava Block, Romania. The Suceava Block is one of the largest exploration blocks in Romania with anarea of 4,103 square kilometres and is located in the Moldavia Platform, whichcontains several large commercial gas and condensate fields. The Suceava Blockis located adjacent to and on the same geological trend as the largestcommercial gas field in Romania, operated by Romgaz (the Romanian national gascompany). This, the second Regal operated well in Romania, is in the northwest of theSuceava Block, and has now commenced drilling. It is scheduled to be drilled toits target depth of 1100 metres by the middle of December 2005, with a budget of$1.5 million. The well has reservoir objectives within the Sarmatian sandstones.All target intervals will be logged with complete logging suites, and ifappropriate, flow tested. For further information, please contact: Regal Tel: 020 7408 9500Roger Phillips, Finance Director Buchanan Communications Tel: 020 7466 5000Bobby Morse / Ben Willey This information is provided by RNS The company news service from the London Stock Exchange