RPT.L Regulatory News (RPT)

11 Feb 2008 14:31

Regal Petroleum PLC11 February 2008 Immediate Release 11 February 2008 REGAL PETROLEUM PLC ("Regal" or "the Company") Third Exploration Well in Egypt The Company is pleased to announce that Apache East Ras Budran Corp. LDC, asoperator of the East Ras Budran Concession (the "Concession") in Egypt, hasspudded the ERB-B-2X well, which is the third exploration well on theConcession. The ERB-B-2X well, which is planned to take approximately 35 days to drill, isprimarily targeting the Cambrian Naqus-Araba sandstone formation and is expectedto be drilled to a total depth of approximately 4800 feet. The Company holds a 25% working interest in the Concession which covers an areaof 521 square kilometres onshore in the Gulf of Suez. For further information, please contact: Regal Tel: 020 7408 9500David J Greer, Chairman & CEO Strand Partners Tel: 020 7409 3494Simon Raggett / Rory Murphy Mirabaud Securities Tel: 020 7878 3362Peter Krens / Pav Sanghera Citigate Dewe Rogerson Tel: 020 7638 9571Martin Jackson / Scott Fulton In accordance with the guidelines of the AIM market of the London StockExchange, Antonio Mozetic, PhD Geological Sciences, SPE, Director of RegalPetroleum plc, is the qualified person that has reviewed the technicalinformation contained in this press release. This information is provided by RNS The company news service from the London Stock Exchange