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Drilling Update Romania

23 Aug 2010 07:00

RNS Number : 4407R
Regal Petroleum PLC
23 August 2010
 



 

Regal Petroleum plc

("Regal" or the "Company")

 

 

23 August 2010

 

Regal Petroleum spuds exploration well in Romania

 

 

Regal, the AIM-listed oil and gas exploration and production group (symbol: RPT), is pleased to announce the spud of exploration well E-1 Sagna on 22 August 2010 in its 100%-held Barlad Concession in Romania.

E-1 Sagna is being drilled based on an expanded network of 2D seismic profiles close to Regal's RBN-4 gas discovery announced on 13 December 2007. The well is designed to provide an additional test of the regionally productive gas-bearing Sarmatian aged sandstone reservoirs. The planned total depth of the well will be approximately 900 metres and it is anticipated that the well will be completed by mid-September.

 

 

 

For further information, please contact:

 

Regal Petroleum plc

Tel: 020 7408 9500

David J Greer, CEO

Strand Partners Limited

Tel: 020 7409 3494

Simon Raggett / Rory Murphy

 

 

 

Mirabaud Securities

Tel: 020 7878 3362

Peter Krens / Pav Sanghera

 

 

 

Citigate Dewe Rogerson

Tel: 020 7638 9571

Enquiries: Martin Jackson / George Cazenove

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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