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Spud of MEX-109 Well, Ukraine

28 Jul 2016 14:56

RNS Number : 5604F
Regal Petroleum PLC
28 July 2016
 

 

28 July 2016

 

REGAL PETROLEUM PLC

Spud of MEX-109 Well, Ukraine

 

 

Regal Petroleum plc, the AIM-listed (RPT) oil and gas exploration and production group, is pleased to announce the spudding today of the MEX-109 well at its 100% owned and operated Mekhediviska-Golotvshinska (MEX-GOL) and Svyrydivske (SV) gas and condensate fields in Ukraine.

 

The well has a target depth of 5,250 metres, with drilling operations scheduled to be completed in March 2017 and, subject to successful testing, production hook-up by the end of the second quarter of 2017. The well is targeting the Visean reservoirs ("B-Sands").

 

 

 

 

For further information, please contact:

 

Regal Petroleum plc

Tel: 020 3427 3550

Keith Henry, Chairman

Sergei Glazunov, Finance Director

Strand Hanson Limited

Tel: 020 7409 3494

Rory Murphy / Richard Tulloch

 

 

 

Citigate Dewe Rogerson

Tel: 020 7638 9571

Martin Jackson / Shabnam Bashir

 

 

 

 

Philip Frank, PhD Geology, Chartered Geologist, FGS, PESGB, consultant to the Company, has reviewed and approved the technical information contained within this press release in his capacity as a qualified person, as required under the AIM Rules.

 

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