28 Jul 2016 14:56
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 |
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Citigate Dewe Rogerson | Tel: 020 7638 9571 |
Martin Jackson / Shabnam Bashir |
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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.