17 Oct 2019 07:00
17 October 2019
REGAL PETROLEUM PLC
Spud of SV-54 Well
Regal Petroleum plc (AIM: RPT), the AIM-quoted oil and gas exploration and production group, is pleased to announce the spudding yesterday of the SV-54 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 5,320 metres, with drilling operations scheduled to be completed by the end of the second quarter of 2020, and, subject to successful testing, production hook-up during the third quarter of 2020. The well is a development well, with its primary targets being the B-22 and B-23 horizons in the Visean formation.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information, please contact:
Regal Petroleum plc | Tel: 020 3427 3550 |
Chris Hopkinson, Chairman | |
Sergii Glazunov, Chief Executive Officer | |
Bruce Burrows, Finance Director | |
Strand Hanson Limited | Tel: 020 7409 3494 |
Rory Murphy / Richard Tulloch |
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Arden Partners plc | Tel: 020 7614 5900 |
Ruari McGirr / Dan Gee-Summons (Corporate Finance) |
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Simon Johnson (Corporate Broking) |
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Citigate Dewe Rogerson | Tel: 020 7638 9571 |
Louise Mason-Rutherford / Nick Hayns / Elizabeth Kittle |
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Dmitry Sazonenko, MSc Geology, MSc Petroleum Engineering, Member of AAPG, SPE and EAGE, Director of 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.