14 Mar 2018 10:53
14 March 2018
Regal Petroleum plc
("Regal" or the "Company")
Spud of VAS-10 Well
Regal Petroleum plc (AIM: RPT), the AIM-quoted oil and gas exploration and production group, announces the spudding yesterday evening of the VAS-10 well at its 100% owned and operated Vasyschevskoye (VAS) gas and condensate field in Ukraine.
The well has a target depth of 3,450 metres, with drilling operations scheduled to be completed in June 2018 and, subject to successful testing, production hook-up during the third quarter of 2018. The well is targeting reservoirs 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 | |
Strand Hanson Limited | Tel: 020 7409 3494 |
Rory Murphy / Richard Tulloch |
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Citigate Dewe Rogerson | Tel: 020 7638 9571 |
Louise Mason-Rutherford / Shabnam Bashir |
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Philip Frank, PhD Geology, Chartered Geologist, FGS, PESGB, 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.