Business
2013 Interim Results
2013 Interim Results.
About this update from Enwell Energy Plc
[{"type":"text","content":"\n \nRNS Number : 6953O Regal Petroleum PLC 24 September 2013 \n \n\n \n24 September 2013\n \n \nREGAL PETROLEUM PLC\n \n2013 INTERIM RESULTS\n \n \nRegal Petroleum plc (the \"Company\", and with its subsidiaries, the \"Group\"), the AIM-quoted (RPT) oil and gas exploration and production group, today announces its unaudited results for the six months ended 30 June 2013.\n \nPrincipal Developments\n \nOperations\n \n· Average production over the six month period to 30 June 2013 at 199,984 m3/d of gas and 44 m3/d of condensate (1,525 boepd in aggregate)\n \n· Well SV-53 to undergo hydraulic fracturing\n \n· Well SV-59 drilled to depth of 4,957 metres, towards target depth of 5,470 metres\n \n· Upgrading of gas processing facility underway to improve efficiency and quality of gas produced, and provide for recovery of LPG\n \nFinance\n \n· Revenue from continuing operations for six month period to 30 June 2013 of $19.7 million (1H 2012: $22.0 million)\n \n· Profit from continuing operations for six month period to 30 June 2013 of $2.1 million (1H 2012: $6.7 million)\n \n· Realised average gas and condensate prices in Ukraine for six month period to 30 June 2013 of $419/Mm3 and $91/bbl respectively (1H 2012: $422/Mm3 and $104/bbl respectively)\n \n· Cash at 30 June 2013 of $26.8 million (31 December 2012: $28.5 million), with cash balance at 22 September 2013 of $24.6 million\n \n \n \nFor further information, please contact:\n \n\n\n\n\nRegal Petroleum plc\n\n\nTel: 020 3427 3550 \n\n\n\n\nKeith Henry, Chairman\n\n\n\n\n\n\n\nAlexey Timofeyev, Director\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nStrand Hanson Limited\n\n\nTel: 020 7409 3494\n\n\n\n\nRory Murphy / Richard Tulloch\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nCitigate Dewe Rogerson\n\n\nTel: 020 7638 9571\n\n\n\n\nMartin Jackson / Jack Rich\n\n\n \n\n\n\n\n \n \nJoe Staffurth, BSc Geology, PESGB, AAPG, consultant to the Company, has reviewed and approved the technical information contained within this press rele...