Business
Cancellation of Ministry Order in the Ukraine
Cancellation of Ministry Order in the Ukraine.
About this update from Enwell Energy Plc
[{"type":"text","content":"\n \nRNS Number : 9475L Regal Petroleum PLC 08 August 2011 \n \n\nRegal Petroleum plc\n(\"Regal\" or the \"Company\")\n \n8 August 2011\n \nCANCELLATION OF MINISTRY ORDER IN UKRAINE \nPRODUCTION UPDATE\n \nRegal, the AIM-listed oil and gas exploration and production group (symbol: RPT), provides an update on its Ukrainian operations. \n \nAs previously announced, on 21 May 2010, the Company received an order, dated 30 March 2010, signed by the Minister of Environmental Protection identifying certain matters requiring rectification in relation to Regal's compliance with certain legislation in Ukraine relating to its operations at its Mekhediviska Golotvshinska (\"MEX-GOL\") and Svyrydivske (\"SV\") gas and condensate fields, and requiring a suspension of operations whilst such matters were rectified (the \"Ministry Order\"). \n \nAs announced on 26 July 2011, the District Administrative Court of Kiev made a ruling dated 18 July 2011 that the Ministry Order was unlawfully issued and ordering its cancellation. This ruling was capable of being appealed during a 10 day period from 26 July 2011, failing which the decision would come into force on 6 August 2011. No appeal has been filed and accordingly this ruling has now come into force.\n \nAs previously announced, the Company has recently re-commenced production at the MEX-GOL and SV fields. Over the last 7 days the average production was 190,322 m3/d of gas and 38 m3/d of condensate (1,427 boepd in aggregate).\n \n \nFor further information, please contact:\n \nRegal Petroleum plc Tel: 020 7408 9500 \nKeith Henry, Chairman \nRobert Wilde, Finance Director\n \nStrand Hanson Limited Tel: 020 7409 3494 \nSimon Raggett / Rory Murphy\n \nCitigate Dewe Rogerson Tel: 020 7638 9571\nMartin Jackson \n \n \nJoe Staffurth, BSc Geology, PESGB, AAPG, consultant to the Company, has reviewed and approved the technical information contained within this press release...