Business
Company Update
Company Update.
About this update from Enwell Energy Plc
[{"type":"text","content":"\n RNS Number : 5977Q Regal Petroleum PLC 15 April 2009 \n \nRegal Petroleum plc\n('Regal' or the 'Company')\n\n\n15 April 2009\n\nCOMPANY UPDATE\n\n\nRegal Petroleum, the AIM-listed (RPT) oil and gas exploration and production group operating in Ukraine, Romania and Egypt, today announces that it has suspended discussions with Macquarie Bank Limited in relation to the prospective provision of a loan facility for up to $US100 million. \n\nRegal's primary objective remains to further strengthen its financial position on optimal terms and provide the funds to implement the Company's development strategy, which the Company believes will deliver significant value to shareholders.\n\nNegotiations with other potential lenders and commercial / joint venture partners continue, and further announcements will be made as appropriate.\n\n\n \n \nFor further information, please contact:\n\nRegal Petroleum plc Tel: 020 7408 9500 \nDavid J Greer, CEO\n\nStrand Partners Limited Tel: 020 7409 3494 \nSimon Raggett / Rory Murphy\n\nMirabaud Securities Tel: 020 7878 3362\nPeter Krens / Pav Sanghera\n\nCitigate Dewe Rogerson Tel: 020 7638 9571\nEnquiries: George Cazenove\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCSFIFSISUSEFL \n ","length":3659,"tagName":"div"}]