Business
Egypt Update
Egypt Update.
About this update from Enwell Energy Plc
[{"type":"text","content":"\n RNS Number : 2700W Regal Petroleum PLC 09 June 2008 \n \n\n\n\n9 June 2008\n\nREGAL PETROLEUM PLC\n('Regal' or the 'Company')\n\nEgypt Update\nFirst production of ERB-A-1X\n\n\nRegal (AIM: RPT), the independent oil & gas exploration and production company, announces first oil from the ERB-A-1X well. Regal holds a 25% working interest in the East Ras Budran Concession in Egypt which is operated by Apache East Ras Budran Corp. LDC ('Apache').\n\nThe Company announced the discovery of oil in the ERB-A-1X exploration well and plans for a production tie-in on 24th September 2007. The well has now been successfully tied into the nearby Suez Oil Company (SUCO) production facility and brought on stream on 7th June 2008 with a recorded initial production rate of ca.1100 bbl/day.\n\nA further announcement will be made once production rates have stabilised.\n\nRegal's Chief Executive Officer, David J Greer, commented: \n\n'We are delighted to announce the commencement of oil production in Egypt and are grateful for all of the efforts of our partners who have worked together to achieve this significant milestone safely and according to plan. Egypt now joins Ukraine as a focused production play for Regal Petroleum and complements our ongoing exploration and appraisal efforts in Romania.'\n\nFor further information, please contact:\n\n\n\n\n\nRegal\n\n\nTel: 020 7408 9500\n\n\n\n\nDavid J Greer, CEO\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nStrand Partners\n\n\nTel: 020 7409 3494\n\n\n\n\nSimon Raggett / Rory Murphy\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nMerrill Lynch International\n\n\nTel: 020 7996 2629\n\n\n\n\nAndrew Osborne\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nMirabaud Securities\n\n\nTel: 020 7878 3362\n\n\n\n\nPeter Krens / Pav Sanghera\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\nKate Lehane\n\n\n \n\n\n\n\n\nIn accordance with the guidelines of the AIM market of the London Stock Exchange, Antonio Mozetic, PhD Geological Sciences, SPE, Director of Regal Petroleum plc, is the qualified person that has reviewed the technical information contained in this press release.\n\nThis information is provided by RNSThe company news ...