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Well Test Result
Well Test Result.
About this update from Enwell Energy Plc
[{"type":"text","content":"\n Regal Petroleum PLC\n18 January 2008\n\n\n REGAL PETROLEUM PLC\n ('Regal' or 'the Company')\n\n Second Test on\n RBN-4 Well in Romania\n\nRegal Petroleum (AIM: RPT), the independent oil & gas exploration and production\ncompany, today announces that it has flow tested a second interval at its\nexploration well, RBN-4, in the Barlad Concession, Romania (100% working\ninterest). The RBN-4 well was completed to a total depth of 973 metres TVD on\n27 October 2007.\n\nThis second, higher, interval of 12.7 metres, between 543.3 metres and 556.0\nmetres, in the Sarmatian formation was perforated and tested but no hydrocarbons\nwere present.\n\nResults from the previous successful testing of the lower interval were\nannounced on 13 December 2007. This lower 4.6 metre interval, between 756.7\nmetres and 761.3 metres, in the Sarmatian formation yielded a maximum dry gas\nflow rate of 3.74 MMscf/d on a 12mm choke with a flowing tubing head pressure of\n49 bar over a 24 hour flow period.\n\nThe RBN-4 well has now been suspended to allow re-entry of the lower producing\ninterval and to allow further evaluation of the results of this well.\n\nDavid J Greer, Regal's Chairman and Chief Executive Officer, commented:\n\n'Although the test results of the second interval are disappointing, we are very\nencouraged by the flow rates achieved from the lower zone and we will now be\nevaluating the potential for this gas discovery.'\n\nFor further information, please contact:\n\nRegal Tel: 020 7408 9500\nDavid J Greer, Chairman & Chief Executive Officer\n\nEvolution Securities Tel: 020 7071 4300\nRobert Collins\n\nMirabaud Securities Tel: 020 7321 2508\nPav Sanghera\n\nCitigate Dewe Rogerson Tel: 020 7638 9571\nMartin Jackson\nScott Fulton\n\n\nDefinitions:\n\nbar one atmosphere pressure\nmm millimetres\nMMscf/d million standard cubic feet per day\nTVD true vertical depth\n\n\nIn accordance with the guidelines of the AIM market of the London Stock\nExchange, Antonio Mozetic, PhD Geological Sciences, SPE, Director of Regal\nPetroleum plc, is the qualified person that has reviewed the technical\ninformation contained in this press release.\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":2831,"tagName":"div"}]