Regal Petroleum PLC
04 December 2003
For Immediate Release 4 December 2003
REGAL PETROLEUM PLC
('Regal' or 'the Company')
UKRAINE EXPORT PIPELINE COMPLETED AND CONNECTED
The Board of Directors are pleased to announce that a 13.2 km export pipeline
constructed by Regal, connecting the company's gas processing plant in Ukraine
to the International export trunk line to Western Europe, has been completed and
connected.
All Ukraine government approvals have been obtained and the company's existing
gas production is now being transported through the new pipeline which has a
capacity of 4 million cubic meters of gas per day.
Completion of the pipeline is the culmination of Regal's plan to be independent
of the State owned infrastructure. The company now operates it's own gas and
condensate wells, gas processing plant and pipelines.
Executive Chairman Frank Timis said:
'Completion of the pipeline is a major achievement for Regal as it will
facilitate the planned export of Ukraine gas production and ensures company
control of the infrastructure as well as providing significant cost savings'.
For further information, please contact:
Regal Petroleum Tel: 020 7647 6622
Frank Timis, Executive Chairman
Glenn Featherby, Finance Director
Buchanan Communications Tel: 020 7466 5000
Bobby Morse
Catherine Miles
This information is provided by RNS
The company news service from the London Stock Exchange