Regal Petroleum plc
("Regal" or the "Company")
23 August 2010
Regal Petroleum spuds exploration well in Romania
Regal, the AIM-listed oil and gas exploration and production group (symbol: RPT), is pleased to announce the spud of exploration well E-1 Sagna on 22 August 2010 in its 100%-held Barlad Concession in Romania.
E-1 Sagna is being drilled based on an expanded network of 2D seismic profiles close to Regal's RBN-4 gas discovery announced on 13 December 2007. The well is designed to provide an additional test of the regionally productive gas-bearing Sarmatian aged sandstone reservoirs. The planned total depth of the well will be approximately 900 metres and it is anticipated that the well will be completed by mid-September.
For further information, please contact:
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Regal Petroleum plc |
Tel: 020 7408 9500 |
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David J Greer, CEO |
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Strand Partners Limited |
Tel: 020 7409 3494 |
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Simon Raggett / Rory Murphy |
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Mirabaud Securities |
Tel: 020 7878 3362 |
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Peter Krens / Pav Sanghera |
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Citigate Dewe Rogerson |
Tel: 020 7638 9571 |
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Enquiries: Martin Jackson / George Cazenove |
This information is provided by RNS