Regal Petroleum PLC
23 November 2007
Immediate Release 23 November 2007
REGAL PETROLEUM PLC
('Regal' or 'the Company')
Egypt Well Plugging
and Abandonment
The Company announces that an unsuccessful well test has been conducted in the
ERB-B-1X well operated by Apache East Ras Budran Corp. LDC ('Apache') in the
East Ras Budran ('ERB') Concession in which Regal holds a 25% working interest.
The well was spudded on 7 October 2007 and drilled to a total depth of 5,146
feet in basement, several zones in the well had oil shows and the well was
subsequently tested without a productive flow of oil being achieved. The well is
now being plugged and abandoned.
The ERB-B-1X well is the second of two commitment wells in the initial
exploration period of the ERB Concession. An additional exploration well,
ERB-B-2X, is now under consideration to be drilled in late 2007 if a suitable
drilling rig can be mobilised to the area.
For further information, please contact:
Regal Tel: 020 7408 9500
David Greer, Chairman & CEO
Evolution Securities Tel: 020 7071 4300
Robert Collins
Mirabaud Securities Tel: 020 7321 2508
Pav Sanghera
In accordance with the guidelines of the AIM market of the London Stock
Exchange, Neil Ritson BSc (Hons) Geophysics, FGS, is the qualified person that
has reviewed the technical information contained in this press release.
This information is provided by RNS
The company news service from the London Stock Exchange