21 February 2013
REGAL PETROLEUM PLC
Spud of SV-59 Well, Ukraine
Regal Petroleum plc, the AIM-listed (RPT) oil and gas exploration and production group, is pleased to announce the spudding today of the SV-59 well at its 100% owned and operated Mekhediviska-Golotvshinska (MEX-GOL) and Svyrydivske (SV) gas and condensate fields in Ukraine.
The well has a target depth of 5,470 metres, with drilling operations scheduled to be completed in December 2013 and, subject to successful testing, production hook-up by the end of the first quarter of 2014. The well is targeting the Visean reservoirs ("B-Sands").
For further information, please contact:
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Regal Petroleum plc |
Tel: 020 3427 3550 |
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Keith Henry, Chairman |
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Alexey Timofeyev, Director |
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Strand Hanson Limited |
Tel: 020 7409 3494 |
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Rory Murphy / Richard Tulloch |
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Citigate Dewe Rogerson |
Tel: 020 7638 9571 |
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Martin Jackson / Jack Rich |
Joe Staffurth, BSc Geology, PESGB, AAPG, consultant to the Company, has reviewed and approved the technical information contained within this press release in his capacity as a qualified person, as required under the AIM Rules.
This information is provided by RNS