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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Regency Mines Plc | LSE:RGM | London | Ordinary Share | GB00BKM69866 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.90 | 0.85 | 0.95 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMRGM
RNS Number : 5526K
Regency Mines PLC
10 July 2017
Regency Mines Plc
("Regency" or "the Company)
Update on Horse Hill Oil Discovery, Weald Basin UK
10 July 2017
Regency today announces that it has been informed by the operator, Horse Hill Developments Limited ("HHDL"), that following communications with the Surrey County Council ("SCC"), HHDL now understands that the Horse Hill planning application will be determined at the scheduled SCC Planning Committee meeting of either August or September 2017. The planning application seeks consent to long-term production testing of Horse Hill-1 well ("HH-1") and the drilling two further wells. HHDL's plans remain unchanged, with flow testing expected to commence in Q4 2017.
Regency currently owns 5% of HHDL, and has agreed to sell 1.9% of HHDL. Upon completion of the sale it will own 3.1%. HHDL owns 65% of the Horse Hill Petroleum Licences containing the HH-1 oil discovery, and the Company's current net interest is therefore 3.25% of the licences, well and discovery.
For further information contact:
Andrew Bell 0207 747 9960 Chairman Regency Mines Plc
Scott Kaintz 0207 747 9960 Executive Director Regency Mines Plc
Roland Cornish/Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited
Jason Robertson 0129 351 7744 Broker Dowgate Capital Stockbrokers Ltd.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCDMGMNVGKGNZG
(END) Dow Jones Newswires
July 10, 2017 02:55 ET (06:55 GMT)
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