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Share Name Share Symbol Market Type Share ISIN Share Description
REGAL PETROLEUM PLC NEX:RPT.GB NEX Ordinary Share GB0031775819
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.20p -5.37% 38.80p 37.00p 52.00p 41.00p 37.50p 41.00p 6,462 15:42:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - -

Regal Petroleum PLC Spud of MEX-119 Well

21/02/2019 7:00am

UK Regulatory (RNS & others)


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RNS Number : 6614Q

Regal Petroleum PLC

21 February 2019

Press Release

21 February 2019

REGAL PETROLEUM PLC

Spud of MEX-119 Well

Regal Petroleum plc (AIM: RPT), the AIM-quoted oil and gas exploration and production group, is pleased to announce the spudding yesterday of the MEX-119 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 4,850 metres, with drilling operations scheduled to be completed by September 2019 and, subject to successful testing, production hook-up during the fourth quarter of 2019. The well is a development well, with its primary target being the B-20 horizon in the Visean formation.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please contact:

 
 Regal Petroleum plc                        Tel: 020 3427 3550 
 Chris Hopkinson, Chairman 
 Sergii Glazunov, Chief Executive Officer 
 
 Strand Hanson Limited                      Tel: 020 7409 3494 
 Rory Murphy / Richard Tulloch 
 
 Citigate Dewe Rogerson                     Tel: 020 7638 9571 
 Nick Hayns / Elizabeth Kittle 
 

Dmitry Sazonenko, MSc Geology, MSc Petroleum Engineering, Member of AAPG, SPE and EAGE, Director of 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, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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February 21, 2019 02:00 ET (07:00 GMT)

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