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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Enwell Energy Plc | LSE:ENW | London | Ordinary Share | GB0031775819 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.725 | 3.96% | 19.05 | 18.50 | 19.60 | 19.50 | 18.50 | 18.50 | 124,812 | 16:35:01 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 133.38M | 60.18M | 0.1877 | 1.04 | 62.52M |
TIDMRPT
RNS Number : 5160U
Regal Petroleum PLC
13 July 2018
13 July 2018
Regal Petroleum plc
("Regal" or the "Company")
SV-12 Workover Result
Regal Petroleum plc (AIM: RPT), the AIM-quoted oil and gas exploration and production group, is pleased to announce the result of the workover of the SV-12 well at its Mekhediviska-Golotvshinska (MEX-GOL) and Svyrydivske (SV) gas and condensate fields in Ukraine.
The workover operations on the SV-12 well have now been successfully completed. Two intervals in the B-22 Visean formation (5,167 - 5,179 metre depth and 5,213 - 5,235 metre depth) were perforated, and, after short-term initial flow testing established good gas and condensate flow, the well is being hooked-up to the gas processing facility. After completion of the hook-up, production testing will be conducted to optimise the operating parameters of the well.
The short-term initial flow testing was undertaken through a test separator using a 6 mm choke, and during the test periods, the well demonstrated flow rates of approximately 125,000 m(3) /d of gas and 40 tonnes/d of condensate.
The SV-12 well was a suspended well owned by NJSC Ukrnafta, the partially State-owned oil and gas producer, and is located within the Company's SV licence area. Regal entered into an agreement with NJSC Ukrnafta under which the Company agreed to workover the well, and, subject to a successful workover, to sell the gas and condensate produced from the well under an equal net profit sharing arrangement between Regal and NJSC Ukrnafta.
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 Louise Mason-Rutherford / Elizabeth Kittle
Philip Frank, PhD Geology, Chartered Geologist, FGS, PESGB, 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.
Definitions m(3) /d cubic metres per day mm millimetres tonnes/d tonnes per day
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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(END) Dow Jones Newswires
July 13, 2018 02:00 ET (06:00 GMT)
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