21st Feb 2019 11:08
LONDON (Alliance News) - Regal Petroleum PLC said on Thursday it has spudded the MEX-119 well on its Mekhediviska-Golotvshinska and Svyrydivske gas and condensate fields in Ukraine.
The MEX-119 well has a target depth of 4,850 metres, with drilling operations expected to be completed by September. Should testing be successful, production hook-up will be carried out during the fourth quarter of 2019.
The well's primary target is the B-20 horizon in the Visean formation.
Shares in Regal Petroleum were up 0.5% at 44.60 pence on Thursday.
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