23rd Aug 2010 07:00
Regal Petroleum plc
("Regal" or the "Company")
23 August 2010
Regal Petroleum spuds exploration well in Romania
Regal, the AIM-listed oil and gas exploration and production group (symbol: RPT), is pleased to announce the spud of exploration well E-1 Sagna on 22 August 2010 in its 100%-held Barlad Concession in Romania.
E-1 Sagna is being drilled based on an expanded network of 2D seismic profiles close to Regal's RBN-4 gas discovery announced on 13 December 2007. The well is designed to provide an additional test of the regionally productive gas-bearing Sarmatian aged sandstone reservoirs. The planned total depth of the well will be approximately 900 metres and it is anticipated that the well will be completed by mid-September.
For further information, please contact:
|
Regal Petroleum plc |
Tel: 020 7408 9500 |
|
David J Greer, CEO |
|
|
|
|
|
Strand Partners Limited |
Tel: 020 7409 3494 |
|
Simon Raggett / Rory Murphy |
|
|
|
|
|
Mirabaud Securities |
Tel: 020 7878 3362 |
|
Peter Krens / Pav Sanghera |
|
|
|
|
|
Citigate Dewe Rogerson |
Tel: 020 7638 9571 |
|
Enquiries: Martin Jackson / George Cazenove |
|
Related Shares:
RPT.L