1st Oct 2008 07:00
Regal Petroleum plc
("Regal" or the "Company")
Romanian Well Spud
Regal is pleased to announce the spudding of appraisal well RBN-S1 in the Barlad Concession in Romania, in which the Company holds a 100% working interest. The RBN-S1 well is being drilled to appraise the gas discovery made in the RBN-4 well announced on 13 December 2007. The well is being drilled into a Sarmatian formation gas target and is planned to reach a target depth of 850 metres. It is envisaged that the RBN-S1 well will take approximately 14 days to drill at a dry hole cost of approximately US$2.3 million.
For further information, please contact:
Regal Petroleum plc Tel: 020 7408 9500
David J Greer, CEO
Strand Partners Tel: 020 7409 3494
Rory Murphy
Mirabaud Securities Tel: 020 7878 3362
Peter Krens / Pav Sanghera
Citigate Dewe Rogerson Tel: 020 7638 9571
Media Enquiries: Martin Jackson
Analyst Enquires: Emma Woollaston
In accordance with the guidelines of the AIM market of the London Stock Exchange, Ronan McElroy, PhD Geology, SPE, Chief Technologist of Regal Petroleum plc, is the qualified person that has reviewed the technical information contained in this press release.
Related Shares:
RPT.L