TIDMRPT

RNS Number : 5604F

Regal Petroleum PLC

28 July 2016

28 July 2016

REGAL PETROLEUM PLC

Spud of MEX-109 Well, Ukraine

Regal Petroleum plc, the AIM-listed (RPT) oil and gas exploration and production group, is pleased to announce the spudding today of the MEX-109 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 5,250 metres, with drilling operations scheduled to be completed in March 2017 and, subject to successful testing, production hook-up by the end of the second quarter of 2017. The well is targeting the Visean reservoirs ("B-Sands").

For further information, please contact:

 
 Regal Petroleum plc                 Tel: 020 3427 
                                      3550 
 Keith Henry, Chairman 
 Sergei Glazunov, Finance Director 
 
 Strand Hanson Limited               Tel: 020 7409 
                                      3494 
 Rory Murphy / Richard Tulloch 
 
 Citigate Dewe Rogerson              Tel: 020 7638 
                                      9571 
 Martin Jackson / Shabnam Bashir

Philip Frank, PhD Geology, Chartered Geologist, FGS, PESGB, consultant to 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 company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

July 28, 2016 09:56 ET (13:56 GMT)

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