Regal Petroleum PLC MEX-109 Well Initial Testing Results (8919F)
23 May 2017 - 4:00PM
UK Regulatory
TIDMRPT
RNS Number : 8919F
Regal Petroleum PLC
23 May 2017
23 May 2017
Regal Petroleum plc
("Regal" or the "Company")
MEX-109 Well Initial Testing Results
Regal Petroleum plc (AIM: RPT), the AIM-quoted oil and gas
exploration and production group, announces the initial testing
results of the MEX-109 well located at its
Mekhediviska-Golotvshinska (MEX-GOL) gas and condensate field in
Ukraine.
The MEX-109 well was spudded in July 2016 and drilled to a depth
of 4,873 metres. The well had an original target depth of 5,250
metres but, due to some mechanical issues, further drilling
activities were curtailed once the primary reservoir targets were
accessible.
One interval, at a drilled depth of 4,802 - 4,808 metres, within
the B-20 Visean reservoirs ("B-sands") was perforated, and
short-term initial flow testing was undertaken using a test
separator through a 7 mm choke. During this initial testing, the
well produced at a rate of approximately 85,000 m(3) /d of gas and
40 m(3) /d of condensate (778 boepd in aggregate).
It is now intended to hook up the well to the gas processing
facility and thereafter undertake production testing.
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
Keith Henry, Chairman
Sergei Glazunov, Financial
Director
Strand Hanson Limited Tel: 020 7409
3494
Rory Murphy / Richard Tulloch
Citigate Dewe Rogerson Tel: 020 7638
9571
Martin Jackson / Louise Mason
/ 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.
Definitions
boepd barrels of oil equivalent
per day
m(3) cubic metres per day
/d
mm millimetre
This information is provided by RNS
The company news service from the London Stock Exchange
END
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