Regal Petroleum PLC MEX-109 Well Hook-up and Flow Testing (0702J)
June 26 2017 - 1:00AM
UK Regulatory
TIDMRPT
RNS Number : 0702J
Regal Petroleum PLC
26 June 2017
26 June 2017
Regal Petroleum plc
("Regal" or the "Company")
MEX-109 Well Hook-up and Flow Testing
Regal Petroleum plc (AIM: RPT), the AIM-quoted oil and gas
exploration and production group, is pleased to announce the
hook-up and flow testing of the MEX-109 well located at its
Mekhediviska-Golotvshinska (MEX-GOL) gas and condensate field in
Ukraine.
One interval in the well, at a drilled depth of 4,802 - 4,808
metres within the B-20 Visean reservoirs ("B-sands") was
perforated, and after short-term initial flow testing established
gas and condensate flow, works were undertaken to hook-up the well
to the gas processing facility.
The hook-up has been completed and flow testing is currently
underway to optimise the operating parameters of the well. Although
this testing is likely to continue for up to a further four weeks
before an optimal operating regime is finalised, the well is
demonstrating good flow rates during test periods of approximately
85,000 m(3) /d of gas and 40 m(3) /d of condensate (778 boepd in
aggregate).
Prior to the hook-up of MEX-109, average gas, condensate and LPG
production from the MEX-GOL and Svyrydivske (SV) fields for the
period from 1 January 2017 to 15 June 2017 was 127,041 m(3) /d of
gas, 33.6 m(3) /d of condensate and 17.7 m(3) /d of LPG (1,079
boepd in aggregate).
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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