Regal Petroleum PLC Ukraine Update (2274K)
July 05 2017 - 8:57AM
UK Regulatory
TIDMRPT
RNS Number : 2274K
Regal Petroleum PLC
05 July 2017
5 July 2017
Regal Petroleum plc
("Regal" or the "Company")
Ukraine Update
Regal Petroleum plc (AIM: RPT), the AIM-quoted oil and gas
exploration and production group, announces an update of its
operational activities at its Ukrainian gas and condensate fields,
which comprise the Mekhediviska-Golotvshinska (MEX-GOL) and
Svyrydivske (SV) fields and the Vasyschevskoye (VAS) field, all of
which are 100% owned and operated.
Average gas, condensate and LPG production from the MEX-GOL and
SV fields for the period from 1 January 2017 to 30 June 2017 was
133,951 m(3) /d of gas, 35.7 m(3) /d of condensate and 18.9 m(3) /d
of LPG (1,140 boepd in aggregate).
Average gas and condensate production from the VAS field for
period from 1 January 2017 to 30 June 2017 was 86,809 m(3) /d of
gas and 6.6 m(3) /d of condensate (612 boepd in aggregate).
The MEX-109 well, located on the MEX-GOL field, was recently
hooked-up to the gas processing facility and has been undergoing
flow testing to optimise the operating parameters of the well. This
flow testing has now been completed, with the production rate from
the well having stabilised. The well will now be monitored over a
longer period of production testing. The well is currently
contributing approximately 100,000 m(3) /d of gas, 30 m(3) /d of
condensate and 15 m(3) /d of LPG (875 boepd in aggregate).
Since 1 July 2017, with the inclusion of the production from the
MEX-109 well, average production from the MEX-GOL and SV fields has
increased to 225,989 m(3) /d of gas, 62.9 m(3) /d of condensate and
32.7 m(3) /d of LPG (1,943 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
LPG liquefied petroleum
gas
m(3) cubic metres per day
/d
% per cent
This information is provided by RNS
The company news service from the London Stock Exchange
END
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