TIDMRPT

RNS Number : 7072H

Regal Petroleum PLC

14 March 2018

14 March 2018

Regal Petroleum plc

("Regal" or the "Company")

Spud of VAS-10 Well

Regal Petroleum plc (AIM: RPT), the AIM-quoted oil and gas exploration and production group, announces the spudding yesterday evening of the VAS-10 well at its 100% owned and operated Vasyschevskoye (VAS) gas and condensate field in Ukraine.

The well has a target depth of 3,450 metres, with drilling operations scheduled to be completed in June 2018 and, subject to successful testing, production hook-up during the third quarter of 2018. The well is targeting reservoirs in the Visean formation.

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 
 Chris Hopkinson, Chairman 
  Sergii Glazunov, Chief Executive 
  Officer 
 
 Strand Hanson Limited               Tel: 020 7409 
                                      3494 
 Rory Murphy / Richard Tulloch 
 
 Citigate Dewe Rogerson              Tel: 020 7638 
                                      9571 
 Louise Mason-Rutherford / 
  Shabnam Bashir

Philip Frank, PhD Geology, Chartered Geologist, FGS, PESGB, Director of 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

March 14, 2018 06:53 ET (10:53 GMT)

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