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MEX-109 Well Initial Testing Results

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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 m3/d of gas and 40 m3/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

m3/d

cubic metres per day

mm

millimetre

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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