The sales price achieved by the Company, through this agreement, is in line with the Government capped sales price.  Gas prices in the Ukrainian domestic market continue to increase and are anticipated to converge with European border prices over the next two to five years.  During 2008 the year Regal realised an average sales price of $187/Mm3.

Condensate is commercially tendered to a number of buyers and is typically sold in contracted units of 230 to 1,400 barrels.  Condensate prices are seasonal with the highest prices achieved in the summer.  Due to the market being served, the prices achieved by Regal are at a slight premium to the prevailing market prices.  During 2008 Regal realised an average sales price of $84 per barrel.