Regal Petroleum Corporation Ltd holds a 100% working interest and is operator of the Mekhediviska-Golotvshinska (MEX-GOL) and Svyrydivske (SV) fields onshore Ukraine, which extend over a total combined area of 269km².

The MEX-GOL and SV fields are situated in north-eastern Ukraine, 200km east of Kiev. Geologically, the fields are located in the prolific Dnieper Donets sedimentary basin which contains approximately 90% of all Ukrainian gas and condensate production.

In 2007, Regal operated five producing wells.  The Company's average production over the 12 month period to 31 December 2007 was 4.88 MMcf/d (138,190 m³/d) of gas and 280 bpd

(44.5 m³/d) of condensate which equates to a combined oil equivalent of 1,157 boepd.