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 2008, Regal operated five producing wells.  The Company's average daily production over the 12 month period to 31 December 2008 was 3.53 MMcf/d (100,085 m³/d) of gas and 160 bpd (25.5 m³/d) of condensate which equates to a combined oil equivalent of 749 boepd.