The Company is pleased to announce that Aurelian Oil and Gas plc, through its wholly owned Romanian subsidiary, Aurelian Oil & Gas Romania S.R.L., as operator of the Suceava EV-1 Concession (the “Concession”) in Romania spudded exploration well, Dornesti-1, on 18 November 2007.
Regal owns a 50% working interest in the Concession which covers an area of 4,103 square kilometres onshore in the north-east of Romania.
The well, which is planned to take 15 days, is to reach a target in the Sarmatian Formation.
For further information, please contact:
Regal Tel: 020 7408 9500
Neil Ritson, Chief Executive Officer
Frank Scolaro, Chairman
Evolution Securities Tel: 020 7071 4300
Robert Collins
Mirabaud Securities Tel: 020 7321 2508
Pav Sanghera
Buchanan Communications Tel: 020 7466 5000
Bobby Morse
Ben Willey
In accordance with the guidelines of the AIM market of the London Stock Exchange, Neil Ritson BSc (Hons) Geophysics, FGS, Chief Executive Officer of Regal Petroleum plc, is the qualified person that has reviewed the technical information contained in this press release.