Regal, the AIM-listed oil and gas exploration and production group (symbol: RPT), is pleased to announce the spud of exploration well E-1 Sagna on 22 August 2010 in its 100%-held Barlad Concession in Romania.
E-1 Sagna is being drilled based on an expanded network of 2D seismic profiles close to Regal's RBN-4 gas discovery announced on 13 December 2007. The well is designed to provide an additional test of the regionally productive gas-bearing Sarmatian aged sandstone reservoirs.
The planned total depth of the well will be approximately 900 metres and it is anticipated that the well will be completed by mid-September.
For further information, please contact:
Regal Petroleum plc
Tel: 020 7408 9500
David J Greer, CEO
Strand Hanson Limited
Tel: 020 7409 3494
Simon Raggett / Rory Murphy
Mirabaud Securities
Peter Krens / Pav Sanghera
Tel: 020 7878 3362
Citigate Dewe Rogerson
Tel: 020 7638 9571
Enquiries: Martin Jackson / George Cazenove