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Regal Petroleum provides Ukraine operational activities


Published Jun 19, 2012
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Regal Petroleum

Regal Petroleum provide an update on operational activities at its 100% owned and operated Mekhediviska-Golotvshinska (MEX-GOL) and Svyrydivske (SV) gas and condensate fields in Ukraine.

The Company's Ukrainian gas and condensate production for the period 1 April 2012 to 17 June 2012 averaged 195,632 m3/d of gas and 46 m3/d of condensate (1,507 boepd in aggregate). The Company continues to benefit from the relatively strong gas prices in Ukraine.

The Company's investment programme for 2012, which is designed to continue the development of its MEX-GOL and SV fields, is underway and includes the drilling of 2 new wells, the work-over of 3 existing wells and upgrades to its processing facilities. This programme is being funded from existing cash and operational revenues.

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