Regal Petroleum provides an update on its 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 from 1 October 2012 to 31 December 2012 averaged 190,436 m3/d of gas and 44 m3/d of condensate (1,467 boepd in aggregate). The Company continues to benefit from the relatively strong gas prices in Ukraine.

The Company’s Ukrainian gas and condensate production for the year ended 31 December 2012 averaged 201,002 m3/d of gas and 45 m3/d of condensate (1,539 boepd in aggregate).

The SV-53 well has reached its target depth of 5,450 metres, been completed and undergone initial testing. The drilling rig has been demobilised and operations to hook up the well to the gas processing facility are progressing. These activities are due to be completed within a month, and production testing will then be undertaken.

Tags: Regal Petroleum