Tuesday 24 September 2013

Ukraine: Regal Petroleum announces interim results - updates Ukraine operations

Ukraine: Regal Petroleum announces interim results - updates Ukraine operations:

"AIM-listed Regal Petroleum has announced its unaudited results for the six months ended 30 June 2013. Regal is the operator of two significantly under-developed gas and condensate fields (GOL-MEX) and (SV), located in the prolific Dneipner-Donets basin in the north east of Ukraine.

Principal Developments

Operations


  • Average production over the six month period to 30 June 2013 at 199,984 m3/d of gas and 44 m3/d of condensate (1,525 boepd in aggregate)
  • Well SV-53 to undergo hydraulic fracturing
  • Well SV-59 drilled to depth of 4,957 metres, towards target depth of 5,470 metres
  • Upgrading of gas processing facility underway to improve efficiency and quality of gas produced, and provide for recovery of LPG"


'via Blog this'

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