Update Romania

RNS Number : 3885S

Regal Petroleum PLC

09 September 2010

 



Regal Petroleum plc

("Regal" or the "Company")

9 September 2010

Abandonment of E-1 Sagna Exploration Well in Romania

Regal, the AIM-listed oil and gas exploration and production group (symbol: RPT), announces that exploration well E-1 Sagna is being plugged and abandoned. The well was spudded, on 22 August 2010, in its 100%-held Barlad Concession in Romania, drilled to a total depth of 980 metres, and penetrated two sandstone intervals.  Despite encouraging gas shows noted during drilling, no gas inflow was established.

With the completion of this operation, the Company has fully discharged its obligations with respect to the Barlad concession and a strategic review of its Romanian assets is underway.

For further information, please contact:

Regal Petroleum plc	Tel: [phone]
David J Greer, CEO
Strand Hanson Limited	Tel: [phone]
Simon Raggett / Rory Murphy
Citigate Dewe Rogerson
Enquiries: Martin Jackson / George Cazenove	Tel: [phone]

 

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