Regal Petroleum's shares rise on MEX-109 initial testing results

2017/5/23 15:21:18

At 12:25 BST, shares in Regal Petroleum were up 32.7% to 4.2p each.

  

 

 


Digital Look Sharecast       23 May, 2017         1226       

 

Regal Petroleum's shares are up almost a third as investors responded warmly to initial testing results for the MEX-109 well.

 

The well, which was in the Mekhediviska-Golotvshinska (MEX-GOL) gas and condensate field in Ukraine and spudded in July last year, was drilled to a depth of 4,873m.

 

One interval, at a drilled depth of 4802-4808m, within the B-20 Visean reservoirs (B-sands) was perforated, and short-term initial flow testing was undertaken using a test separator through a 7 mm choke, said AIM-quoted Regal in a statement.

 

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https://www.digitallook.com/news/aim-b ... ing-results--2685436.html

 

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