Regal Petroleum finds gas in Romania
Regal Petroleum PLC reporeted finding gas in the first exploration well it drilled in Romania.
„This initial test of the first zone of the RBN-4 well is very encouraging and the flow rates achieved are in excess of those expected,” said David Greer, Regal's chairman and chief executive.
Regal said it has spudded the second exploration hole, RBN-3, located 5 kilometers to the northwest of RBN-4. Drilling will take about 20 days at a cost of around $1.1 million. (Hemscott)
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