Regal Petroleum finds gas in Romania

Deals

Regal Petroleum PLC reporeted finding gas in the first exploration well it drilled in Romania.

The well, known as RBN-4, flowed up to 3.74 million standard cubic feet of dry gas per day, said Regal, which holds a 100% stake in the project.

„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)

Average Gross Earnings at HUF 645,300 in April 2024 Figures

Average Gross Earnings at HUF 645,300 in April 2024

EC to Propose Opening Excessive Deficit Procedure Against Hu... EU

EC to Propose Opening Excessive Deficit Procedure Against Hu...

German, Austrian Travelers Spend Most Money in Hungary Automotive

German, Austrian Travelers Spend Most Money in Hungary

Int'l Travelers to Europe Prioritize Safety, Quality This Su... Tourism

Int'l Travelers to Europe Prioritize Safety, Quality This Su...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.