OilVoice - Regal Petroleum Reports Romanian Appraisal Well Results

Regal Petroleum Reports Romanian Appraisal Well Results

Thursday, November 13, 2008

Regal Petroleum announces results of the testing of appraisal well RBN-S1 in Romania.

Regal Petroleum has completed testing of the RBN-S1 well in the Barlad Concession in Romania, in which the Company holds a 100% working interest. The well is the first to appraise the RBN-4 gas discovery (3.74 mmscf/d gas, announced on 13 December 2007) and was drilled to a total depth of 850 metres into a Sarmatian formation. Gas shows while drilling and wireline logs indicated that a deltaic sandstone objective from 716-811m potentially contained 34m of net gas pay.

The test programme perforated depths 716-736m, 746-748m, 768-780m, 795-800m and 806-811m, and despite attempts to draw gas into the well using nitrogen-lift, the well only delivered gas bubbles at surface. The well has established that the reservoir quality of the 95m objective deltaic system is inadequate within the tested 80 sq km truncation trap, and was drilled beyond the extent of the RBN-4 well fluvial reservoir which appears to be hosted in a 10m stratigraphic interval inside a 5-15 sq km depositional reservoir trap. The well is being plugged and abandoned.