Regal Petroleum, the independent oil & gas exploration and production company, announces that it has flow tested a second interval at its exploration well, RBN-4, in the Barlad Concession, Romania (100% working interest). The RBN-4 well was completed to a total depth of 973 metres TVD on 27 October 2007.
This second, higher, interval of 12.7 metres, between 543.3 metres and 556.0 metres, in the Sarmatian formation was perforated and tested but no hydrocarbons were present.
Results from the previous successful testing of the lower interval were announced on 13 December 2007. This lower 4.6 metre interval, between 756.7 metres and 761.3 metres, in the Sarmatian formation yielded a maximum dry gas flow rate of 3.74 MMscf/d on a 12mm choke with a flowing tubing head pressure of 49 bar over a 24 hour flow period.
The RBN-4 well has now been suspended to allow re-entry of the lower producing interval and to allow further evaluation of the results of this well.
David J Greer, Regal’s Chairman and Chief Executive Officer, commented:
“Although the test results of the second interval are disappointing, we are very encouraged by the flow rates achieved from the lower zone and we will now be evaluating the potential for this gas discovery.”
