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Our Vision To become the most highly valued and respected mid-tier oil and gas exploration and production company in the London Market. Our Mission To transform and continuously enhance the image, reputation and value of the Company by implementing a plan of action to: Rationalise and strengthen the Company's asset and resource base. Secure additional funding to develop and expand these assets via secondary placement and conventional debt. Secure and deploy additional experienced resources to capitalise on regained corporate stability and thereby realise the full potential of the Company's assets. Apply state of the art technologies in the planning and execution of all field development activities. Enhance the Corporate Governance of the Company by retaining a strong and highly respected Board of Directors. Enhance the Company image and beliefs to enable all staff to realise their full potential by fostering an inclusive, challenging and supportive culture. Commit to the principles of sustainable development and to respect and respond to the interests of all key stakeholders. Continue to build a company that delivers best in class results and maximum shareholder value and returns. Our Assets Regal's assets currently lie in three geographical locations - Ukraine, Romania and Egypt. The Company's primary assets are two large gas and condensate fields in Ukraine - the Mekhediviska-Golotvschinska (MEX-GOL) field and the Svyrydivske (SV) field located in the prolific Dneipner-Donets basin in the north east of Ukraine. Regal is the operator of the assets and there are currently 5 production wells on the assets. Average daily production in the year ended 31 December 2008 was 749 barrels of oil equivalent per day. The Company is presently implementing a field development plan including a work-over programme and a significant drilling campaign. In addition 3D seismic data has been acquired and interpreted and a sub-surface model is being developed. Secondary to this, but still significant, is a large exploration block in Romania, the Suceava Block, where Regal holds a 50% interest. Gas was discovered on this license area in Romania in late 2007 and further exploration and appraisal work is underway. The Company also has a 25% non-operated joint venture in Egypt with Apache Khalda Corporation LDC, where an exploration well tested positively for oil in September 2007 and has been tied in as a producing well.
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Категория: Энергетика