Regal Petroleum provided an update on its Ukrainian operations.

As previously announced, on 21 May 2010, the Company received an order, dated 30 March 2010, signed by the Minister of Environmental Protection identifying certain matters requiring rectification in relation to Regal's compliance with certain legislation in Ukraine relating to its operations at its Mekhediviska Golotvshinska ('MEX-GOL') and Svyrydivske ('SV') gas and condensate fields, and requiring a suspension of operations whilst such matters were rectified (the 'Ministry Order').

As announced on 26 July 2011, the District Administrative Court of Kiev made a ruling dated 18 July 2011 that the Ministry Order was unlawfully issued and ordering its cancellation. This ruling was capable of being appealed during a 10 day period from 26 July 2011, failing which the decision would come into force on 6 August 2011. No appeal has been filed and accordingly this ruling has now come into force.

As previously announced, the Company has recently re-commenced production at the MEXGOL and SV fields. Over the last 7 days the average production was 190,322 m3/d of gas and 38 m3/d of condensate (1,427 boepd in aggregate).

Tags: Regal Petroleum