Tristone Capital has been engaged to advise on potential strategic options for Regal's Ukrainian production licenses with a view to accelerating the further development of its existing producing gas fields, Mekhediviska-Golotvschinska (MEX-GOL) and Svyrydivske (SV). Regal's Directors would like to stress, however, that the initiation of a strategic review of options does not imply that any transaction is either imminent or certain to occur.
Neil Ritson, Regal's Chief Executive Officer, commented: "As Regal seeks to develop its portfolio we are delighted to be able to work with the team at Tristone Capital who have gained an excellent reputation for their handling of a number of major transactions in the oil and gas sector."
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