Regal announced the spudding of exploration well E-1 Sagna on August 22, 2010 in its 100%-held Barlad Concession in Romania.
E-1 Sagna is being drilled based on an expanded network of 2D seismic profiles close to Regal's RBN-4 gas discovery announced on December 13, 2007. The well is designed to provide an additional test of the regionally productive gas-bearing Sarmatian aged sandstone reservoirs. The planned total depth of the well will be approximately 900 meters and it is anticipated that the well will be completed by mid-September.
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