Regal announced that exploration well E-1 Sagna is being plugged and abandoned. The well was spudded, on August 22, 2010, in its 100%-held Barlad Concession in Romania, drilled to a total depth of 980 meters, and penetrated two sandstone intervals. Despite encouraging gas shows noted during drilling, no gas inflow was established.
With the completion of this operation, the Company has fully discharged its obligations with respect to the Barlad concession and a strategic review of its Romanian assets is underway.
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