Regal Petroleum Begins Drilling Suceava Block in Romania

Regal Petroleum has commenced drilling operations on exploration well, RSD-1, on the Suceava Block, Romania.

The Suceava Block is one of the largest exploration blocks in Romania with an area of 4,103 square kilometers and is located in the Moldavia Platform, which contains several large commercial gas and condensate fields. The Suceava Block is located adjacent to and on the same geological trend as the largest commercial gas field in Romania, operated by Romgaz (the Romanian national gas company).

This, the second Regal operated well in Romania, is in the northwest of the Suceava Block, and has now commenced drilling. It is scheduled to be drilled to its target depth of 1100 meters by the middle of December 2005, with a budget of $1.5 million. The well has reservoir objectives within the Sarmatian sandstones. All target intervals will be logged with complete logging suites, and if appropriate, flow tested.