Regal Petroleum Plc (RPT.L) Announced, in an update of its operational activities in Ukraine, where it operates the MekhediviskaGolotvshinska (MEX-GOL), Svyrydivske (SV) and Vasyschevskoye (VAS) gas and condensate fields, that the aggregate average daily rate of production from the MEX-GOL, SV and VAS fields for the final quarter of 2018 was 4,139 boepd.
This compares with an aggregate average daily production rate of 2,803 boepd for the final quarter of 2017, which represents an increase of nearly 48%.
The average daily production of gas, condensate and LPG from the MEX- GOL and SV fields for the period from 1 October 2018 to 31 December 2018 was 417,921 m3/d of gas, 88 m3/d of condensate and 44 m3/d of LPG (3,341 boepd in aggregate) (Q4 2017: 276,089 m3/d of gas, 54 m3/d of condensate and 30 m3/d of LPG (2,187 boepd in aggregate)).
Average daily production of gas and condensate from the VAS field for the period from 1 October 2018 to 31 December 2018 was 111,249 m3/d of gas and 10.6 m3/d of condensate (798 boepd in aggregate) (Q4 2017: 87,634 m3/d of gas and 6.4 m3/d of condensate (616 boepd in aggregate)). At 31 December 2018, the company's cash resources were approximately $53.3 million, held as to $25.3 million equivalent in Ukrainian Hryvnia and the balance of $28.0 million equivalent in US Dollars, Pounds Sterling and Euros.