Regal Petroleum increases gas production in October and November
Regal Petroleum (LON:RPT) this afternoon confirmed its production numbers from its operations in Ukraine.
Production resumed from the MEX-GOL and SV gas fields in July.
Today it revealed that gas production averaged 212,367 cubic metres of gas per day and 49 cubic metres of condensate per day - equating to 1,632 barrels oil a day - in October.
Meanwhile in November it produced an average of 228,799 cubic metres of gas per day and 52 cubic metres of condensate per day - which equates to 1,751 barrels of oil per day.
These rates represent a notable increase from the 207,205 cubic metres of gas and 52 cubic metres of condensate produced each day over the seven day period during September, as reported in the group's interim results statement.
In September's interims Regal said that it was receiving a gas price of US$379 per thousand cubic metres in Ukraine, which is up 48 per cent on the average price from 2010.
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