Regal has agreed to pay USD 8.63 MM in 3 tranches to local Arkona Gas-Energy to acquire its 20-yr rights to the 97-sq km, 2-block Svystunkivsko-Chervonolutske unit (+ gas-cond discoveries), located next to Regal's own Svyrydivske licence in Poltava (Dniepr-Donets Basin). Drilling is normally planned within the next 12 months.
Regal has agreed to pay US$8.63 MM in 3 tranches to local Arkona Gas-Energy to acquire its 20-yr rights to the 97-sq km, 2-block Svystunkivsko-Chervonolutske unit (+ gas-cond discoveries), located next to Regal's own Svyrydivske licence in Poltava (Dniepr-Donets Basin).