Executive Summary
Regal Petroleum (LON:RPT) is an oil and gas exploration and production company. Based in London, it has interests in three locations: Ukraine, Egypt and Romania. The company has oil production assets in Ukraine consisting of five wells producing 1000 - 1200 barrels per day. Regal Petroleum also has exploration interests in Egypt, where it owns a 25% stake in the East Bas Budran block in the Gulf of Suez. It also has two exploration licences in Romania that are close to existing producing fields. The company achieved a revenue of $19.9m in 2009, and was debt-free with a cash balance of $118.6m.
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