Regal launches jet perforation technique at SV-58

Regal Petroleum (AIM: RPT LN) reported yesterday in an operational update that it implemented a customized jet perforation technique to overcome reservoir connectivity challenges in the SV-58 well. As a result, Regal said it achieved sustained and stable production flow to the production plant. Regal said it would implement this technique in February on the remaining target reservoir and is optimistic it will bring SV-58’s output to pre-drill estimations. At its MEX-106 well, the company said it has made significant progress in removing a mechanical obstruction. Regal said it expects the remaining obstruction to be removed in an operation scheduled for February.