Regal Petroleum Seeks Partial Divestment of Ukrainian Assets

Regal Petroleum (RPT LN) announced yesterday in a press release that it has retained Tristone Capital to advise the company on the partial divestment of interest in the company’s Mekhedivska-Golotvyschinska and Svyrydivske gas and condensate fields. Tristone Capital recently completed a detailed review of strategic options for the fields for Regal. According to Regal, the partial divestment process will assist in the further development of these two Ukrainian fields due to expected arrival of a strategic partner taking an interest of 50% in the project and possibly participating in operation of the fields.