Regal Petroleum pumped higher by gas test

Shares in AIM-listed explorer Regal Petroleum (LON:RPT) rose 2.98% to 15.47p (as of 15:25 BST) after it published results from its latest drilling campaign in Ukraine. Strong gas and condensate flows were recorded and the well has been connected to processing facilities for further production testing.

CEO Sergii Glazunov commented: “We are delighted with the results of this new well, which was drilled safely and successfully, and well ahead of schedule. The flow rates demonstrated are excellent and a significant boost to our overall production volumes“.