You're reading: Proactive Investors UK: Regal Petroleum to resume production in Ukraine

Regal Petroleum revealed that it is now able to restart production from its two Ukrainian gas fields due to a temporary ruling by the District Administrative Court of Kyiv. Last year Regal suspended its operations at the Mekhediviska Golotvshinska (MEX-GOL) and Svyrydivske (SV) gas fields. This followed communications from Ukraine’s minister of environmental protection (MEP), which identified compliance issues that need rectifying by Regal. The initial order, which was disputed by Regal and its primary customer OJSC Ukrzakordongeologia, was received in March 2010 and the operations were suspended in November 2010 after a failed appeal in Kyiv. Read more.