Regal Petroleum loss widens; sees rise in '09 revenue

Ukraine-focused oil and gas explorer Regal Petroleum (RPT.L) said 2008 loss widened mainly on foreign exchange-related charges and forecast higher production from its existing wells in 2009 that would reverse the declining trend in revenue. The company, which also has operations in Romania and Egypt, said it had the cash, tools and resources for the initial development of the Ukrainian fields."With further investment in these assets from existing resources and additional capital, ...

Developed by Codecraftsman