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Regency Mines boss: this makes the south of England into Texas

Regency Mines (LON:RGM) CEO Andrew Bell tells Proactive Investors that breakthrough well testing results at the Horse Hill oil project have been extraordinary.  "When we sold, the hype had got way ahead of the fact.... What we can say now is that this is the real deal. The flow rates change everything" he said.

Bell said that the possible path to production at this well could be less than two years. "This is something completely different. This makes the south of England into Texas" he said.

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Price: 0.0375 GBX

LSE:RGM
Market: LSE
Market Cap: £568.84 k
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Regency Mines putting foundations in place for 'development and value'

Regency Mines PLC's (LON:RGM) Scott Kaintz and Ewen Ainsworth join Proactive's Andrew Scott in the London studio to discuss the recent refinancing of the firm's debt facility as well as the findings of the strategic review. Regency's refinanced US$1.254mln worth of loan notes through to July...

on 1/8/19

2 min read