Regal Petroleum announced that Apache East Ras Budran Corp. LDC, as operator of the East Ras Budran Concession in Egypt, has spudded the ERB-B-2X well, which is the third exploration well on the Concession.
The ERB-B-2X well, which is planned to take approximately 35 days to drill, is primarily targeting the Cambrian Naqus-Araba sandstone formation and is expected to be drilled to a total depth of approximately 4,800 feet.
Regal holds a 25% working interest in the Concession which covers an area of 521 square kilometers onshore in the Gulf of Suez.