Regalis is a privately held E&P company established in 2012, with flagship assets in 3 highly prospective blocks in the Republic of Chad.
Exploration efforts in Blocks DOA and WD2-2008 are initially focused on low risk prospects that are on trend with existing and very recent Glencore/Caracal oil discoveries. There is existing export infrastructure adjacent to Regalis licences, which will allow for low cost and early production/monetisation of any eventual discoveries.
Regalis also has further exploration opportunities in Largeau IV Block in northern half of the country.
Regalis engaged Bridgeporth, a specialist geosciences company, which completed a 5,349 km airborne gravity/magnetic survey in October-November over Blocks DOA and WD2-2008 in Southern Chad.
Regalis is currently planning to drill its first exploration well in Block DOA in 2015. Regalis's assets are very similar and on trend to Glencore/Caracal, with an opportunity for similar high impact value creation.