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Regal battered as Kiev court appeal hits key license.
(From FT Investor (Pulses))
Shares in Regal Petroleum tumbled 64.3 per cent to 39.5p on Tuesday after it lost a key court ruling in the Ukraine. The news brought the validity of the oil explorers production licences in the region into further doubt. The Kiev Court of Appeal upheld a complaint by Regals former joint-venture partner, Chernihivnaftogasgeologia , …
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