Additional Listing

Regal Petroleum PLC
18 December 2003


Immediate Release                                               18 December 2003


                      Regal Petroleum plc ('the Company')


                    Additional Listing and Grant of Options



The Board of the Company has today allotted 2,000,000 Ordinary Shares of 5p each
('Ordinary Shares'). 400,000 Ordinary Shares are being issued to Mr P Morgan, a
former President of Regal Petroleum Corporation Limited, in full and final
settlement of a claim brought by Mr Morgan against the Company with respect to
wrongful dismissal. 1,600,000 Ordinary Shares are being issued to the Regal
Petroleum plc Employee Benefits Trust ('Employee Benefits Trust') and, in
accordance with the Company's Executive Option Scheme, the Trustee will be
requested to grant reversionary interests over the shares ('Awards'), subject to
certain performance conditions, as follows:

Recipient                Number of Ordinary         Exercise Price per Ordinary
                         Shares                     Share

Lord St John                        500,000                               83.5p
Mr G R Featherby                    300,000                               85.5p
Mr C Phillips                       500,000                               85.5p


300,000 Ordinary Shares will be retained by the Employee Benefits Trust for
further Awards. The above Awards granted to the directors and employee will only
be able to vest after a period of 6 months. These reversionary interests over
Ordinary Shares have been granted for nil consideration.


In addition the Board of the Company has resolved to grant the following
unapproved options over Ordinary Shares:

                     Number of options     Exercise price
                     over Ordinary         per Ordinary
Recipient            Shares                Share            Exercise period

Mr V F Timis                   500,000              85.5p   1 month from grant
Mr G Nolte                     300,000              85.5p   1 month from grant
Mr W H Humphries               150,000              85.5p   1 month from grant
Mr N Loutsigkas                300,000              85.5p   6 months from grant


These options over Ordinary Shares have been granted for nil consideration.


The Board recognises the need to attract, incentivise and retain employees and,
to this end, the Company has granted the above options.


Application has been made to the Alternative Investment Market of the London
Stock Exchange ('AIM') for the admission to trading of these 2,000,000 Ordinary
Shares. Dealings are expected to commence on 24 December 2003 on AIM.


18 December 2003



For further information, please contact:

Regal                                              Tel: [phone]
Glenn Featherby, Finance Director

Buchanan Communications                            Tel: [phone]
Bobby Morse










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