Appointment of Advisor

Regal Petroleum PLC
09 March 2007


Immediate Release                                                   9 March 2007


                              REGAL PETROLEUM PLC                               
                           ('Regal' or 'the Company')                           

                             Appointment of Advisor                             


The Company is pleased to announce the engagement of Tristone Capital Limited, a
specialist global energy advisory firm, as an advisor in the development of
parts of Regal's asset portfolio. 
 
Tristone Capital has been engaged to advise on potential strategic options for
Regal's Ukrainian production licences with a view to accelerating the further
development of its existing producing gas fields, Mekhediviska-Golotvschinska
(MEX-GOL) and Svyrydivske (SV). Regal's Directors would like to stress, however,
that the initiation of a strategic review of options does not imply that any
transaction is either imminent or certain to occur.

Neil Ritson, Regal's Chief Executive Officer, commented: 'As Regal seeks to
develop its portfolio we are delighted to be able to work with the team at
Tristone Capital who have gained an excellent reputation for their handling of a
number of major transactions in the oil and gas sector.'


For further information, please contact:
 
Regal                                   Tel: [phone]             
Neil Ritson, CEO                                                       
Frank Scolaro, Chairman                                                



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