Director Shareholding

Regal Petroleum PLC
08 April 2004


For Immediate Release                                              8 April 2004



                      REGAL PETROLEUM PLC ('the Company')

                            Director's Shareholding


The Company was notified today that on 8 April 2004, pursuant to the Company's
Executive Share Option Scheme ('ESOS'), Mr W H Humphries has exercised options
over 350,000 Ordinary Shares of 5 pence each ('Ordinary Shares') at an average
exercise price of 79.5 pence per Ordinary Share. Following this exercise Mr W H
Humphries is no longer interested in any options over Ordinary Shares. In
addition, pursuant to the ESOS a former employee has also exercised options over
150,000 Ordinary Shares. Accordingly, the Board of the Company has today
allotted 350,000 Ordinary Shares to Mr W H Humphries and 150,000 Ordinary Shares
to a former employee.

Application has been made to the Alternative Investment Market of the London
Stock Exchange ('AIM') for the admission to trading of these 500,000 Ordinary
Shares.  These shares rank pari passu with the Company's existing Ordinary
Shares and dealings are expected to commence on 16 April 2004 on AIM.

As a result of this share issue, Mr W H Humphries has a beneficial interest in
350,000 Ordinary Shares representing 0.3 per cent. of the Company's share
capital.


8 April 2004


For further information, please contact:

Regal                                                       Tel: [phone]
Stephen West, Company Secretary


Buchanan Communications                                     Tel: [phone]
Bobby Morse


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