Operational Update

Regal Petroleum PLC
28 February 2005


Immediate Release                                              28 February 2005


                              REGAL PETROLEUM PLC

                                ('the Company')


                               Operational Update


The Directors announce the following operational update on the Company:


GREECE

Kallirachi 2 Well: The Kallirachi-2 appraisal/development well in the Greater
Kallirachi Area has been drilled to a depth of 2,970 metres and has intersected
four large reservoirs. The completion date for the well has been extended due to
mechanical issues and difficult drilling conditions below 2,500 metres.


The well is being prepared for initial testing, having been cased and cemented,
and the prospective zones will shortly be flow tested.  Following the initial
testing, it is intended to drill (based on vertical seismic profile
interpretation) to a target depth of 3,300 metres.  Further testing of
additional horizons will be performed once drilling has been completed.


ROMANIA

Suceava SE-1 Well: The SE-1 exploration well in the Suceava Block has been
drilled to a depth of 2,040 metres.  The target depth of the well has been
extended to approximately 2,500 metres (from 2,100 metres) as the third
objective reservoir (Ordovician sandstone) is deeper than originally
anticipated.  The revised target depth is expected to be reached shortly, at
which time the well will be logged with complete logging suites and prospective
zones will be flow tested.


FURTHER UPDATES

Further updates will be provided in due course.



For further information, please contact:

Regal                                                        Tel: [phone]
Frank Timis, Executive Chairman
Roger Phillips, Finance Director

Buchanan Communications                                      Tel: [phone]
Bobby Morse / Ben Willey


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