Operational Update

Regal Petroleum PLC
19 May 2005


Immediate Release                                                    19 May 2005


                              REGAL PETROLEUM PLC

                           ('Regal' or the 'Company')

                        Corporate and Operational Update

Further to the recent announcements and following discussions with the Company's
advisers, the Board of the Company wish to update the market on certain
corporate and operational matters.


1.     Board Changes


On 25 April 2005 the Company announced the appointments of Professor Christopher
Green and Dr Rex Gaisford as Non-Executive Directors, effective 1 May 2005.


The Board is now pleased to announce that Professor Green has agreed to become
Executive Director responsible for Exploration and Dr Gaisford has agreed to
become Executive Director responsible for Production. Both appointments are
effective immediately.


In addition, the Board has undertaken to split the role of Chairman and Chief
Executive Officer currently held by Frank Timis. Mr Timis will step down as
Chief Executive Officer and retain the position of Executive Chairman.

2.     Management Appointment

The Company is in discussions to appoint a new Managing Director of its
operations in Greece and a further announcement will be made in due course.


3.     Kallirachi-2 Appraisal Well Testing Results


Further to the announcement dated 18 May 2005 ('Testing Announcement') the Board
wishes to clarify the following:


1:     the Evaporatic zone. Testing was completed on 16 May 2005.


2:     the Kavala Gas Sands equivalent zone. Testing was completed on 3 May
       2005.


3:     the Prinos equivalent zone. Testing was completed on 30 April 2005.


4:     the Dolomatic zone: Testing was completed on 22 April 2005.




4.     Assessment of the Company's Assets by Independent Experts


Industry recognised independent experts are currently evaluating data and
reserves in Ukraine and Greece. As and when reports are finalised this
information will be announced.


In addition, following completion of the first phase of the drilling programme
in Romania, the Company will appoint an industry recognised independent expert
to assess the data and drilling results and evaluate the reserves.


Once completed these reports will be used by the Board in agreeing future
strategic planning.


5.     Greece: An Operational Update


Further to the Testing Announcement, the Board wishes to make it clear that the
strategy for its operations in Greece is as follows:


        (i)     the new Managing Director in Greece will assess the production
        operations at Kavala and report to the Board in due course.


        (ii)     the new Executive Directors will oversee the evaluation of
        existing data for the Prinos Basin as a whole (including the Greater
        Kallirachi area). This process is expected to take six to nine months
        and only once that process has been completed will any decisions be
        taken with regard to further exploration drilling in the Greater
        Kallirachi and Prinos Basin areas.


6.     Conclusion


The Board believes that the quality of the Company's assets, all of which are
located in proven hydrocarbon regions, will underpin future growth. The Company
is committed to increasing production and cash flow in order to finance an
increasing proportion of its exploration costs from self generated cash.






For further information, please contact:

Regal                                                        Tel: [phone]
Roger Phillips, Finance Director

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



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