Romania Update

Regal Petroleum PLC
06 December 2006





Immediate Release                                                6 December 2006



                              REGAL PETROLEUM PLC

                           ('Regal' or 'the Company')


                      Update on Barlad Concession, Romania



Regal is pleased to announce an update on technical work that has been recently
undertaken on its Barlad Concession (the 'Concession') in Romania.


The Barlad Concession, in which Regal holds a 100% interest, is a large
exploration, development and production block in the north east of Romania
covering an area of 6285 square kilometres.


During the summer of 2006, Regal undertook a 2D seismic programme totalling 803
kilometres over the Concession, with 487 kilometres being acquired in the
largely unexplored north of the Concession and a further 316 kilometres being
acquired in the south of the Concession mainly over the Barlad Depression. The
final cost of this seismic programme was approximately $5 million.


Interpretation of the recently acquired 2D seismic data (803 km), together with
200 km of 2D seismic data previously acquired by Regal in 2005 and 800 km of
re-processed 2D seismic acquired in the 1980s and 1990s as well as available
well control, has now been completed by PGS Reservoir Limited.


Over 10 prospects and leads have been currently identified in the prospective
Sarmatian, Eocene and pre-Miocene formations, which are productive in a number
of adjacent oil and gas fields in both Romania and Moldavia, including the large
Roman Gas Field which lies 10 km to the west of the northern part of the
Concession.


Initial studies, including hydrocarbon volume estimation, have been performed by
Regal on these prospects and leads, which has identified a low risk (29%)
drillable prospect in the Sarmation formation with an unrisked undiscovered
gas-initially-in-place volume ranging from 60 to 235 bcf (approximately 10 to 40
mmbbls oe), with a best estimate of 75 bcf (approximately 12 mmbbls oe). At
least one of the remaining Sarmatian leads is expected to be matured for
drilling.


Further studies are continuing on the Eocene and pre-Miocene formations where
further leads have been identified, particularly in the deeper formations in the
Barlad Depression to the south of the Concession, which are considered to hold
additional exploration potential for both gas and oil.


The Company is in negotiations with drilling contractors in Romania to contract
a rig for the drilling of identified prospects, and drilling operations for at
least 2 wells are planned to commence in Q2 of 2007.


The Concession, which was ratified in January 2005, has a potential term of 30
years of which the first 5 years are scheduled for exploration, in 2 phases. The
first 3 year exploration phase requires the acquisition of 1000 km of 2D
seismic, field geochemistry studies and the drilling of 2 wells. The seismic and
study commitments have now been completed and the total expenditure by Regal to
date on the Concession is approximately $7 million.



For further information, please contact:

Regal                                                 Tel: [phone]
Neil Ritson, Chief Executive Officer
Frank Scolaro, Chairman



Definitions:


km                                      kilometres
bcf                                     billions of cubic feet
mmbbls oe                               millions of barrels oil equivalent
undiscovered gas-initially-in-place     a category of petroleum resources as 
                                        defined by the Society of Petroleum 
                                        Engineers



In accordance with the guidelines of the AIM market of the London Stock
Exchange, Neil Ritson BSc (Hons) Geophysics,  FGS, Chief Executive Officer of
Regal Petroleum plc, is the qualified person that has reviewed the technical 
information contained in this press release.



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