Greece Operational Update

Regal Petroleum PLC
13 September 2005


Immediate Release                                             13 September 2005

                              REGAL PETROLEUM PLC

                           ('Regal' or the 'Company')


                           Greece Operational Update

The Board of Regal are pleased to advise that a settlement has been reached with
the Union at Kavala Oil SA, Regal's subsidiary in Greece, in respect of the
recent industrial unrest. Under the settlement, it has been agreed that the
operational management of Kavala Oil SA, including the economics of operations,
shall be undertaken by Greek local management, with the assistance of the
unionised workforce with the aim of making the operation successful. Regal's
participation will remain as the majority shareholder of Kavala Oil SA but
without participating in the day to day operational management.

Following this settlement, Kavala Oil SA will continue its production operations
as previously, although Regal is not intending to re-implement its well
work-over programme at present, and will consider the economic viability of
further support or investment in Kavala Oil SA including development of
currently undeveloped but discovered oil, and pursuing exploration potential,
once the economics of the operation under Greek local management has been
assessed.

For further information, please contact:

Regal                                                     Tel: [phone]
Rex Gaisford, Chief Executive
Roger Phillips, Finance Director

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


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