Share Acquisition

Regal Petroleum PLC
18 June 2007



Immediate Release                                                   18 June 2007


                              REGAL PETROLEUM PLC
                           ('Regal' or the 'Company')

                  Completion of Share Acquisition pursuant to
           Subscription and Services Agreement dated 8 September 2006


Following the passing of the Ordinary Resolution at the Extraordinary General
Meeting of the Company held on 25 May 2007, in relation to the proposed
amendments to the Subscription and Services Agreement between Alberry Limited,
Regal Petroleum Corporation Limited ('RPC') and the Company, Regal announces
that it has completed the acquisition from Alberry Limited of 1,800 shares (the
'Shares') in the capital of RPC. RPC is now a wholly owned subsidiary of Regal.


In consideration for the acquisition of the Shares referred to above, 13,910,623
ordinary shares of 5 pence each in the capital of the Company have been allotted
and issued to Alberry Limited. These shares shall rank pari passu with the
Company's existing ordinary shares of 5 pence each and such shares are expected
to be admitted to trading on AIM on 21 June 2007.


For further information please contact:

Regal                                                         Tel: [phone]
                                                                            

Neil Ritson, Chief Executive Officer
Frank Scolaro, Chairman

Evolution Securities                                          Tel: [phone]
Nominated Adviser and Joint Broker
Robert Collins

Mirabaud Securities                                           Tel: [phone]
Pav Sanghera









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