Statement on approach

Regal Petroleum PLC
04 July 2006


For Immediate Release                                                4 July 2006



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR
FROM THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS IN THAT
JURISDICTION


                              REGAL PETROLEUM PLC

                                (THE 'COMPANY')

                             STATEMENT ON APPROACH


Pursuant to Rule 2.2 of the City Code on Takeovers and Mergers, the Board
announces that it is currently in very early stage discussions which may or may
not lead to an offer being made for the Company.

A further announcement or announcements will be made in due course.


For further information, please contact:

Regal Petroleum Plc                                         Tel: [phone]
Paul Morgan, Chairman & CEO

Buchanan Communications                                     Tel: [phone]
Bobby Morse



Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if any
person is, or becomes, 'interested' (directly or indirectly) in 1% or more of
any class of 'relevant securities' of the Company, all 'dealings' in any
'relevant securities' of the Company (including by means of an option in respect
of, or a derivative referenced to, any such 'relevant securities') must be
publicly disclosed by no later than 3.30 pm (London time) on the London business
day following the date of the relevant transaction. This requirement will
continue until the date on which the offer becomes, or is declared,
unconditional as to acceptances, lapses or is otherwise withdrawn or on which
the 'offer period' otherwise ends. If two or more persons act together pursuant
to an agreement or understanding, whether formal or informal, to acquire an
'interest' in 'relevant securities' of the Company, they will be deemed to be a
single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant
securities' of the Company by the offeror or the Company, or by any of their
respective 'associates', must be disclosed by no later than 12.00 noon (London
time) on the London business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose 'relevant
securities' 'dealings' should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.

'Interests in securities' arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an 'interest' by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website. If you are in any doubt as to whether or not you are required
to disclose a 'dealing' under Rule 8, you should consult the Panel.

Responsibility

The Directors of the Company accept responsibility for the information contained
in this statement. To the best of their knowledge and belief (having taken all
reasonable care to ensure that such is the case), the information contained in
this statement is in accordance with the facts and does not omit anything likely
to affect the import of such information.




                      This information is provided by RNS
            The company news service from the London Stock Exchange