Ukrainian Update

Regal Petroleum PLC
09 September 2005


Immediate Release                                              9 September 2005

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

                                Ukrainian Update

The Board of Regal have noted recent speculation in the media with regards to a
dispute itemised in a letter from the Ukranian Prosecutor-General's Office on
the validity of licences held by Regal Petroleum Corporation Limited, the wholly
owned subsidiary of Regal based in the Ukraine. Having received full guidance
from legal counsel in Ukraine, the speculation has no substance and the licences
owned by Regal remain legal and valid.

The letter appears to refer to actual facilities and wells that are currently
delivering the pilot production from the field which were developed by the joint
venture between Regal and Chernihivnaftogasgeology under a previous pilot
production license and which has been the subject of Court proceedings in
Ukraine to establish 25% of the value to be ascribed to these physical assets to
be paid to Chernihivnaftogasgeology. This court action was completed and an
appropriate sum paid into court by Regal. This ruling on valuation has been
appealed by Chernihivnaftogasgeology and this action by the Prosecutor's office
therefore requires clarification, which is currently being sought.

For further information, please contact:

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

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




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