Ukrainian Update

Regal Petroleum PLC
05 May 2006


Immediate Release                                              5 May 2006


                              REGAL PETROLEUM PLC

                           ('Regal' or 'the Company')


                                Ukrainian Update


Further to the announcement dated 31 January 2006 regarding the legal challenge
brought by Chernihivnaftogasgeologia ('CNGG') against the Ministry of
Environmental Protection ('MEP') with respect to the validity of Regal's
production licences in the Ukraine, Regal's appeal to the Supreme Administrative
Court of Ukraine was heard today but such appeal has been unsuccessful.


CNGG brought the legal action against its own parent organisation, the MEP,
claiming that the correct procedures were not followed in the awarding of two
production licences to Regal in July 2004.


On 11 November 2005, at the initial hearing of such action, the Kiev City
Commercial Court upheld CNGG's claim.


On 31 January 2006, at the appeal hearing of such action, the Kiev Court of
Appeal again upheld CNGG's claim.


Regal lodged a further appeal to the Supreme Administrative Court of Ukraine
contesting the previous ruling of the Kiev Court of Appeal. The result of this
appeal was delivered earlier today when the Court dismissed Regal's appeal.


Regal is awaiting written details of such decision but will now launch a further
appeal to the Supreme Court of Ukraine to establish the legality of its licences
as well as a motion to suspend the operation of today's ruling. The Company
continues to be advised by its legal counsel in Ukraine that the Company was
awarded its licences in accordance with applicable rules, standards and
legislation of Ukraine.





For further information, please contact:

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

Buchanan Communications                 Tel: [phone]
Bobby Morse







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