Regal Petroleum PLC
29 September 2005
Immediate Release 29 September 2005
REGAL PETROLEUM PLC
('the Company')
Ukrainian Update
The Company announce this morning that it has received a communication from its
legal representatives in the Ukraine that Nadra Ukrayiny, the parent
organisation for Chernigivnaftogasgeologia ('CNGG'), is intending to issue a
legal challenge to Regal's licences in the Ukraine. The Company is presently
unaware of the basis of this challenge and will vigorously defend its position.
The Company continues to believe and as such is being so advised by its legal
representatives that its licences were properly awarded and are legally sound.
The Company is urgently seeking further information and will keep the market
informed as and when such information becomes available.
Chief Executive Officer Rex Gaisford said 'We don't believe there is any
substance in the potential claim and we will be fighting any such case
vigorously. We will continue to meet this challenge with the same degree of
openness and professionalism with which we have attempted to meet the other
challenges over the past three months'.
For further information, please contact:
Regal Tel: 020 7408 9500
Roger Phillips, Finance Director
Buchanan Communications Tel: 020 7466 5000
Bobby Morse
This information is provided by RNS
The company news service from the London Stock Exchange
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