Regal Petroleum PLC
09 March 2007
Immediate Release 9 March 2007
REGAL PETROLEUM PLC
('Regal' or 'the Company')
Appointment of Advisor
The Company is pleased to announce the engagement of Tristone Capital Limited, a
specialist global energy advisory firm, as an advisor in the development of
parts of Regal's asset portfolio.
Tristone Capital has been engaged to advise on potential strategic options for
Regal's Ukrainian production licences with a view to accelerating the further
development of its existing producing gas fields, Mekhediviska-Golotvschinska
(MEX-GOL) and Svyrydivske (SV). Regal's Directors would like to stress, however,
that the initiation of a strategic review of options does not imply that any
transaction is either imminent or certain to occur.
Neil Ritson, Regal's Chief Executive Officer, commented: 'As Regal seeks to
develop its portfolio we are delighted to be able to work with the team at
Tristone Capital who have gained an excellent reputation for their handling of a
number of major transactions in the oil and gas sector.'
For further information, please contact:
Regal Tel: 020 7408 9500
Neil Ritson, CEO
Frank Scolaro, Chairman
This information is provided by RNS
The company news service from the London Stock Exchange