Regal Petroleum PLC
19 May 2006
For Immediate Release 19 May 2006
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PRESS RELEASE - PRESS RELEASE - PRESS RELEASE - PRESS RELEASE - PRESS RELEASE
REGAL PETROLEUM PLC
('the Company')
Settlement of Contractual Dispute
The Company is pleased to advise that the on-going dispute between the Company
and Peak Resources Limited of Hong Kong in respect of the validity of an option
relating to the Company's assets in Ukraine has been settled with the effect
that the disputed option is now terminated.
For the avoidance of doubt, this settlement is not in any way related to the
on-going litigation in Ukraine regarding the validity of the Company's Ukrainian
production licences and the position in this regard remains as announced by the
Company on 9 May 2006.
For further information, please contact:
Regal Petroleum plc Tel: 020 7408 9500
Paul Morgan - Chairman & CEO
Buchanan Communications Tel: 020 7466 5000
Bobby Morse
This information is provided by RNS
The company news service from the London Stock Exchange