Regal Petroleum PLC
14 December 2006
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Immediate Release 14 December 2006
REGAL PETROLEUM PLC
('REGAL' OR THE 'COMPANY')
STATEMENT RE: TERMINATION OF POTENTIAL OFFER DISCUSSIONS
Further to the announcement made on 4 July 2006 regarding the very early stage
discussions which might or might not have led to an offer being made for the
Company, the Board of Regal has reviewed its position in the light of the
positive outcome to the Ukrainian licence litigation announced on 12 December
2006.
As a result the Board of Regal and the potential bidder have agreed that the
discussions should be terminated with immediate effect.
As stated in the announcement made on 12 December 2006, the Company will in due
course provide an update in relation to the development of its Ukrainian assets.
Enquiries
Regal Tel: 020 7408 9500
Frank Scolaro, Non-Executive Chairman
Neil Ritson, Chief Executive Officer
Responsibility
The Directors of the Company accept responsibility for the information contained
in this statement. To the best of their knowledge and belief (having taken all
reasonable care to ensure that such is the case), the information contained in this
statement is in accordance with the facts and does not omit anything likely to
affect the import of such information.
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