Regal Petroleum PLC
06 October 2005
Immediate Release 6 October 2005
REGAL PETROLEUM PLC
('Regal' or 'the Company')
Validation of Ukrainian Licences
Following a request by Regal to the State Committee of Natural Resources of
Ukraine ('the Ministry'), Regal is pleased to announce that it has received a
formal letter from the Ministry confirming the validity of all of Regal's
licences and permits in Ukraine for Mekhedivsko-Golotovschinske (Licence # 3334)
and Svyrydivske (Licence # 3335) gas and condensate fields.
The confirmation of the validity of Regal's 20 year production licences follows
the further confirmation announced on 3 October 2005 of the authorising by the
Ministry of Fuel and Energy of Ukraine through the issue of Order No 492 for the
commercial production of the Company's Svyrydivske licence in Ukraine.
Regal has also been informed by its counsel in Ukraine that the court
proceedings relating to the former joint venture in the Ukraine between Regal
and Chernihivnaftogasgeology has been further delayed. Regal will make an
announcement as soon as the hearing is completed.
For further information please contact:
Dr. Rex Gaisford
Regal Tel: 020 7408 9500
Bobby Morse/Ben Willey Tel: 020 7466 5000
Buchanan Communications
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