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Company Update

15 Apr 2009 11:16

RNS Number : 5977Q

Regal Petroleum PLC

15 April 2009

Regal Petroleum plc

("Regal" or the "Company")

15 April 2009

COMPANY UPDATE

Regal Petroleum, the AIM-listed (RPT) oil and gas exploration and production group operating in Ukraine, Romania and Egypt, today announces that it has suspended discussions with Macquarie Bank Limited in relation to the prospective provision of a loan facility for up to $US100 million.

Regal's primary objective remains to further strengthen its financial position on optimal terms and provide the funds to implement the Company's development strategy, which the Company believes will deliver significant value to shareholders.

Negotiations with other potential lenders and commercial / joint venture partners continue, and further announcements will be made as appropriate.

For further information, please contact:

Regal Petroleum plc Tel: 020 7408 9500

David J Greer, CEO

Strand Partners Limited Tel: 020 7409 3494

Simon Raggett / Rory Murphy

Mirabaud Securities Tel: 020 7878 3362

Peter Krens / Pav Sanghera

Citigate Dewe Rogerson Tel: 020 7638 9571

Enquiries: George Cazenove

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCSFIFSISUSEFL

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22nd Feb 2006	4:19 pm	RNS	Holding(s) in Company
21st Feb 2006	5:49 pm	RNS	Holding(s) in Company
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1st Feb 2006	9:54 am	RNS	Holding(s) in Company
31st Jan 2006	11:20 am	RNS	Ukrainian Update
24th Jan 2006	4:09 pm	RNS	Holding(s) in Company
13th Jan 2006	3:36 pm	RNS	Holding(s) in Company-Amend
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22nd Dec 2005	2:45 pm	RNS	Holding(s) in Company
15th Dec 2005	12:46 pm	RNS	Holding(s) in Company
7th Dec 2005	5:56 pm	RNS	Ukraine Update
7th Dec 2005	10:54 am	RNS	Holding(s) in Company
1st Dec 2005	8:58 am	RNS	Holding(s) in Company
28th Nov 2005	3:43 pm	RNS	Holding(s) in Company
28th Nov 2005	7:02 am	RNS	Exploration Well Completed

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