6 Oct 2005 13:31
Regal Petroleum PLC06 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 ofUkraine ("the Ministry"), Regal is pleased to announce that it has received aformal letter from the Ministry confirming the validity of all of Regal'slicences 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 followsthe further confirmation announced on 3 October 2005 of the authorising by theMinistry of Fuel and Energy of Ukraine through the issue of Order No 492 for thecommercial production of the Company's Svyrydivske licence in Ukraine. Regal has also been informed by its counsel in Ukraine that the courtproceedings relating to the former joint venture in the Ukraine between Regaland Chernihivnaftogasgeology has been further delayed. Regal will make anannouncement as soon as the hearing is completed. For further information please contact: Dr. Rex GaisfordRegal Tel: 020 7408 9500 Bobby Morse/Ben Willey Tel: 020 7466 5000Buchanan Communications This information is provided by RNS The company news service from the London Stock Exchange