Egyptian Discovery

Regal Petroleum PLC 24 September 2007 -------------------------------------------------------------------------------- Immediate Release 24 September 2007 REGAL PETROLEUM PLC ('Regal' or 'the Company') Oil Discovery in Egypt The Company is pleased to announce that a successful well test has been conducted in the ERB-A-1X well operated by Apache East Ras Budran Corp. LDC ('Apache') in the East Ras Budran ('ERB') Concession in which Regal holds a 25% working interest. During a 12 hour flow period, the well produced 1,910 bopd through a 64/64' choke. No water was produced and initial indications are that the oil has a gravity of approximately 17 degrees API. The well was lifted with nitrogen delivered to 11,900 feet through coiled tubing and no other stimulation was required. The ERB-A-1X well is the first of two commitment wells in the initial exploration period of the ERB Concession and was spudded on the 15 June 2007. The well has been drilled to a total depth of 13,615 feet (11,921 feet TVD) to the primary target in the Darat Limestone. The well has a near horizontal trajectory at total depth to ensure optimum production potential from the anticipated reservoir interval. The ERB-A-1X well has been suspended as a future production well and following detailed evaluation of the test results, additional stimulation and testing may be carried out. The drilling rig will now be moved to the second planned exploration well, ERB-B-1X, which is anticipated to be completed in the fourth quarter of 2007. An appraisal well, ERB-A-2X, is under consideration and would be drilled immediately following the completion of the ERB-B-1X well. Apache has informed the Company that it plans to submit a Notice of Commercial Discovery to the Egyptian authorities shortly. Regal's Chief Executive Officer, Neil Ritson, commented: 'Although it is too early to assess the reserves potential of the ERB-A-1X field, this is an exciting discovery from our first well in the ERB Concession. We look forward to further results from the planned exploration and appraisal of this Concession which lies onshore in the prolific Gulf of Suez basin.' For further information, please contact: Regal Tel: 020 7408 9500 Neil Ritson, Chief Executive Officer Frank Scolaro, Chairman Evolution Securities Tel: 020 7071 4300 Robert Collins Mirabaud Securities Tel: 020 7321 2508 Pav Sanghera Buchanan Communications Tel: 020 7466 5000 Bobby Morse Definitions: bopd barrels of oil per day TVD true vertical depth In accordance with the guidelines of the AIM market of the London Stock Exchange, Neil Ritson BSc (Hons) Geophysics, FGS, Chief Executive Officer of Regal Petroleum plc, is the qualified person that has reviewed the technical information contained in this press release. This information is provided by RNS The company news service from the London Stock Exchange
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