Holding(s) in Company

Regal Petroleum PLC
12 December 2002


For Immediate Release                                Thursday 12th December 2002


                               REGAL PETROLEUM PLC
                                 ('the Company')

                               Holding in Company

The Company was notified on 11 December 2002 that Ballure Trading Limited is
currently interested in 9,038,000 ordinary 5p shares in the Company ('Ordinary
Shares') representing 15.77 per cent. of the Company's issued Ordinary Share
capital.


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