Kavala Oil S.A.

Regal Petroleum PLC
19 November 2003


Immediate Release                                              19 November 2003



                              REGAL PETROLEUM PLC
                                   ('Regal')

Kavala Oil S.A. Commences Drilling of Kallarachi Prospect, Greece


The directors are pleased to announce that Kavala Oil S.A. ('Kavala') has
commenced drilling of an exploration well at the Kallarachi exploration field.
Based on an independent opinion by consultants Troy Ikoda, the field is expected
to contain up to 227 million barrels of recoverable oil.


The well is scheduled to be drilled to its target depth of 2,500 metres by 31
January 2004 and is budgeted to cost US$8.5 million. The cost of drilling is
being funded by the US$30 million credit facility provided by Regal to Kavala.


Kavala is a private company incorporated in Greece in which Regal has an
indirect 57.69 per cent. interest.


For further information, please contact:

Regal                                                        Tel: [phone]
Frank Timis, Executive Chairman
Glenn Featherby, Finance Director

Buchanan Communications                                      Tel: [phone]
Bobby Morse / Catherine Miles




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