Result of EGM

Regal Petroleum PLC
23 March 2004


Immediate Release                                       Tuesday 23rd March 2004


                      Regal Petroleum plc ('the Company')

                    Result of Extraordinary General Meeting


At the Extraordinary General Meeting of the Company held today the Resolutions
put to Shareholders to effect the Placing, which was announced on 27 February
2004, were duly passed.


Accordingly, application is being made for 13,333,334 New Ordinary Shares to be
issued pursuant to the Placing and to be admitted to trading on AIM. Dealings on
AIM are expected to commence on 25 March 2004. Following admission of the new
Ordinary Shares, the Company will have 114,935,868 Ordinary Shares in issue.


Words and expressions used in this announcement shall, unless the context
otherwise requires, bear the same meanings as set out in the circular to
Shareholders dated 27 February 2004 copies of which are available from Regal
Petroleum plc, 49 Albemarle Street, London W1S 4JR.


23 March 2004


For further information, please contact:

Regal                                                        Tel: [phone]

Frank Timis, Executive Chairman
Stephen West, Company Secretary

Buchanan Communications                                      Tel: [phone]
Bobby Morse



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