Romanian Operations Update

Regal Petroleum PLC
17 October 2007


Immediate Release                                                17 October 2007

                              REGAL PETROLEUM PLC
                           ('Regal' or 'the Company')

                         Update on Romanian Operations

Barlad Concession
Regal is pleased to announce the spudding of exploration well RBN-4 in the
Barlad Concession in which the Company holds a 100% working interest.  It is
planned that the RBN-4 well, once completed, will be followed by the Company's
second planned exploration well, RBN-3.

The RBN-4 well is being drilled on a Sarmatian formation gas prospect identified
by Regal in late 2006 using the 2D seismic data acquired by the Company in 2006
and is planned to reach a target depth of 1,050 metres.  The well will be logged
on completion of drilling and the rig moved to the RBN-3 location approximately
5 kilometres to the northwest.  It is envisaged that the RBN-4 well will take
approximately 18 days to drill at a cost of approximately US$1.0 million.  Any
testing of the well, if required, will be deferred until a lower cost well
workover unit can be mobilised.

The RBN-3 well is also planned to test a Sarmatian formation gas prospect and is
estimated to take approximately 20 days to drill at a cost of approximately
US$1.1 million.

These prospects are supported by seismic amplitudes and have been assessed by
the Company as having geological probability of success of approximately 30%.
The Company has computed best estimate unrisked undiscovered
gas-initially-in-place volumes of 30 bcf for the RBN-4 prospect and 61 bcf for
the RBN-3 prospect. The proximity of a network of gas pipelines coupled with the
low costs of both drilling and gas handling facilities allows small gas
accumulations to be commercially exploited.

Following evaluation of the results from these two Barlad wells, Regal plans to
extend the Barlad licence into its second exploration period in order to further
test Sarmatian prospects and to finalise evaluation of the potential of the
deeper oil play within Eocene and pre-Miocene formations in the south of the
Barlad Concession, within an area known as the Barlad Depression.

Suceava Concession
In the adjacent Suceava Concession where Aurelian Oil and Gas plc ('Aurelian')
operates on behalf of a joint venture between Regal and Aurelian, with each
company holding a 50% working interest, it is anticipated that the Dornesti
Sud-1 well will be spudded in November 2007.  The Dornesti Sud-1 well, which
will complete the earn-in work commitment undertaken by Aurelian, is also
targeting a shallow Sarmatian gas prospect and is expected to be drilled to a
total depth of 900 metres in approximately 16 days.  The Dornesti Sud prospect
lies some 5 kilometres up dip from Regal's 2005 SE-1 well which identified a
sub-economic accumulation of gas in the Sarmatian formation.

For further information, please contact:

Regal                                                Tel: [phone]
Neil Ritson, Chief Executive Officer
Frank Scolaro, Chairman

Evolution Securities                                 Tel: [phone]
Robert Collins

Mirabaud Securities                                  Tel: [phone]
Pav Sanghera

Buchanan Communications                              Tel: [phone]
Bobby Morse
Ben Willey

Definitions:

bcf billion cubic feet
undiscovered gas-initially-in-place a category of petroleum resources as defined
by the Society of Petroleum Engineers


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.




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