Termination of MOU

Regal Petroleum PLC
26 November 2007





 
Immediate Release                                               26 November 2007
                                                                            


                              REGAL PETROLEUM PLC

                           ('Regal' or 'the Company')


                       Update Ukraine Partial Divestment



The Company wishes to inform the market that the Company has received notice of
termination of the Memorandum of Understanding between the Company and Shell
Exploration & Production Ukraine Investments (1) BV announced on 21 November
2007.


The Company is considering its options for the development and commercialisation
of its Ukrainian assets. A further announcement will be made in due course.


For further information, please contact:

Regal                                           Tel: [phone]

David Greer, Chairman & CEO

Evolution Securities                            Tel: [phone]
Robert Collins

Mirabaud Securities                             Tel: [phone]
Pav Sanghera


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