Regal Petroleum started trading on AIM recently. With the help of London broker
Evolution Beeson Gregory; Regal raised 10 million valuing the company at
34million.

Regal is raised the money to increase production in the so-called Chernihiv
field in Ukraine. Regal currently has a 75/25 joint venture with Chernihiv a
state owned exploration company and drilling enterprise. The Chernihiv field is
situated in the most prolific gas and condensate region of the Ukraine, the
Dneiper-Donets Basin. This Basin currently produces 90 per cent of Ukraine’s
gas and condensate. An independent report estimates that the Chernihiv field
has a total of proven and probable reserves of approximately 905bn cubic feet
of gas and 51.52 million barrels of condensate.

Over the years 18 exploratory wells have been drilled. Of these wells 12 have
been flow tested and demonstrated that commercial quantities of gas can be
produced.Regal says that a work over of the Mex- 3 well last July meant the
group commenced commercial production in August 2002. To increase production
rapidly Regal plans to drill more wells and work over old ones. It hopes to
have three wells in production by the end of 2003.





Corporate website : www.regalpetroleum.com

Big drop again,previous low was 57 p.

Capital group going to make a bid?

Wonderful news for regal as the court case is dismissed in favour of regal,if that is correct what i am reading as the news was at 17.56pm.any one please look at it and give there views about this news.

Regal Petroleum PLC
31 January 2006


Immediate Release 31 January 2006

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

Ukrainian Update

Further to the announcement dated 11 November 2005 regarding the legal challenge
brought by Chernihivnaftogasgeologia ('CNGG') against the Ministry of
Environmental Protection ('MEP') with respect to the validity of Regal's
production licences in the Ukraine, Regal has appealed such ruling to the Kiev
Court of Appeal but such appeal has been unsuccessful.

CNGG brought the legal action against its own parent organisation, the MEP,
claiming that the correct procedures were not followed in the awarding of two
production licences to Regal in July 2004.

On 11 November 2005, at the initial hearing of such action, the Kiev City
Commercial Court upheld CNGG's claim.

Regal lodged an appeal to the Kiev Court of Appeal contesting the earlier
ruling. The result of this appeal was delivered earlier today when the Court
dismissed Regal's appeal.

Regal is awaiting written details of such decision but has already launched a
further appeal to the Supreme Administrative Court of Ukraine to establish the
legality of its licences. The Company continues to be advised by its legal
counsel in Ukraine that the Company was awarded its licences in accordance with
applicable rules, standards and legislation of Ukraine.


For further information, please contact:

Regal Tel: 020 7408 9500
Roger Phillips, Finance Director

Buchanan Communications Tel: 020 7466 5000
Bobby Morse





This information is provided by RNS
The company news service from the London Stock Exchange

what does the future hold for Regal? anyone care to comment!

rc,

Sadly, this looks pretty dire now!

If you hold, check the intraday as there is normally a savage knee jerk reaction, followed by a brief rally.

At this price, it may be better to wait for an annoncement from the company before making a hasty decision.

I sold before the previous disappointment thank goodness.

andy,
thanks for that.

go for MRP lads, look at the email I got... loads more good news to come

see MRP BB

rc,

There you go, back upwards again now.

Loads of action on this today looks like a case of falling knives.

Got out at 1.20 afew monthes back,sorry for ex . s/holders,36 is a new low,any grounds for piling in now,whats left,any views.

I won and lost on this last year, its too dodgy ,why buy this when there is so much else to go for , anything could happen here ,could be up 50% this week or down to the depths who knows ,wouldn't touch it with a Bargepole ...

does any one know why there is lot of buying today

This just gets worse and worse!

I guess at this price Regal is now a speculation on whether they will ultimately prevail in the Ukranian legal system or not.

-------------------------------------------

Regal Petroleum loses appeal against CNGG over Ukraine production licences

LONDON (AFX) - Regal Petroleum PLC says the Kiev Court of Appeal has
rejected its appeal against a lower court ruling upholding a complaint by
Chernihivnaftogasgeologia (CNGG) against the Ministry of Environmental
Protection relating to the validity of Regal's production licences in Ukraine.
In a statement, Regal said it is awaiting written details of the decision
but has already launched a further appeal to the Supreme Administrative Court of
Ukraine.
The company continues to be advised by its legal counsel in Ukraine that the
licences were awarded in accordance with applicable rules, standards and
legislation of Ukraine.
CNGG brought the legal action against its own parent organisation, the MEP,
claiming that the correct procedures were not followed in the awarding of two
production licences to Regal in July 2004.
newsdesk@afxnews.com
ra

COPYRIGHT

Copyright AFX News Limited 2005. All rights reserved.
The copying, republication or redistribution of AFX News Content,inculding by
framing or similar means, is expressly prohibited without the prior written
consent of AFX News.

AFX News and AFX Financial News Logo are registered trademarks of AFX News
Limited

Now at 35 pence...Andy was ramping at 500 pence...ouch.

sue,

Please show me the posts you are referring to!

Bet you can't!


This looks more like one of your stocks after the ramp phase is over!

Andy Ramper...idiot was ramping this piece of crap at 500 pence.....

Sue,

so you can't produce ANY posts to back that up then?

Thought not!

I honestly think Regal may be worth watching, and once they begin to export gas, with the 50% higher price, they could well be worthy of consideration.

In particular, I like the fact that they sell cash on delivery within the Ukraine, so no bad debt problems!

Regal are also debt free, with a decent balance in the bank.

----------------------------------------------------------------------------------

Where the hell is the gas....there was no gas right from the start Andy...guillible fool.

Sue,

Where is the ramp in that post then?

Come on, find a "ramp"!