The Company is pleased to announce that Apache East Ras Budran Corp. LDC, as operator of the East Ras Budran Concession (the "Concession") in Egypt, has spudded the ERB-B-2X well, which is the third exploration well on the Concession.

The ERB-B-2X well, which is planned to take approximately 35 days to drill, is primarily targeting the Cambrian Naqus-Araba sandstone formation and is expected to be drilled to a total depth of approximately 4800 feet.

The Company holds a 25% working interest in the Concession which covers an area of 521 square kilometres onshore in the Gulf of Suez.

For further information, please contact:

Regal Tel: 020 7408 9500
David J Greer, Chairman & CEO 

Strand Partners Tel: 020 7409 3494
Simon Raggett / Rory Murphy

Mirabaud Securities Tel: 020 7878 3362
Peter Krens / Pav Sanghera 

Citigate Dewe Rogerson Tel: 020 7638 9571
Martin Jackson / Scott Fulton 

In accordance with the guidelines of the AIM market of the London Stock Exchange, Antonio Mozetic, PhD Geological Sciences, SPE, Director of Regal Petroleum plc, is the qualified person that has reviewed the technical information contained in this press release.