The Company announces that 2,721,212 Long Term Incentive Plan Awards ("Awards") over ordinary shares of 5 pence each in the capital of the Company ("Ordinary Shares") have been exercised by directors and employees of the Company pursuant to the Company’s Long Term Incentive Plan ("LTIP").  The exercise price under the LTIP is 5 pence per Ordinary Share.  Details of Award exercises by directors are as follows:- 

Director                  Number of LTIP Awards Exercised

Keith Henry             141,667

David J Greer          800,000

Hendrikus Verkuil    459,375

Robert Wilde            309,375

Adrian Coates           46,667

Application has been made to the London Stock Exchange for the admission to trading on AIM of 2,721,212 new Ordinary Shares.  These Ordinary Shares, which will rank pari passu in all respects with the Company's existing Ordinary Shares, have been allotted pursuant to the exercise of the abovementioned Awards.  Admission is expected to become effective on 26 January 2010.

For further information, please contact:

Regal Petroleum Plc

Tel: 020 7408 9500

David J Greer, CEO

Strand Hanson Limited

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 / George Cazenove