The Board of Directors are pleased to announce that a 13.2 km export pipeline constructed by Regal, connecting the Company's gas processing plant in Ukraine to the international export trunk line to Western Europe, has been completed and connected.

All Ukraine government approvals have been obtained and the Company's existing gas production is now being transported through the new pipeline which has a capacity of 4 million cubic meters of gas per day.

Completion of the pipeline is the culmination of Regal's plan to be independent of the State owned infrastructure. The Company now operates its own gas and condensate wells, gas processing plant and pipelines.

Executive Chairman Frank Timis said:
“Completion of the pipeline is a major achievement for Regal as it will facilitate the planned export of Ukraine gas production and ensures company control of the infrastructure as well as providing significant cost savings”.

For further information, please contact:

Regal Petroleum plc Tel: 020 7647 6622 
Frank Timis, Executive Chairman   
Glenn Featherby, Finance Director   

   
Buchanan Communications  Tel: 020 7466 5000 
Bobby Morse / Catherine Miles