Directorate Change

3 Mar 2006 18:04

Regal Petroleum PLC03 March 2006 Immediate Release 3 March 2006 REGAL PETROLEUM PLC ("Regal" or "the Company") Directorate and Nominated Adviser/Broker Changes Regal today announces the resignation of the following directors with immediateeffect; Sir Peter Heap (Non-executive Chairman) Dr Rex Gaisford (Chief Executive Officer) Mr Richard Hardman (Exploration Director) The Board of Directors of Regal expresses its appreciation to the abovedirectors for their contribution to Regal since joining the Board last year. Mr Paul Morgan has today joined the Board of Regal and will assume theresponsibilities of Chairman and Chief Executive Officer. Mr Morgan hasconsiderable oil and gas experience gained in North America, Eastern Europe andAustralia. The Board of Regal now comprises the following directors; Mr Paul Morgan (Chairman and Chief Executive Officer) Mr Roger Phillips (Finance Director) Lord St John of Bletso (Non-executive Director) In addition, the Company announces that on 20 February 2006 Evolution Securitiesgave notice to resign as its Nominated Adviser/Broker which following a 30 daynotice period, will be effective on 22 March 2006. The Company is in advanceddiscussions to appoint a new Nominated Adviser/Broker and a further announcementwill be made in due course. For further information, please contact: Regal Tel: 020 7408 9500 Paul Morgan, Chairman and CEORoger Phillips, Finance Director Buchanan Communications Tel: 020 7466 5000Bobby Morse Further information on Mr Morgan In the last 5 years Mr Morgan has been a director of the following companies: Goldbelt Resources Ltd. Gabriel Resources Ltd. Southern Titanium Ltd. Delcor Industries (USA) Inc There are no other disclosures to be made in respect of the appointment of MrMorgan under paragraph 15 of the AiM Rules. This information is provided by RNS The company news service from the London Stock Exchange