Closing of sale

Regal Petroleum plc

("Regal" or the "Company")

7 July 2011

CLOSING OF SALE OF INTEREST IN

EAST RAS BUDRAN CONCESSION, EGYPT

Regal, the AIM-listed oil and gas exploration and production group (symbol: RPT), announces that it has completed the sale of its 25% non-operated interest in the East Ras Budran Concession in Egypt to Apache East Ras Budran Corporation LDC ("Apache").

The consideration payable under the sale agreement was US$1,100,000, which was subject to accounting adjustments under the joint venture between Regal and Apache, resulting in net receipts to Regal of US$640,344, which were paid on completion.

For further information, please contact:

Regal Petroleum plc Tel: 020 7408 9500

Keith Henry, Chairman

Robert Wilde, Finance Director

Strand Hanson Limited Tel: 020 7409 3494

Simon Raggett / Rory Murphy

Citigate Dewe Rogerson Tel: 020 7638 9571

Martin Jackson / Kate Lehane