14th Dec 2006 07:01
Regal Petroleum PLC14 December 2006 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO ORFROM THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR ANY JURISDICTIONWHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS IN THATJURISDICTION Immediate Release 14 December 2006 REGAL PETROLEUM PLC ("REGAL" OR THE "COMPANY") STATEMENT RE: TERMINATION OF POTENTIAL OFFER DISCUSSIONS Further to the announcement made on 4 July 2006 regarding the very early stagediscussions which might or might not have led to an offer being made for theCompany, the Board of Regal has reviewed its position in the light of thepositive outcome to the Ukrainian licence litigation announced on 12 December2006.As a result the Board of Regal and the potential bidder have agreed that thediscussions should be terminated with immediate effect.As stated in the announcement made on 12 December 2006, the Company will in duecourse provide an update in relation to the development of its Ukrainian assets. EnquiriesRegal Tel: 020 7408 9500 Frank Scolaro, Non-Executive ChairmanNeil Ritson, Chief Executive Officer ResponsibilityThe Directors of the Company accept responsibility for the information containedin this statement. To the best of their knowledge and belief (having taken all reasonable care to ensure that such is the case), the information contained in thisstatement is in accordance with the facts and does not omit anything likely to affect the import of such information. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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