11th Nov 2005 17:28
Regal Petroleum PLC11 November 2005 Immediate Release 11 November 2005 REGAL PETROLEUM PLC ("the Company") Ukrainian Update Further to the Company's announcement dated 3 October 2005 regarding the legalaction brought by Chernigivnaftogasgeologia ("CNGG") against the Ministry ofEnvironmental Protection challenging the process used in the grant of Regal'sproduction licences in the Ukraine, Regal has been advised by its legal counselin the Ukraine that at the initial hearing of such action, CNGG's claim wasupheld. Regal is awaiting written details of such decision but intends to now join suchlegal proceedings and will vigorously defend the legality of its licences, whichremain in force pending further legal action. The Company continues to beadvised by its legal counsel in Ukraine that the Company was awarded itslicences in accordance with applicable rules, standards and legislation ofUkraine. For further information, please contact: Regal Tel: 020 7408 9500Roger Phillips, Finance Director Buchanan Communications Tel: 020 7466 5000Bobby Morse / Ben Willey This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
RPT.L