Updates

Regal Petroleum - Continues data collection

March 2005

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Regal had shareholders on tenterhooks all month and on 28 February, the last date of its self imposed deadline, it issued a holding statement ahead of the overdue drilling update. Drilling is ongoing at Kallirachi as Regal are having to drill five different horizons with the same rig, i.e. a complex process which needs to be done correctly in order to establish a full recoverability/flow rate from the reservoirs. The Kallirachi-2 appraisal/development well has been drilled to a depth of 2,970 metres and has intersected four large reservoirs which will shortly be flow tested. The company also intends to drill to 3,300 metres which looks encouraging. Regal will be in a position to make an announcement once all that data is collated. ...

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Scott Tod

Tarsus

Regal Petroleum - Greek news still awaited (May 2005)

Regal Petroleum - Drilling report due this month (February 2005)

Regal Petroleum - Evolution suggests 550p price target based on Kallirachi success (January 2005)

Regal Petroleum - Starts drilling in Kallirachi (November 2004)

Regal Petroleum (October 2004)

Regal Petroleum - Evolution says assets worth 667p (excluding Romania) (September 2004)

Regal Petroleum - New high ahead of anticipated newsflow (July 2004)

Regal Petroleum - Ukrine gas plant going gangbusters (June 2004)

Regal Petroleum - 25-fold increase in production in 2004; Reserve update due in June (May 2004)

Regal Petroleum - Shares up 173% since Jan '03 buy (February 2004)

Regal Petroleum - First positive trading update since float (February 2003)

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