Regal Petroleum plc
Oil and gas explorer Regal Petroleum is looking for royalties and more as Regal Petroleum plc explores for and produces oil and natural gas in eastern Europe and North Africa. Regal Petroleum plc operates in Egypt, Greece, Liberia, Romania, and Ukraine, with more than 70% of its reserves in Ukraine. Local oil player Chernihivnaftogasgeolgia (CNGG) legally challenged the validity of Regal's two production licenses in Ukraine. In 2006 the court ruled in favor of Regal Petroleum. Regal Petroleum plc has proved reserves of 403.5 billion cu. ft. of natural gas. In 2007 Regal Petroleum announced an oil find in Egypt.
Contact Details
Executives
Non-Executive Chairman
Francesco Scolaro
CEO and Director
Neil Ritson