Regal Petroleum

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Regal Petroleum plc

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(London:RPT)
Contact Information
Regal Petroleum plc
57 Berkeley Sq.
London W1J 6ER, United Kingdom
Tel. +44-020-7408-9500
Fax +44-020-7408-9501

Type: Public
On the web: http://www.regalpetroleum.co.uk
Employees: 173
Employee growth: 8.1%

Oil and gas explorer Regal Petroleum is looking for royalties and more as it explores for and produces oil and natural gas in eastern Europe and North Africa. It operates in Egypt, 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. Regal Petroleum survived the legal challenges until May 2010 when the Ukrainian Ministry of Environmental Protection ordered the company to suspend its Ukraine operations, citing noncompliance with local regulations.

Key numbers for fiscal year ending December, 2010:
Sales: $29.0M
One year growth: 46.3%
Net income: ($40.6)M

Officers:
Non-Executive Chairman: Francesco Scolaro
CEO and Director: Neil Ritson
COO: David Scott

Competitors:
EGPI Firecreek
JKX
TNK-BP

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Regal Petroleum plc
Type Public limited company
Industry Oil and gas industry
Headquarters London, United Kingdom
Key people Keith Henry (Executive Chairman)
Website www.regalpetroleum.com

Regal Petroleum plc is a petroleum company based in London with assets in Romania, Ukraine, Greece, and Egypt. It was founded by Frank Timiş in November 1996, and is listed on the London Alternative Investment Market.

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