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Published on 7/3/2008 in the Prospect News PIPE Daily.

New Issue: Regal Petroleum sells £20.52 million of stock in private placement

By Devika Patel

Knoxville, Tenn., July 3 - Regal Petroleum plc said it took in £20.52 million in a private placement of shares.

The company sold 8,376,840 shares at 245p each through lead manager and bookrunner Merrill Lynch International.

Regal is a London-based oil and gas exploration and production company.

Issuer:Regal Petroleum plc
Issue:Shares
Amount:£20,523,258
Shares:8,376,840
Price:245p
Warrants:No
Bookrunner:Merrill Lynch International
Settlement date:July 3
Stock symbol:London: RPT
Stock price:242.75p at close July 2

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