Regal Selects Tristone to Advise on Assets

Regal Petroleum PLC has engaged Tristone Capital Limited, a specialist global energy advisory firm, as an advisor in the development of parts of Regal's asset portfolio.

Tristone Capital has been engaged to advise on potential strategic options for Regal's Ukrainian production licenses with a view to accelerating the further development of its existing producing gas fields, Mekhediviska-Golotvschinska (MEX-GOL) and Svyrydivske (SV). Regal's Directors would like to stress, however, that the initiation of a strategic review of options does not imply that any transaction is either imminent or certain to occur.

Neil Ritson, Regal's Chief Executive Officer, commented: "As Regal seeks to develop its portfolio we are delighted to be able to work with the team at Tristone Capital who have gained an excellent reputation for their handling of a number of major transactions in the oil and gas sector."