Regal Petroleum plc is an independent oil and gas company. The Company is engaged in oil and gas exploration, development and production. The Company is focused on gas and condensate field development in Ukraine. It has oil and gas interests in Ukraine and Romania. Ukrainian licences are the Company�s primary assets. These licences are known as the MEX-GOL and SV fields (100% Regal-owned) and the interests are operated and managed by the Company as one field. As of December 31, 2011, it held a non-operated 50% interest in the Suceava Block. It subsidiaries include Regal Petroleum Corporation Limited, Regal Petroleum Ukraine Limited, Regal Petroleum Romania SRL and Regal Egypt Limited. On February 14, 2011, the Company completed the sale of the Barlad Concession in Romania to Chevron Exploration and Production SRL. In July 2012, Zeta Petroleum plc acquired 100% interest in Regal Petroleum Romania SRL, which is a wholly owned subsidiary of the Company.