Regal Petroleum plc (AIM: RPT), the AIM-quoted oil and gas exploration and production group, is pleased to announce that it has entered into a Memorandum of Understanding (the “Memorandum”) for the acquisition of PJSC Science and Production Concern Ukrnaftinvest (“UNI”), which holds the Belolisky and Alibeysk-Trapivska production licences (the “Licences”) in Ukraine.