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    Auditor resigns from oil company

    Auditor resigns from oil company

    KPMG resigns as auditor at Regal

    Author Date published March 27, 2006 Categories

    Regal petroleum, the AIM-listed oil and gas company operating in the Ukraine,
    has announced that its auditor, KPMG has resigned with immediate effect.

    The announcement was made by Regal yesterday who said the firm had confirmed
    that ‘there are no circumstances connected with their resignation that they
    consider should be brought to the attention of the Company’s members or
    creditors’.

    A new auditor has yet to be appointed. The company is also looking to appoint
    a new nominated adviser and broker.

    Regal has been struggling of late after a much-hyped exploration well off
    Greece was unsuccessful.

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