PracticeAuditAuditor resigns from oil company

Auditor resigns from oil company

KPMG resigns as auditor at Regal

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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