$re = '/=?(\'?([\w ]+)?\'?!)?\$?([A-Z]+)\$?([0-9]+)(:\$?([A-Z]+)\$?([0-9]+))?/i';
$str = '';
$subst = "sheet: $2 ! $3 $4 : $6 $7";
$result = preg_replace($re, $subst, $str);
echo "The result of the substitution is ".$result;
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for PHP, please visit: http://php.net/manual/en/ref.pcre.php