Holding(s) in Company

Alkane Energy PLC
05 October 2004


                                    ALKANE ENERGY PLC

                         NOTIFICATION OF MAJOR INTEREST IN SHARES

                                                                  5 October 2004
                                                           For immediate release

Alkane Energy PLC (the 'Company') received notification on Friday 1 October 2004
that Tipacs Limited has reduced its interest to 3,279,239 shares, representing
3.65% of the issued share capital of the Company.

                                    - ENDS -


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