Major Interests in Shares

Alkane Energy PLC
11 July 2001


Alkane Energy plc

Notification of Major Interests in Shares

We hereby give notice pursuant to Rule 9.11 of the Listing Rules, that on 10
July 2001 Alkane Energy plc ('the Company'), received notification in
accordance with Section 198 of the Companies Act 1985 that Energy (CG) Limited
sold 3,000,000 ordinary shares on 15 June 2001, representing 4.0 % of their
holding.

Following this transaction their remaining holding is 4,158,000 ordinary
shares, representing approximately 4.64 % of the Company's issued share
capital.

The shares are registered in the name of Energy (CG) Limited at Jubilee
Building, Victoria Street, Douglas Isle of Man.