Additional Listing

Fusion Oil & Gas PLC
21 January 2004

FUSION OIL & GAS PLC ('Fusion')

20,000 partly paid shares in Fusion Oil & Gas NL ('FOG') paid up and converted
into ordinary shares in Fusion.

Application to the Alternative Investment Market of the London Stock Exchange
('AIM') for the admission of these additional ordinary shares

The Directors of Fusion have received notice that a holder of partly paid shares
in FOG is paying up the balances of AUS$3,980 (approximately £1,600) due in
respect of 20,000 partly paid shares in FOG. Fusion is now obliged, as described
in the Admission Document dated 22 September 2000, to acquire the shares and to
issue, as consideration, fully paid ordinary shares in Fusion.

Application is being made to AIM for the listing of the additional ordinary
shares expected on 25 January 2004. The new ordinary shares will rank pari passu 
with the existing ordinary shares in issue.

Enquiries:

Fusion Oil & Gas plc - Tel [phone]

Dr Peter Dolan Chairman 




                      This information is provided by RNS
            The company news service from the London Stock Exchange