Director Shareholding, etc

Fusion Oil & Gas PLC
4 November 2003


FUSION OIL & GAS PLC ('Fusion')

2,181,000 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

Change in directors interests

The Directors of Fusion have received notice that holders of partly paid
shareholdings in FOG are paying up the balances of AUS$434,019 (approximately
£180,000) due in respect of 2,181,000 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 has been made to AIM for the listing of the additional ordinary
shares expected on 10 November. The new ordinary shares will rank pari passu 
with the existing ordinary shares in issue.


The Directors of Fusion have simultaneously been notified that, as a result of
the conversions described above, certain directors have acquired beneficial
interests in ordinary shares in Fusion as follows :


Dr R.Stabbins                           500,000 
J.Taylor                              1,050,000 
P.O'Connor                              567,000


Enquiries:
Fusion Oil & Gas plc  -  Tel [phone]
Dr Peter Dolan  



                       SCHEDULE 11

     NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED 
                        PERSONS


1)  NAME OF COMPANY

    FUSION OIL & GAS PLC

2)  NAME OF DIRECTOR

    PATRICK O'CONNOR

3)  Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
    non-beneficial interest or in the case of an individual holder
    if it is a holding of that person's spouse or children under the
    age of 18 or in respect of an non-beneficial interest

     BENEFICIAL

4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them. (If notified)

     CENOTAPH NOMINEES LIMITED 

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

     N/A

6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

     CONVERSION INTO ORDINARY SHARES IN FUSION OIL & GAS PLC ON PAYING UP
     UNPAID BALANCE ON PARTLY PAID SHARES IN FUSION OIL & GAS NL

7)  Number of shares/amount of
    stock acquired

     567,000

8)  Percentage of issued Class

    .6%

9)  Number of shares/amount
    of stock disposed



10) Percentage of issued Class

     

11) Class of security

     ORDINARY

12) Price per share

     AUS $0.199

13) Date of transaction

     4/11/03

14) Date company informed

     4/11/03

15) Total holding following this notification

     1,237,000

16) Total percentage holding of issued class following this notification

     1.21%

     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant



18) Period during which or date on which exercisable



19) Total amount paid (if any) for grant of the option



20) Description of shares or debentures involved: class, number.



21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise



22) Total number of shares or debentures over which options held
    following this notification



23) Any additional information



24) Name of contact and telephone number for queries

     R.G. GODSON  020 77495 5916

25) Name and signature of authorised company official responsible for
    making this notification

    Date of Notification    4 NOVEMBER 2003                         



                       SCHEDULE 11

     NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED 
                        PERSONS


1)  NAME OF COMPANY

    FUSION OIL & GAS PLC

2)  NAME OF DIRECTOR

    JONATHAN TAYLOR

3)  Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
    non-beneficial interest or in the case of an individual holder
    if it is a holding of that person's spouse or children under the
    age of 18 or in respect of an non-beneficial interest

     BENEFICIAL

4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them. (If notified)

     JONATHAN TAYLOR                               100
     JONATHAN TAYLOR & SUZANNE TAYLOR        1,550,000
     RONECH EXPLORATION LIMITED              1,000,000

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

    N/A

6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

     CONVERSION INTO ORDINARY SHARES IN FUSION OIL & GAS PLC ON
     PAYING UP UNPAID BALANCE ON PARTLY PAID SHARES IN FUSION OIL
     & GAS NL

7)  Number of shares/amount of
    stock acquired

     1,050,000

8)  Percentage of issued Class

     1.0%

9)  Number of shares/amount
    of stock disposed



10) Percentage of issued Class



11) Class of security

    ORDINARY

12) Price per share

     AUS $0.199

13) Date of transaction

     4/11/03

14) Date company informed

     4/11/03

15) Total holding following this notification

     2,550,100

16) Total percentage holding of issued class following this notification

     2.5%

     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant



18) Period during which or date on which exercisable



19) Total amount paid (if any) for grant of the option

      NIL

20) Description of shares or debentures involved: class, number.



21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise



22) Total number of shares or debentures over which options held
    following this notification



23) Any additional information



24) Name of contact and telephone number for queries

    R.G. GODSON  0207 496 5916

25) Name and signature of authorised company official responsible for
    making this notification

    Date of Notification       4 NOVEMBER 2003                           



                       SCHEDULE 11

     NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED 
                        PERSONS


1)  NAME OF COMPANY

    FUSION OIL & GAS PLC

2)  NAME OF DIRECTOR

    DR RICHARD STABBINS

3)  Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
    non-beneficial interest or in the case of an individual holder
    if it is a holding of that person's spouse or children under the
    age of 18 or in respect of an non-beneficial interest

     BENEFICIAL

4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them. (If notified)

     MONTROSE INDUSTRIES LIMITED               530,000
     PANTHER ENERGY LIMITED                  2,225,000

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

      N/A

6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

     CONVERSION INTO ORDINARY SHARES IN FUSION OIL & GAS PLC ON
     PAYING UP UNPAID BALANCE ON PARTLY PAID SHARES IN FUSION OIL 
     & GAS NL

7)  Number of shares/amount of
    stock acquired

     500,000

8)  Percentage of issued Class

     .5%

9)  Number of shares/amount
    of stock disposed



10) Percentage of issued Class



11) Class of security

     ORDINARY

12) Price per share

     AUS $0.199

13) Date of transaction

     04/11/03

14) Date company informed

     04/11/03

15) Total holding following this notification

     2,755,000

16) Total percentage holding of issued class following this notification

     2.7%

     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant



18) Period during which or date on which exercisable



19) Total amount paid (if any) for grant of the option



20) Description of shares or debentures involved: class, number.



21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise



22) Total number of shares or debentures over which options held
    following this notification



23) Any additional information



24) Name of contact and telephone number for queries

     R.G. GODSON   020 77495 5916

25) Name and signature of authorised company official responsible for
    making this notification

    Date of Notification     4 NOVEMBER 2003                        




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