Holding(s) in Company

Fusion Oil & Gas PLC
12 September 2003



                           SCHEDULE 10
 
             NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   NAME OF COMPANY

     FUSION OIL & GAS PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     ROYAL BANK OF CANADA GROUP

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

      SHAREHOLDER AND SUBSIDIARIES

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

      NOT DISCLOSED

5)   Number of shares/amount of stock acquired.

      N/A

6)   Percentage of issued Class
      
      N/A

7)   Number of shares/amount of stock disposed
      
      NOT DISCLOSED

8)   Percentage of issued Class
      
      NOT DISCLOSED

9)   Class of security
      
      ORDINARY SHARES


10)  Date of transaction

      NOT DISCLOSED

11)  Date company informed

      10 SEPTEMBER 2003

12)  Total holding following this notification

      2,897,901
               
13)  Total percentage holding of issued class following this notification

      2.95%

14)  Any additional information



15)  Name of contact and telephone number for queries

      R.G. GODSON  020 7495 5916

16)  Name and signature of authorised company official responsible for 
     making this notification    MR R G GODSON


     Date of Notification ....12 SEPTEMBER 2003........


FUSION OIL & GAS PLC ('FUSION')

Announcement of change in notifiable interests

Fusion was informed on 10 September 2003 that the Royal Bank of Canada Group had
reduced their shareholding in Fusion from 2,948,251 to 2,897,901 ordinary shares.
They therefore no longer hold a notifiable interest.



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