Annual Report and Accounts

Island Oil and Gas PLC
11 January 2008


11 January 2008


                              Island Oil & Gas plc

                        Annual Report and Accounts 2007

Island Oil & Gas plc (LSE:IOG) announces that the Annual Report and Accounts 
for the year ended 31 July 2007 has been posted to Shareholders. A Notice of the
Annual General Meeting ('AGM') was included within the report.

Copies of the Annual Report and Accounts and the Notice of AGM will be 
available, free of charge, from the Company's registered office at: 27 
Lower Mount Street, Dublin 2 and from the Company's website at 
http://www.islandoilandgas.com.


Enquiries:

Cliona Deegan
Island Oil & Gas plc

Tel: [phone]

Ends.






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