Board Changes

Island Oil and Gas PLC
23 January 2006


23 January 2006

                  ISLAND OIL & GAS PLC ANNOUNCES BOARD CHANGES

Island Oil & Gas plc ('Island' or the 'Company'), the independent oil and gas
exploration and production company, today announces that it is expanding its
Board with the appointment of Howard Ronald Jones ('HR Terry Jones', 'Terry') 
as Finance Director with effect from 1 February 2006. With effect from the same
date, Acting Finance Director, Jack McKinney, who had agreed at the time of the
admission to AIM to act in the short-term as Finance Director, will replace
Philip Beck as Commercial Director whilst Philip will move to take up the role
of New Ventures Director. These changes will end the temporary arrangements put
in place on listing the Company in December 2004 and will result in the above
individuals being able to focus on those areas of the business to which their
expertise is most suited.

Terry (56) has spent the past 16 years evaluating, structuring, negotiating and
implementing mergers and acquisition and oil and gas transactions in the
engineering, construction and oil and gas sectors.  Prior to this, he gained
extensive financial and management experience in the same sectors.  Most
recently, Terry was Vice President Commercial at Ramco Energy plc ('Ramco').  
He was involved in all aspects of commercialising and developing a gas field
offshore Ireland, including negotiation of tie-in, construction and production
agreements, gas sales contracts, onshore gas transportation arrangements and
project financing facilities.

Prior to his time at Ramco, Terry worked for a short while as an independent
commercial consultant, spent three years as Cairn Energy's main commercial
negotiator, and 25 years at Halliburton/Brown & Root where he the position of
Finance Director in a number of subsidiaries and joint venture companies.  
Terry has gained extensive experience both of working in Ireland and 
internationally.

There are no details specified by Schedule 2 (g) of the AIM Rules to be
disclosed.

Commenting upon the new appointment, and the Board changes, Paul Griffiths,
Island's Chief Executive, said:

'I am delighted to welcome Terry to the Board of Island as Finance Director.
Terry brings with him a wealth of experience in the oil and gas industry and 
has specific experience of oil and gas exploration in Ireland.  We look forward
to working with him at this exciting time for the Company as we prepare to 
embark upon our 2006 three-well drilling programme offshore Ireland.


'I would also like to take this opportunity to thank Jack for  his hard work 
and commitment at the time of our admission to AIM and throughout the past year
in which he has contributed greatly to Island's successes. We are pleased that 
we will continue to benefit from his expertise in his new position as Commercial
Director. Phil Beck will also continue to provide valuable assistance in his 
new position as New Ventures Director. With his considerable international
experience and contacts, Phil is well positioned to add impetus to our search
for new areas and projects to expand our geographic spread outside of Ireland,
which is now one of our current ambitions. The Board changes implemented will
place us in a strong position going forward by making full use of the expertise
available to us, to ensure the continued development of the Company.'

Enquiries:

Lisa J Newman
Newman Consulting                              Tel: [phone]

Ends.



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