Director Shareholding

Petrel Resources PLC
07 March 2005

Petrel Resources plc announces that at a board meeting of the Company held on 4
March 2005, the following directors were granted options at an exercise price of
43 pence per share:


Director                                            Options granted

David Horgan                                                150,000
John Teeling                                                100,000
James Finn                                                  100,000



All of the options are exercisable at any time before 4 March 2012.




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