Holding(s) in Company

Petrel Resources PLC
30 April 2004

Petrel Resources announces that it was informed on 30 April 2004 by Gartmore
Investment Management plc that the interest in the Company's ordinary shares
held by Gartmore and its funds has reduced by 481,800 shares to 3,531,662
shares, representing approximately 6.1% of the issued share capital of the
Company.


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