Holding(s) in Company

Petrel Resources PLC
25 January 2006

                              Petrel Resources plc



Petrel Resources plc announces that it was informed on 24 January 2006 that
Gartmore Investment Limited, Gartmore Fund Managers Limited and Gartmore Global
Partners are now, following a recent purchase, together interested in the
5,601,760 ordinary shares in the Company, representing approximately 8.448 per
cent. of the Company's issued share capital.




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