Holding(s) in Company

Petrel Resources PLC
21 October 2005


                         Petrel Resources plc


Petrel Resources plc announces that it was informed on 21 October 2005 that
Gartmore Investment Limited, Gartmore Fund Managers Limited and Gartmore Global
Partners are together interested in the 2,000,000 ordinary shares at EURO.0125
in the Company, representing approximately 3 per cent. of the Company's issued
share capital.



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