Stmnt re:Westmount Resources

Fusion Oil & Gas PLC
19 September 2003




                          Fusion Oil & Gas plc

               ('Fusion' or 'the Company' or 'the Group')


        Statement re: Westmount Resources Limited ('Westmount')



The Board of Fusion notes today's statement by Sterling Energy plc ('Sterling')
that it has acquired Westmount's 20.4% stake in Fusion.



The announcement follows Sterling's announcement on 12 September 2003 that it
had made an approach to the Board of Fusion that may or may not lead to an offer
from Sterling.  The Board of Fusion rejected this all-share approach on the
grounds that it significantly undervalued the Company.



The Board of Fusion is disappointed by Westmount's decision to sell its stake in
Fusion, at a time when the Fusion Board believes the company is in a position
that is stronger than at any time since its IPO almost 3 years ago.



Fusion has exposure to participation in at least 6 and possibly more than 15
wells over the next two years, the first of which, Chinguetti-4-5, spudded on 4
September 2003. Initial results from this appraisal/early development well in
Mauritania have confirmed the pre-drilling expectations for the well in terms of
thickness, quality and hydrocarbon content of the reservoir - with the oil
bearing reservoir sands appearing to be of good to excellent quality.  An
extended production test of this well will now be undertaken and following
completion of testing it is anticipated that the well will be suspended pending
commissioning of the Chinguetti Field production facilities during 2005.



With the majority of the wells in Fusion's exploration programme being free
carried for the Company, Fusion will have gearing to all future success in
Mauritania at no cost, exposure to several high impact exploration wells
elsewhere, an active new ventures programme and sufficient working capital for
18 to 24 months.



Fusion is not currently aware of Sterling Energy's intentions and has received
no further approach to date.  The Board therefore recommends that shareholders
take no action in anticipation of any possible offer that might be forthcoming
for the entire share capital of the Company.



Given the stage of the Company's development, the Board of Directors is
increasingly resolved to focus on extracting the value that has been established
in Fusion's assets, for the benefit of all Shareholders.



19 September 2003







Enquiries
Fusion Oil & Gas plc
Peter Dolan, Chairman                    Tel:       [phone]
                                         Email:   [e-mail]

College Hill Associates                  Tel:       [phone]
                                         Fax:      [phone]
James Henderson                          Email:   [e-mail]
Phil Wilson-Brown                        Email: [e-mail]

Canaccord Capital (Europe)
Toby Hayward                             Tel:     [phone]
                                         Email: [e-mail]





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