Director Shareholding

Alkane Energy PLC
13 January 2005


ALKANE ENERGY PLC

DIRECTOR SHAREHOLDING

                                                                 13 January 2005
                                                           For immediate release

Alkane Energy plc ('Alkane' or 'the Company') was today notified that Lady
Fraser, the wife of Lord Fraser of Carmyllie QC, a director of the Company, has
today purchased 20,000 ordinary shares at a price of 12.18p per share. The
shares are registered in the name of Barclays Stockbrokers Limited.

Lady Fraser has a total holding following this purchase of 70,000 ordinary
shares, representing 0.08% of the issued share capital. Lord Fraser's direct
holding of ordinary shares in Alkane is zero.

                                    - ENDS -

For further information:

Alkane Energy plc

Steve Goalby, Finance Director 01623 827927

Buchanan Communications

Eric Burns 01943 883990




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