Holding(s) in Company

Alkane Energy PLC
25 May 2007


Alkane Energy Plc



25 May 2007



TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):



Alkane Energy Plc



2. Reason for the notification (please state Yes/No):



An acquisition or disposal of voting rights: Yes



An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: No



An event changing the breakdown of voting rights: No



Other (please specify): No



3. Full name of person(s) subject to the notification obligation (iii):



Gartmore Investment Limited



4. Full name of shareholder(s) (if different from 3.) (iv):



Gartmore Fund Managers Ltd A/C

Gartmore UK & Irish Smaller Companies



Gartmore Smaller Companies Trust Plc



Gartmore Growth Opportunities Plc



The Alphagen Volantis Fund Ltd



Strathclyde Pension Fund



5. Date of the transaction (and date on which the threshold is crossed or
reached if different) (v):



23 May 2007



6. Date on which issuer notified:



24 May 2007



7. Threshold(s) that is/are crossed or reached:



15%



8. Notified details:


A: Voting rights attached to shares


Class/type of     Situation previous to   Resulting situation after the triggering transaction vii
shares            the triggering          Number of    Number of voting       % voting rights
                  transaction vi          shares       rights
If possible using Number of   Number of   Direct       Direct x   Indirect xi Direct   Indirect
the ISIN code     shares      voting
                              rights viii
Ordinary Shares   11,834,997  11,834,997  14,699,997   0          14,699,997  -        15,991%

GB0003286613


B: Financial Instruments
Resulting situation after the triggering transaction xii


Type of         Expiration    Exercise/Conversion      Number of voting rights   % voting rights
financial       date xiii     Period/Date xiv          that may be acquired if
                                                       this instrument is
instrument                                             exercised/converted
-               -             -                        -                         -


Total (A+B)
Number of voting rights                         % of voting rights
14,699,997                                      15.991



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):



N/A



Proxy Voting:



10. Name of the proxy holder:



N/A



11. Number of voting rights proxy holder will cease to hold:



N/A





12. Date on which proxy holder will cease to hold voting rights:



N/A



13. Additional information:



All shares are held indirectly.



All figures are based on the companies issued share capital of 91,926,924 as
provided by Exshare



E mail contact [e-mail]



14. Contact name:



Alison Averono



15. Contact telephone number:



0207 782 2324




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