Additional Listing

Fusion Oil & Gas PLC
2 May 2002

2 May 2002



Fusion Oil & Gas plc ('Fusion')

Announcement relating to 468,652 partly paid shares in Fusion Oil & Gas NL
('FOG') now to be paid up and converted into ordinary shares in Fusion.

Application to the Alternative Investment Market of the London Stock Exchange
('AIM') for the admission of these additional ordinary shares.

The Directors of Fusion have received notice that five holders of partly paid
shareholders in FOG have now paid up the balance due to the Company in respect
of 468,652 partly paid shares in FOG. Fusion is now obliged, as described in the
Admission Document dated 22 September 2000, to acquire the partly paid shares
and to issue, as consideration, fully paid ordinary shares in Fusion.

Application has been made to AIM for the listing of the additional ordinary
shares expected on 8 May 2002.

Enquiries:

Fusion Oil & Gas plc                020 8891 3252

Dr Peter Dolan, Chairman

College Hill Associates             020 7457 2020

James Henderson

Peter Brookes





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