Appointment

Fusion Oil & Gas PLC
4 May 2001



                             Fusion Oil & Gas plc

                         ('Fusion' or 'the Company')

                            Appointment of Broker

The Company announces today that is has appointed Investec Henderson
Crosthwaite as Nominated Advisor and Broker with immediate effect.

Old Mutual Securities will continue to act as joint Broker to the Company.

                                                                    4 May 2001

 For further details please contact:

Fusion Oil & Gas plc                 Tel      [phone]
Level 2 Scott House                  Fax     [phone]
46 Kings Park Rd                     e-mail [e-mail]
West Perth 6005
Western Australia
Alan Stein                           Managing Director
Jonathan Taylor                      Exploration Director

Fusion Oil & Gas plc                 Tel     [phone]
8 Old Lodge Place                    Fax     [phone]
St. Margarets                        e -mail [e-mail]
Twickenham
Middlesex
TW1 1RQ
United Kingdom
Peter Dolan                          Chairman

Investec Henderson Crosthwaite       Tel.     [phone]
2 Gresham St                         Fax.     [phone]
London EC2V 7QP                      e-mail [e-mail]
Andrew Edwards