Director S/hldg / Hldg in Co

Fusion Oil & Gas PLC
8 December 2003

FUSION OIL & GAS PLC ('Fusion')

326,417 partly paid shares in Fusion Oil & Gas NL ('FOG') 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

Change in directors interests

Change in notifiable interest

The Directors of Fusion have received notice that FIL Resources Limited a holder
of partly paid shares in FOG is paying up the balances of AUS$64,957
(approximately £26,000) due in respect of 326,417 partly paid shares in FOG.
Fusion is now obliged, as described in the Admission Document dated 22 September
2000, to acquire the shares and to issue, as consideration, fully paid ordinary
shares in Fusion.

Application is being made to AIM for the listing of the additional ordinary
shares expected on 12 December. The new ordinary shares will rank pari passu
with the existing ordinary shares in issue.


Notice has also been received that, as a result of the above transaction, Dr
Dolan, the chairman of Fusion, now holds a beneficial interest in 11,341,241
ordinary shares in Fusion representing 11.1% of the current issued share capital
and Dr Stein, the managing director of Fusion, holds a beneficial interest in
11,215,692 ordinary shares in Fusion representing 10.9% of the current issued
share capital.  FIL Resources Limited also now holds a notifiable beneficial
interest in 10,315,592 ordinary shares in Fusion representing 10.1% of the
current issues share capital.

Enquiries:

Fusion Oil & Gas plc - Tel [phone] 

Dr Peter Dolan Chairman



                       SCHEDULE 11

     NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED 
                        PERSONS

1)  NAME OF COMPANY

    FUSION OIL & GAS PLC


2)  NAME OF DIRECTOR

    DR PETER DOLAN


3)  Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
    non-beneficial interest or in the case of an individual holder
    if it is a holding of that person's spouse or children under the
    age of 18 or in respect of an non-beneficial interest

    BENEFICIAL


4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them. (If notified)

     
    PETER DOLAN                              1,025,649
    FIL RESOURCES LIMITED                   10,315,592

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

    N/A


6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

    CONVERSION INTO ORDINARY SHARES IN FUSION OIL & GAS PLC ON PAYING UP UNPAID
    BALANCE ON PARTLY PAID SHARES IN FUSION OIL & GAS NL


7)  Number of shares/amount of
    stock acquired

    326417


8)  Percentage of issued Class

    0.3%


9)  Number of shares/amount
    of stock disposed



10) Percentage of issued Class



11) Class of security

    ORDINARY


12) Price per share

    AUS$0.199


13) Date of transaction

    8 December 2003


14) Date company informed

    8 December 2003

15) Total holding following this notification

    11,341,241


16) Total percentage holding of issued class following this notification

    11.1%


     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant



18) Period during which or date on which exercisable



19) Total amount paid (if any) for grant of the option



20) Description of shares or debentures involved: class, number.



21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise



22) Total number of shares or debentures over which options held
    following this notification



23) Any additional information



24) Name of contact and telephone number for queries

    R G GODSON
    020 7495 5916


25) Name and signature of authorised company official responsible for
    making this notification


    Date of Notification      8 DECEMBER 2003






                       SCHEDULE 11

     NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED 
                        PERSONS

1)  NAME OF COMPANY

    FUSION OIL & GAS PLC


2)  NAME OF DIRECTOR

    DR ALAN STEIN


3)  Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
    non-beneficial interest or in the case of an individual holder
    if it is a holding of that person's spouse or children under the
    age of 18 or in respect of an non-beneficial interest

    BENEFICIAL


4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them. (If notified)

    FIL RESOURCES LIMITED                     10,315,592
    ALAN MCKELLAR STEIN                          900,100

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

    N/A


6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

    CONVERSION INTO ORDINARY SHARES IN FUSION OIL & GAS PLC ON PAYING UP UNPAID
    BALANCE ON PARTLY PAID SHARES IN FUSION OIL & GAS NL


7)  Number of shares/amount of
    stock acquired

    326417


8)  Percentage of issued Class

    0.3%


9)  Number of shares/amount
    of stock disposed



10) Percentage of issued Class



11) Class of security

    ORDINARY


12) Price per share

    AUS$0.199


13) Date of transaction

    8 December 2003


14) Date company informed

    8 December 2003

15) Total holding following this notification

    11,215,692


16) Total percentage holding of issued class following this notification

    10.9%


     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant



18) Period during which or date on which exercisable



19) Total amount paid (if any) for grant of the option



20) Description of shares or debentures involved: class, number.



21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise



22) Total number of shares or debentures over which options held
    following this notification



23) Any additional information



24) Name of contact and telephone number for queries

    R G GODSON
    020 7495 5916


25) Name and signature of authorised company official responsible for
    making this notification


    Date of Notification      8 DECEMBER 2003




                           SCHEDULE 10
 
             NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   NAME OF COMPANY

FUSION OIL & GAS PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

FIL RESOURCES LIMITED


3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

2 ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

FIL RESOURCES LIMITED


5)   Number of shares/amount of stock acquired.

326,417

6)   Percentage of issued Class

0.3%

7)   Number of shares/amount of stock disposed

N/A

8)   Percentage of issued Class

N/A

9)   Class of security

ORDINARY SHARES

10)  Date of transaction

8 DECEMBER 2003


11)  Date company informed


8 DECEMBER 2003


12)  Total holding following this notification

10,315,592
               
13)  Total percentage holding of issued class following this notification

10.1%

14)  Any additional information



15)  Name of contact and telephone number for queries

R.G. GODSON   020 7495 5916

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification ............  8 DECEMBER 2003 ............




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