Director Shareholding

Fusion Oil & Gas PLC
7 August 2001


                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

    FUSION OIL & GAS PLC

2)  NAME OF DIRECTOR

    JONATHAN TAYLOR

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)

    JONATHAN TAYLOR

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

    GRANT OF OPTION

7)  Number of shares/amount of
    stock acquired



8)   (N/A %)
    of issued Class



9)  Number of shares/amount
    of stock disposed



10)  (N/A %)
    of issued Class



11) Class of security



12) Price per share



13) Date of transaction



14) Date company informed



15) Total holding following this notification



16) Total percentage holding of issued class following this notification



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

17) Date of grant

    29 JUNE 2001

18) Period during which or date on which exercisable

    29 JUNE 2004 TO 28 JUNE 2011

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

    NIL

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

    ORDINARY SHARES OF 1 PENNY EACH

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

    76 PENCE

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

    697,840 AFTER THIS GRANT OF 142,612

23) Any additional information



24) Name of contact and telephone number for queries

    R.G. GODSON       0207 495 5916

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

    Date of Notification     7 AUGUST 2001                            


                        DEALINGS BY DIRECTORS


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

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

    GRANT OF OPTION

7)  Number of shares/amount of
    stock acquired



8)   (N/A %)
    of issued Class



9)  Number of shares/amount
    of stock disposed



10)  (N/A %)
    of issued Class



11) Class of security



12) Price per share



13) Date of transaction



14) Date company informed



15) Total holding following this notification



16) Total percentage holding of issued class following this notification



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

17) Date of grant

    28 JUNE 2001

18) Period during which or date on which exercisable

    29 JUNE 2004 TO 28 JUNE 2011

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

    NIL

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

    ORDINARY SHARES OF 1 PENNY EACH

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

    76 PENCE

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

    612,477 AFTER THIS GRANT OF 87,165

23) Any additional information


24) Name of contact and telephone number for queries

    R.G. GODSON       0207 495 5916

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

    Date of Notification     7 AUGUST 2001                            




                       DEALINGS BY DIRECTORS


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)

    ALAN STEIN

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

    GRANT OF OPTION

7)  Number of shares/amount of
    stock acquired



8)   (N/A %)
    of issued Class



9)  Number of shares/amount
    of stock disposed



10)  (N/A %)
    of issued Class



11) Class of security



12) Price per share



13) Date of transaction



14) Date company informed



15) Total holding following this notification



16) Total percentage holding of issued class following this notification



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

17) Date of grant

    29 JUNE 2001

18) Period during which or date on which exercisable

    29 JUNE 2004 TO 28 JUNE 2011

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

    NIL

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

    ORDINARY SHARES OF 1 PENNY EACH

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

    76 PENCE

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

     744,362 AFTER THIS GRANT OF 152,120

23) Any additional information



24) Name of contact and telephone number for queries

    R.G. GODSON       0207 495 5916

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

    Date of Notification     7 AUGUST 2001