Drilling Report

Fusion Oil & Gas PLC
08 October 2002



                                 Fusion Oil & Gas plc

                             ('Fusion' or 'the Company')

                           Routine Drilling Progress Report

Woodside Mauritania Pty Ltd., Operator of the Mauritania PSC B Joint Venture,
reports that on 8 October the Chinguetti-4-4 appraisal well was at a depth of
2929 metres.

Since the last report, the 121/4 inch hole was drilled to the core point and 3
cores were cut. Following coring operations, the 121/4 inch hole was drilled to
a depth of 2929 metres.

Current operation is drilling ahead to planned Total Depth.

All reported depths (except water depth) are referenced to the rig rotary table.

Fusion has a 6% interest in PSC B which covers deepwater Block 4.

For further details please refer to the company's web page www.fusionoil.com.au
or contact:


                                                                  8 October 2002

Fusion Oil & Gas plc

Jonathan Taylor, Exploration Director                 Tel:   [phone]

Australia                                             Fax:   [phone]

                                                      e-mail:  [e-mail]


Peter Dolan, Chairman                                 Tel:    [phone]

England                                               Fax:   [phone]

                                                      e-mail:  [e-mail]


College Hill Associates

Peter Rigby                                           Tel:   [phone]

James Henderson                                       Fax:   [phone]

                                                      e-mail:  [e-mail]


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