Drilling report

Fusion Oil & Gas PLC
18 September 2003

                             Fusion Oil & Gas plc
                          ('Fusion' or 'the Company')


       Drilling Report - Chinguetti-4-5 Appraisal/Early Development Well



Roc Oil Company Limited a partner in the Mauritania PSC B Joint Venture has
today reported to the Australian Stock Exchange preliminary drilling results as
follows:



'Wireline logging, at a Total Depth of 2,605 metres, of the Chinguetti 4-5
appraisal/early development well has essentially confirmed the pre-drill
expectation for this well in terms of the thickness, quality and hydrocarbon
content of the reservoir.  As a result, the Joint Venture plans to conduct a
production test.



The reservoir sands appear to be of generally good to excellent quality with a
gross oil column in the order of at least 50 metres and a net to gross ratio in
excess of 50%.'



An official statement from Woodside Energy Limited as Operator of the PSC B
Joint Venture is anticipated on or before 23 September.



The Joint Venture is comprised of:




              Participant                                               Equity
      Woodside Mauritania Pty Ltd (Operator)                             35.0%
      AGIP Mauritania BV                                                 35.0%
      Hardman Resources Ltd                                              21.6%
      Fusion Mauritania B Limited                                         6.0%
      Roc Oil (Mauritania) Company                                        2.4%



As previously announced on 28 May 2003, the Company has entered into an
agreement with Premier Oil plc regarding the disposal of its interests in
Mauritania.  Subject to fulfilment of certain conditions, Fusion will receive
cash payments linked to all future production from PSC A and PSC B.

                                                               September 18 2003


Enquiries

Fusion Oil & Gas plc
Alan Stein, Managing Director          Tel:       [phone]
                                       Fax:      [phone]
                                       Email:   [e-mail]
Peter Dolan, Chairman                  Tel:      [phone]
                                       Fax:      [phone]
                                       Email:   [e-mail]

College Hill Associates                Tel:       [phone]
                                       Fax:      [phone]
James Henderson                        Email:   [e-mail]
Phil Wilson-Brown                      Email: [e-mail]




                      This information is provided by RNS
            The company news service from the London Stock Exchange