Hldg in Co./Directors Sh/Hldg

Fusion Oil & Gas PLC
13 February 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

FUSION OIL & GAS PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

FRAMLINGTON INNOVATIVE GROWTH TRUST PLC

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

AS IN 2

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

HSBC GLOBAL CUSTODY NOMINEES (UK) LIMITED A/C 811366

5)   Number of shares/amount of stock acquired.

300,000

6)   ( 0.33% ) of issued Class

7)   Number of shares/amount of stock disposed

-

8)   ( - %) of issued Class

9)   Class of security

ORDINARY SHARES OF ONE PENCE EACH 

10)  Date of transaction

8.1.01

11)  Date company informed

9.1.01

12)  Total holding following this notification

2,800,000
               
              
13)  Total percentage holding of issued class following this notification

3.07%

14)  Any additional information

-

15)  Name of contact and telephone number for queries

DARREN SMITH
020 7002 4617

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

     Date of Notification ......  13 FEB 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

AS IN 2


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

AS IN 2

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

AS IN 2


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

OPTION GRANT

7)  Number of shares/amount of
    stock acquired

-

8)   (- %)
    of issued Class


9)  Number of shares/amount
    of stock disposed

-

10)  ( - %)
    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

19 DECEMBER 2000

18) Period during which or date on which exercisable

20.12.03 - 20.12.10

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

NIL

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

525,312 ORDINARY 1P SHARES

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

50P PER SHARE

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

525,312

23) Any additional information

-

24) Name of contact and telephone number for queries

DARREN SMITH
020 7002 4617



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

   Date of Notification      13 FEB 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

AS IN 2

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

AS IN 2

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

AS IN 2

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

AS IN 2

7)  Number of shares/amount of
    stock acquired

-

8)   (- %)
    of issued Class


9)  Number of shares/amount
    of stock disposed

-

10)  ( - %)
    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

19 DECEMBER 2000

18) Period during which or date on which exercisable

20.12.03 - 20.12.10

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

NIL

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

592,242 ORDINARY 1P SHARES

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

50P PER SHARE

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

592,242

23) Any additional information

-

24) Name of contact and telephone number for queries

DARREN SMITH
020 7002 4617

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



   Date of Notification      13 FEB 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

AS IN 2

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

AS IN 2

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

AS IN 2

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

OPTION GRANT

7)  Number of shares/amount of
    stock acquired



8)   (   %)
    of issued Class


9)  Number of shares/amount
    of stock disposed



10)  (   %)
    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

19 DECEMBER 2000

18) Period during which or date on which exercisable

20.12.03 - 20.12.10

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

NIL

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

555,228 ORDINARY 1P SHARES

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

50P PER SHARE

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

555,228

23) Any additional information

-

24) Name of contact and telephone number for queries

DARREN SMITH
020 7002 4617

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

   Date of Notification       13 FEB 2001