Operational Update

Fusion Oil & Gas PLC
28 October 2003

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

                              Operational update


The following statement relates to operational developments.



Woodside Mauritania Pty Ltd, Operator of the Mauritania Area B Joint Venture,
issued the following statement earlier today in regard to drilling activities on
the Chinguetti Field:



Mauritania PSC-B, Chinguetti-4-5 Appraisal/Early Development Well



'Woodside Mauritania Pty Ltd, Operator of the Mauritania Area B Joint Venture,
reports that at 0000 hours on 28 October 2003 extended production testing
operations were continuing on the Chinguetti-4-5 combined appraisal and early
development well.



Since the last report, the well has flowed at a maximum rate of 15,680 barrels
of oil (per day) plus 6.6 million standard cubic feet of gas per day constrained
by a 112/64 inch choke.  Currently the well is flowing at a stable rate of
approximately 11,500 barrels of oil per day in the main flow period constrained
by a 72/64 inch choke.



All reported times are UTC (also known as GMT).'

Participants in the Area B PSC are:


                        Woodside Mauritania Pty Ltd (Operator)  35.0% (Operator)
                        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.



                                                       Tuesday 28th October 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