Sterling's Unsolicited Offer

Fusion Oil & Gas PLC
25 September 2003

                             Fusion Oil & Gas plc

                          ('Fusion' or 'the Company')

              Unsolicited offer from Sterling Energy plc ('Sterling')



Fusion Oil & Gas plc, has noted the announcement this morning by Evolution
Beeson Gregory Limited on behalf of Sterling of its intention to make an
unsolicited offer for the whole issued and to be issued ordinary share capital
of Fusion.



The offer follows a recent approach from Sterling, which the Board of Fusion
rejected on the grounds that it significantly undervalued the Company.



The Board of Fusion is meeting with its advisers, Canaccord Capital (Europe),
this morning to consider its response to the offer and will be issuing a
statement following that meeting.



In the meantime shareholders are advised to take no action in respect of this
unsolicited offer.



25 September 2003



Enquiries


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




                      This information is provided by RNS
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