Appointment of New Broker

Island Oil and Gas PLC
24 October 2006



24 October 2006



                ISLAND OIL & GAS PLC ('Island' or the 'Company')



          Appointment of Financial Adviser and Joint Corporate Broker



ISLAND OIL & GAS PLC is pleased to announce the appointment of Bridgewell as
Financial Adviser and joint corporate broker to the Company with immediate
effect. Davy Stockbrokers remains NOMAD and joint broker to the Company.



Enquiries:



Island Oil & Gas
Paul Griffiths                                                    [phone]
Cliona Deegan



Newman Consulting
Lisa J Newman                                                 [phone]




Bridgewell
Andrew Matharu                                              [phone]



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            The company news service from the London Stock Exchange