Holding(s) in Company

Petrel Resources PLC
04 November 2005


                              Petrel Resources plc


Petrel Resources plc announces that it was informed on 3 November 2005 that
Gartmore Investment Limited, Gartmore Fund Managers Limited and Gartmore Global
Partners are now, following a recent purchase, together interested in the
4,687,060 ordinary shares in the Company, representing approximately 7.069 per
cent. of the Company's issued share capital.


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