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Edinburgh Oil & Gas (~206)

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Monday 01 December, 2003

Edinburgh Oil & Gas

Disposal

Edinburgh Oil & Gas PLC
01 December 2003


News Release                                                     1 December 2003


                          Sale of Onshore Gas Interests


Edinburgh Oil & Gas plc announces that it has sold its 40 per cent interest in
the Ryedale gasfields in North Yorkshire (UK onshore licences PL077, PL079,
PL080, PL081, AL006 and DL005) to Viking Petroleum UK Limited for a cash
consideration of approximately £3.15 million.

Mr Alf Bissett, Managing Director of Edinburgh Oil & Gas plc said:

'The sale is in line with our policy of divestment of our UK onshore assets to
concentrate on our Buzzard development and exploration interests in the UK
offshore sector.'

                                    - End -

For further information please contact:
Alf Bissett, Managing Director
Edinburgh Oil & Gas plc                                    0131 225 5454
Roland Cross, Director
Broadgate                                                  020 7726 6111



                      This information is provided by RNS
            The company news service from the London Stock Exchange
                                                                                                                                                                

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