RNS Number:6352R
Fusion Oil & Gas PLC
04 November 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 exploration drilling
activities in Mauritania:



Mauritania PSC-B, Chinguetti-4-6 (Tiof) Exploration Well



"Woodside Mauritania Pty Ltd, Operator of the Mauritania Area B Joint Venture,
reports that the Chinguetti-4-6 (Tiof) exploration well, in Block 4 offshore
Mauritania, was spudded on 28 October 2003.



Subsequently, an 18 inch hole was drilled to 1933 metres, the 133/8 inch casing
was run and cemented and the blowout preventers were installed.  At 0000 hours
on 4 November, a 121/4 inch hole had been drilled to 2237 metres.



The drill ship "West Navigator" is drilling the well.  The location is
approximately 90 kilometres west of Nouakchott, the capital of Mauritania.
Water depth at the location is 1078 metres.  Planned total depth is
approximately 2900 metres.



All reported depths (except water depth) are referenced to the rig rotary table
and all reported times are UTC (also known as GMT).



Following guidance from the Mauritanian Government, all wells in Mauritania
follow the naming convention "Chinguetti-Block number-Well number".  The
Chinguetti-4-6 (Tiof) well is being drilled on the independent Tiof Prospect, 25
kilometres to the North of the Chinguetti Field."



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 attributable to Fusion's current
interests from PSC A and PSC B.



                                                       Tuesday 4th November 2003




Enquiries
Fusion Oil & Gas plc
Alan Stein, Managing Director       Tel:   +61 8 9226 3011
                                    Fax:   +61 8 9226 3022
                                    Email:   astein@fusionoil.com.au
Peter Dolan, Chairman               Tel:    020 8891 3252
                                    Fax:    020 8891 1555
                                    Email:  pdolan@fusionoil.co.uk

College Hill Associates             Tel:    020 7457 2020
                                    Fax:    020 7248 3295
James Henderson                     Email:  james.henderson@collegehill.com
Phil Wilson-Brown                   Email: phil.wilson-brown@collegehill.com






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