1)    NAME OF COMPANY
      EMERALD ENERGY PLC

2)    NAME OF DIRECTOR
      EDWARD GRACE

3)    Please state whether notification indicates that it is in
respect of holding of the director named in 2 above or holding of
that person's spouse or children under the age of 18 or in respect of
a non-beneficial interest
      The notification is in respect of the above director

4)    Date of grant
27 August 2003 under the Emerald Energy PLC Discretionary Share
Option Scheme

5)    Period during which or date on which exercisable and
description of shares
15,000,000 ORDINARY 0.1P SHARES from the date of grant to 27 August
2008
15,000,000 ORDINARY 0.1P SHARES from 27 August 2004 to 27 August 2008

6)    Total amount paid (if any) for grant of the option
      NIL

7)    Exercise price (if fixed at time of grant) or indication that
grant is to be fixed at time of exercise
      0.5p

8)    Total number of shares or debentures over which options held
following this notification
30,000,000 ORDINARY 0.1P SHARES

9)    Any additional information
      N/A

10)   Name of contact and telephone number for queries
      Helen Manning  - 020 7925 2440

11)   Name and signature of authorised company official responsible
for making this notification
      Helen Manning



Date of notification
14 November 2003






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