Buzzard DTI Approval

RNS Number:5742S
Edinburgh Oil & Gas PLC
27 November 2003


News Release                                               27 November 2003


                      Buzzard Field gets DTI go-ahead and
                      Edinburgh agrees new Credit Facility


The U.K. Department of Trade and Industry ("DTI") has today announced its
approval to the Field Development Plan for the Buzzard oil field in the UK North
Sea. Edinburgh Oil & Gas plc ("EOG") has a 5 per cent interest in the field.

EOG also announces that it has signed Heads of Agreement with The Bank of
Scotland for a US $105 million Corporate Revolving Credit Facility. The primary
purpose of the facility is to finance the Company's share of the Buzzard oil
field development costs.

The Buzzard field contains recoverable oil reserves in excess of 400 million
barrels and is believed to be the largest discovery in the North Sea for over
ten years. First production is anticipated by the end of 2006.

The Buzzard oil field is operated by EnCana (U.K.) Limited with a 43 per cent
interest. The other co-venturers are Intrepid Energy North Sea Limited, 30 per
cent and BG Group, 22 per cent.


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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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