RNS Number:8620N
Dragon Oil PLC
23 July 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS



1. Name of company


Dragon Oil Plc




2. Name of director


Mr. Hussain M. Sultan




3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest


As in 2




4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)





5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)







6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary


Exercise of Options



7. Number of shares / amount of stock acquired


3,000,000




8. Percentage of issued class


0.8%



9. Number of shares/amount of stock disposed











10. Percentage of issued class







11. Class of security


Ordinary Shares of Euro.10 each




12. Price per share
STG 11.5 pence




13. Date of transaction


23 July 2003





14. Date company informed


23 July 2003




15. Total holding following this notification


3,829,785




16. Total percentage holding of issued class following this notification



1%




If a director has been granted options by the company please complete the
following boxes.



17. Date of grant







18. Period during which or date on which exercisable







19. Total amount paid (if any) for grant of the option







20. Description of shares or debentures involved: class, number











21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise







22. Total number of shares or debentures over which options held following this
notification







23. Any additional information







24. Name of contact and telephone number for queries


Dean Stelfox

+971 4 3134131



25. Name and signature of authorised company official responsible for making
this notification


Dean Stelfox

For and behalf of Dragon Oil Plc





Date of Notification


23 July 2003






This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.






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

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