RNS Number:7703T
Dragon Oil PLC
31 December 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Name of company


Dragon Oil plc



2. Name of shareholder having a major interest


Emirates National Oil plc



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


Shareholder named in 2 above



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


Shareholder named in 2 above (All)



5. Number of shares / amount of stock acquired


None



6. Percentage of issued class


n/a



7. Number of shares / amount of stock disposed


None



8. Percentage of issued class


n/a



9. Class of security


Ordinary shares of EUR 0.10



10. Date of transaction


21-29 December 2003






11. Date company informed


30 December 2003



12. Total holding following this notification


241,413,649



13. Total percentage holding of issued class following this notification


60.088%



14. Any additional information


On 22 December 2003, a placing of 36,500,000 new shares was announced. The effect  of which placing has been to dilute
the holding of Emirates National Oil Co Ltd from between 66% and 67% to between 60% and 61%



15. Name of contact and telephone number for queries


Ian Philliskirk

Company Secretary

+ 971 4 313 4130



Hugh McCutcheon

Davy Corporate Finance Limited

+ 353 1 679 6363





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


Ian Philliskirk

Company Secretary



Date of notification


31 December 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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