Wednesday 24th May 2006

Granby Oil and Gas plc

S.198 Notice of Interest in Shares

Granby Oil and Gas plc hereby announces that it was notified today of the
following Interest in Shares of the Company.

Beneficial Holder         Shareholding              Percentage of Issued     
                                                    Capital                  
                                                                             
UBS AG London Branch      945,000                   3.68%                    
                                                                             

Enquiries:

Granby Oil and Gas                                                          
                                                                            
   David Grassick, Managing Director     07785 921080                       
                                                                            
                                         david.grassick@granbyoil.com       
                                                                            
   Nigel Burton, Finance Director        07785 234447                       
                                                                            
                                         nigel.burton@granbyoil.com         
                                                                            
College Hill                                                                
                                                                            
   Ben Brewerton / Jim Joseph            020 7457 2020                      
                                                                            



END
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