Alliance Resources - Directors Shareholding, etc

RNS No 2395q
ALLIANCE RESOURCES PLC
18th February 1998


Schedule 11 - Notification of interests of Directors and Connected Persons

1   Name of company:
Alliance Resources PLC

2   Name of director:
John Martinson

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:
As in 2

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

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

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 warrants to subscribe for Ordinary Shares at 40p each

7   Number of shares/amount of stock acquired:
56,805 shares

8   Percentage of issued class:
0.2%

9   Number of shares/amount of stock disposed:
-

10  Percentage of issued class:
-

11  Class of security:
Ordinary Shares of 40p each

12  Price per share:
54p

13  Date of transaction:
18th February 1998

14  Date company informed:
18th February 1998

15  Total holding following this notification:
228,767 Shares

16  Total percentage holding of issued class following this notification:
0.7%

If a director has been granted options by the company, please complete the
following fields:

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  Contact name for queries:
Brian Williams or John Coyle

24  Contact telephone number:
0171 930 9337 or 0171 253 3300

25  Name of company official responsible for making notification:


Additional Information:
                            ALLIANCE RESOURCES PLC                            
                                                                              
                                PRESS RELEASE                                 

                   Issue of 56,805 Ordinary Shares for cash  

Alliance Resources PLC ("Alliance") announces that it has today issued 56,805
ordinary shares of 40p. each to Wood Roberts, Inc. ("Wood Roberts") consequent
upon Wood Roberts having exercised on 28 January 1998, 56,805 of the 343,924
Series "D" warrants issued to it on 1 May 1997 as part of the consideration
for the acquisition of LaTex Resources, Inc. The warrants entitle the holder
to subscribe for ordinary shares of 40p. each of Alliance at anytime prior to
31 March 2001 at a price to the sterling equivalent of US$0.87.  The
subscription price paid by Wood Roberts for the 56,805 ordinary shares was
#30,675.

Wood Roberts, Inc. is jointly owned by John Martinson, a non executive
director of Alliance, and his wife and this subscription increases his and his
family's interest to 185,776 ordinary shares of Alliance (representing 0.6% of
the total issued share capital).  In addition, John Martinson is now
interested in 593,211 warrants to subscribe for alliance ordinary shares.

The new ordinary shares are identical in all respects to the existing ordinary
shares of Alliance and application will be made for the new ordinary shares to
be admitted to the Official List of the London Stock exchange.

FOR FURTHER INFORMATION CONTACT:

Brian Williams, Finance Director
Alliance Resources PLC
Tel: 0171 930 9337

John Coyle
Basham & coyle
Tel: 0171 253 3300


END

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