Petroceltic's Exec Buys 1 Million Shares

Petroceltic was notified on November 2, 2007 that on that day Brian O'Cathain, Executive Chairman, purchased 1,000,000 ordinary shares of EURO 0.0125 each in the share capital of the Company ('Ordinary Shares') at a price of 8.5p per Ordinary Share. Following this purchase, Brian now holds 1,170,000 Ordinary Shares representing approximately 0.16% of the issued share capital of the company.