09:25     SOUTH SEA PETRO<00076>-Announcement&Resumption of Trading(4)        

    in Hong Kong with limited liability and the securities of which are       
    listed on the Stock Exchange                                              
                                                                              
    "Board"  the board of directors of the Company                            
                                                                              
    "Group"  the Company and its subsidiaries                                 
                                                                              
    "Listing Rules"  Rules Governing the Listing of Securities on the Stock   
    Exchange                                                                  
                                                                              
    "Production Contract"  Production Sharing Contract entered into between   
    PT. Cahaya Batu Raja Blok and the Department of Petroleum (BPMIGAS) of    
    the Indonesian government for oil and natural gas exploration at Air      
    Korming Block in Southern Sumatra, Indonesia                              
                                                                              
    "Shareholder(s)"  holder(s) of the existing shares of the Company         
                                                                              
    "Stock Exchange"  the Stock Exchange of Hong Kong Limited                 
                                                                              
    By order of the Board                                                     
    South Sea Petroleum Holdings Limited                                      
    Lam Lee Yu                                                                
    Company Secretary                                                         
    Hong Kong, 13 April 2005                                                  
                                                                              
    As at the date of this announcement, the board of directors comprises     
    of Mr. Zhou Ling, Ms. Lee Sin Pyung and Ms. Sit Mei being executive       
    directors, Mr. Lu Ren Jie, Mr. Chai Woon Chew and Mr. Ho Choi Chiu        
    being independent non-executive directors.