1 August 2007

GOLD OIL PLC ('Gold Oil' or the 'Company') Significant Shareholding

The Company was informed on 26 July 2007 that at close of business on 24 July 2007, Credit Agricole Cheuvreux International Ltd has an interest in 19,279,700 ordinary shares of the Company's shares, representing 4.16% of the Company's issued share capital.

ENDS

Contact:

Michael Burchell, Chairman on 01372 361772

Roland Cornish, Beaumont Cornish Limited on 020 7628 3396