7 December 2007

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

The Company was informed on 4 December 2007 that following an acquisition of ordinary shares in Gold Oil on 3 December 2007, MF Global UK Limited has an interest in 19,321,624 of the Company's shares, representing 4.03% of the Company's issued share capital.

ENDS

Contact:

Michael Burchell, Chairman on 01372 361772

Roland Cornish, Beaumont Cornish Limited on 020 7628 3396