Shareholdings

Gold Oil PLC
10 May 2005





FOR IMMEDIATE RELEASE                                               10 May 2005

                   GOLD OIL PLC ('Gold Oil' or the 'Company')
                                 Shareholdings

The Company was informed on 6 May 2005 that at the close of business on 29 April
2005 Cantor Fitzgerald Europe has an interest in and is the registered holder of
9,870,000 Ordinary Shares of 0.025p each ('Ordinary Shares'), representing a
total percentage holding of 3.02% of the Company's issued share capital.

In addition, the Company was informed on 10 May 2005 that at the close of
business on 9 May 2005 Man Financial Limited are the beneficial owner of
19,085,000 Ordinary Shares, representing a total percentage holding of 5.85% of
the Company's issued share capital.






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