Significant Shareholding

For Immediate Release
                                                       7 August 2008



             GOLD OIL PLC ("Gold Oil" or the "Company")

                      Significant Shareholding

The  Company  was  informed  on  5  August  2008  that  following  an
acquisition of ordinary shares in Gold  Oil on 1 August 2008,  Credit
Agricole Cheuvreux International Ltd has an interest in 21,713,938 of
the Company's  shares, representing  4.49%  of the  Company's  issued
share capital.


ENDS


Contact:

Michael Burchell, Chairman               Tel: [phone]
Roland Cornish, Beaumont Cornish Limited Tel: [phone]

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