Colombia Operations Update

Gold Oil PLC
                            ("Gold" or "theCompany")

                           Colombia Operations Update
                         Burdine -5 Production Start Up


Gold  Oil,  the  AIM-listed  oil  and  gas  exploration  and  production company
primarily  focused on opportunities in Latin  America, is pleased to provide the
following update on its operations in Columbia.

Nancy, Burdine and Maxine fields, Putumayo Basin, onshore Colombia:

Gold  Oil plc holds a  58% working interest in the  Nancy, Burdine, Maxine block
and  is the operator.   The three well  workover programme in  the Burdine field
that  commenced in January 2011 is progressing in line with expectations and the
Burdine -5 well in the Putumayo Basin has now been brought on stream following a
successful workover operation.
The  workover programme for  the well was  completed in February  and since then
surface  facilities and artificial lift  pumping mechanisms have been installed,
ahead of original plans.
Initial  flow rates indicated  that the well  will produce at approximately 350
barrels  of fluid per day with a water cut of some 15%, giving an oil production
rate  of around 300 bopd.  This  compares with a rate  of some 100 bopd produced
during  a long term production test  in 2009.  Greater definition of sustainable
flow  rates will be  given once the  well has been  on production for a suitable
period  of  time  and  the  artificial  lift mechanism and production facilities
optimised.
The  production from Burdine -5  is in addition to  the current volumes produced
from  the Gold Oil  operated Nancy -1  well of approximately  300 bopd and hence
would effectively double Gold's total net production.
The  workover rig has  now moved to  Burdine -1 and  has commenced operations at
that location.
For further information, please contact:


Gold Oil PLC

John Bell - Chairman                           Tel: [phone]
Richard Mew - CEO                            Tel: [phone]
Seymour Pierce Ltd

Jonathan Wright/Stewart Dickson       Tel: [phone]
(Corporate Finance)

Notes to Editors

Gold Oil
Gold Oil PLC is an independent oil and natural gas exploration and exploitation
company focused on Central and Southern America. Shares in Gold are quoted on
the AIM market of the London Stock Exchange (AIM:GOO).
The Company is seeking to maintain a balanced portfolio of high-risk high reward
and low risk cash flow projects by establishing significant licence positions
concentrated in a few geographic areas. The Company currently has significant
acreage and is recognised as an operator for both onshore and offshore Peru, and
is an operator with exploration and production licences onshore Colombia.
The Company's objective is to deliver shareholder value through capital
appreciation.







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Source: Gold Oil PLC via Thomson Reuters ONE

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