Operational Update: Rosa Blanca, Colombia

9 December 2008

                       Gold Oil Plc (AIM: GOO)
                    ("Gold Oil" or the "Company")

Gold Oil is pleased to announce that on 6 December 2008 the first
exploration well on the Rosa Blanca Concession in the prolific Middle
Magdalena Valley in Colombia was spudded. The spud date was delayed a
few days due to severe rain in the area. Gold is joined in the Rosa
Blanca concession by Osage Exploration and Development, Incorporated
of the US (Osage), Lewis Energy Colombia and EMPESA, SA, both
Colombia.

Lewis Energy Colombia's number 3 rig was mobilized from San Antonio
Texas to drill the Rosa Blanca-1 well. Gold expects to reach total
depth of around 3,800 feet before the end of December, with testing
to follow.  Gold Oil's 40% working interest is carried through the
well and 30 days of testing.

Gold brought Osage into the group as Osage had access to technical
data that Gold did not have. This has proved extremely useful as the
target prospect is now mapped some 10 times bigger than ever
envisaged by Gold and there are an additional three prospects of
similar size on the Concession.

Gary Moore, Chief Executive Officer of Gold Oil, said, "This well  is
the culmination of a project that was started over two years ago, and
has taken a  great deal of  time and  effort by the  Company and  its
partners to get to this stage."

Greg Franklin,  VP  Exploration  of  Osage,  said,  "In  addition  to
acquiring a fantastic project, we have been able to bring together  a
very strong team  anchored by  our operator,  Lewis Energy  Colombia.
Every  partner  in   the  Joint  Venture   has  made  a   significant
contribution in bringing this project from concept to reality.".

The technical  information contained  in this  announcement has  been
reviewed and approved by the Chairman of the board, Michael Burchell,
B.Sc., 68, member of the SPE and with over 46 years experience in the
oil and gas business.

For further information on the Company, visit: www.goldoilplc.com  or
contact:


Michael Burchell  Chairman                 Tel: [phone]
Roland Cornish    Beaumont Cornish Limited Tel: [phone]
Daniel Fox Davies Fox Davies Capital       Tel  [phone]
Jonathan Charles  Conduit PR               Tel: [phone]



Notes to Editors

Gold Oil  is an  AIM-listed oil  and gas  exploration and  production
company primarily focused on opportunities in Latin America.  It  has
oil production in  Colombia and significant  exploration acreage  and
licences both onshore and offshore in Colombia and Peru.

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