San Alberto Update

For Immediate Release                     23rd August 2007

                        Gold Oil plc ("Gold")
           Update on 245 Km DNME survey in and around the
                 San Alberto 1 well, Northwest Peru



Further to  the  announcement of  9  May  2007, Gold  is  pleased  to
announce  that   the  Contractor,   "Siberian  Geophysical   Research
Developer Limited Liability Company" arrived in Piura on 17th August,
and  is  calibrating   its  equipment   and  will   start  the   DNME
(Differentially Normalized Method of Electro Investigation) survey on
or about the  23rd August.   It  will take  at least  two months  for
recording raw data and one month for processing and interpretation.

Simultaneously Gold's land based gravimetric survey team has been  in
Piura for  one week  and  calibrations are  complete and  the  survey
started on the 22nd August.

Results of these  two surveys and  past data will  be integrated  and
interpretation of these data should be ready at the end of November.
Planning for future wells can then start.

The technical  information contained  in this  announcement has  been
reviewed and approved by Mike Burchell, B.Sc., 67, member of the  SPE
and with over 45 years experience in the oil and gas business.

Enquiries:
Gary Moore, Managing Director Tel: [phone]
Email: [e-mail]

Mike Burchell, Chairman Tel.  [phone]
Email: [e-mail]

Roland Cornish, Beaumont Cornish Limited Tel: [phone]

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