Shareholding

Gold Oil PLC
22 September 2004






FOR IMMEDIATE RELEASE 22 September 2004

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

The Company were informed on 21 September 2004 that Bastion Assets International
has disposed of 6,550,000 Ordinary Shares in Gold Oil and no longer has a
notifiable interest in the issued share capital of the Company.





                      This information is provided by RNS
            The company news service from the London Stock Exchange