Shareholding

Gold Oil PLC
30 October 2006










FOR IMMEDIATE RELEASE                                        30 October 2006



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

                                 Shareholding


The Company were informed on 27 October 2006 of the following:


that at 25 October 2006, Credit Agricole Cheuvreux International Limited
('Credit Agricole') has an interest in 18,820,500 ordinary shares of Gold Oil,
representing 5.01% of the issued share capital.









Contact: Michael Burchell, Chairman on 01372 361772









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