Shareholding

Gold Oil PLC
18 May 2005





FOR IMMEDIATE RELEASE 18 May 2005

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

The Company was informed on 17 May 2005 that at the close of business on 13 May
2005 Cantor Fitzgerald Europe has an interest in and is the registered holder of
15,815,000 Ordinary Shares of 0.025p each ('Ordinary Shares'), representing a
total percentage holding of 4.85% of the Company's issued share capital.






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