Shareholding

Gold Oil PLC
15 November 2006

FOR IMMEDIATE RELEASE                                           15 November 2006

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

The Company were informed on 15 November 2006 of the following:

that at 14 November 2006, Credit Agricole Cheuvreux International Limited
('Credit Agricole') has an interest in 15,490,500 of the Company's voting
shares, representing 3.71% of the Company's issued share capital.

Contact: Michael Burchell, Chairman on 01372 361772




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