Significant Shareholding

For Immediate Release
16 January 2008



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

                      Significant Shareholding

The Company was informed on 16 January 2008 that following an
acquisition of ordinary shares in Gold Oil on 14 January 2008,
Credit Agricole Cheuvreux International Ltd has an interest in
19,403,903 of the Company's shares, representing 4.05% of the
Company's issued share capital.

ENDS


Contact:
Michael Burchell, Chairman on 01372 361 772
Roland Cornish, Beaumont Cornish Limited on 020 7628 3396

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