Shareholding

Gold Oil PLC
24 October 2006










FOR IMMEDIATE RELEASE                                         24 October 2006



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

                                  Shareholding


The Company were informed on 23 October 2006 of the following:


that at 20 October 2006, Credit Agricole Cheuvreux International Limited
('Credit Agricole') has an interest in 15,100,500 ordinary shares of Gold Oil,
representing 4.02% of the issued share capital.






Contact: Michael Burchell, Chairman on 01372 361772









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