Operational Update

2/4/2009, 5:37 PM (Source: GlobeNewswire)
4th February 2009

Gold Oil Plc (AIM: GOO)
("Gold Oil" or the "Company")

Operational Update

The Company has commenced production operations on the Burdine-1 well
in the Putumayo Basin in the south of Colombia.

The Burdine-1 well produced over 2.3 million barrels before being
suspended for economic reasons in the 1990's. The welds on the valves
were removed and the well opened and pressures and flow rates
measured with some short term tests. Access to the well is
restricted at present so the tests were limited to the size of the
tanks able to be taken to the site. The well flowed 28o API gravity
crude under natural flow with a wellhead pressure drop of only 40 psi
and at a rate of 52 bopd .

The next step is to clear sufficient access to allow a wire line unit
in to examine the down-hole condition and install a pump for a series
of tests. Depending on the results of the tests a work over unit may
be brought in to re-perforate some zones and perforate bypassed zones
identified in our recent study of the well. The same procedure will
be applied to Burdine 4 and Burdine 5 wells over the coming weeks.

During the month of January the Nancy 1 well delivered an average
production rate of 234.6 bopd for the month when the well was brought
back into production on January the 7th.

Gary Moore, the Company's CEO said "I am very encouraged with the
initial tests under natural flow that indicate that a pump should get
production rates up significantly which will increase the Company's
cash flow this year."

The technical information contained in this announcement has been
reviewed and approved by Mike Burchell, B.Sc., member of the SPE and
with over 46 years experience in the oil and gas industry.

For further information on the Company, visit: www.goldoilplc.com or

Michael Burchell Chairman Tel: 01372 361 772
Roland Cornish Beaumont Cornish Limited Tel: 020 7628 3396
Daniel Fox Davies Fox Davies Capital Tel 020 7936 5230]

Notes to Editors

Gold Oil is an AIM-listed oil and gas exploration and production
company primarily focused on opportunities in Latin America. It has
oil production in Colombia and significant exploration acreage and
licences both onshore and offshore in Colombia and Peru.
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