Directorate Changes and Change of Adviser

3/6/2009, 4:09 PM (Source: GlobeNewswire)
Gold Oil plc

Directorate Changes and Change of Adviser

Gold Oil plc ("Gold Oil" or the "Company") is pleased to announce the
appointment of Mark Pritchard as a non-executive director with
immediate effect.

After a career in investment banking, latterly with Nomura
International in London, Mark was a founding member in 1992 of a
small private equity firm, Lomond Consultancy, which specializes in
small cap and high tech investments. Mark is currently Chairman of
Allied Minds Inc., a private equity vehicle specializing in early
stage technology investment which he founded in 2004, and of
FuturaGene PLC, a university spin-out venture floated on the AIM
market in May 2004 and in which he was an early stage investor. He
graduated with honors from Cass Business School, London in 1984.

The Company also announces that Gary Moore, CEO and Managing
Director, and Patrick Mahoney, Non-Executive Finance Director are
leaving the board with immediate effect. The Company is in
discussions with a proposed executive director and expects to be in a
position to make a further announcement shortly.

The Company also announces the appointment of Seymour Pierce Limited
as the Company's nominated adviser and broker, also with immediate

For further information on the Company, visit or

Gold Oil
Michael Burchell, Chairman Tel: 01372 361 772

Seymour Pierce
Jonathan Wright / Richard Redmayne Tel: 020 7107 8000

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 Peru and onshore Colombia.

Further information under Schedule 2 of the AIM Rules:

Mark Alun Pritchard, aged 46, is currently or has in the past five
years been a director of the following companies:

Lomond Consultancy Limited
Allied Minds, Inc.
FuturaGene PLC
Lomcon PLC (dormant)

Tradfy (UK) Limited
Intelligence Technology Holdings Limited
Overnet Data (UK) Limited

Mr. Pritchard is the beneficial owner of 42.5 million shares in Gold
Oil, representing 8.5% of the issued share capital.
Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.