Operational Update on Rosa Blanca 1 & Directorate Changes

3/12/2009, 1:20 PM (Source: GlobeNewswire)
12th March 2009
Gold Oil plc

Operational Update on Rosa Blanca 1
Directorate Changes

Gold Oil plc ("Gold Oil" or the "Company") announces that a workover
hoist has arrived on location at the RosaBlanca site and is currently
rigging up. Testing will recommence in the next 24 hours.


The Company is also pleased to announce that Mark Pritchard,
currently a Non-executive Director, becomes Executive Chairman of the
Company with immediate effect. Mike Burchell, the current Chairman,
remains on the board as a Non-executive Director.


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

Gold Oil
Mark Pritchard, Chairman Tel: 07802
827 846

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.
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