BOIL.L Regulatory News (BOIL)

19 November 2012

GOLD OIL plc

("Gold Oil" or "the Company")

Nancy Burdine Field Update

Gold Oil, the AIM-listed oil and gas exploration and production company, is pleased to announce that the suspension of the Nancy Burdine field has been lifted effective 14 November 2012. Presently the wells are being returned to production and it is expected that it will take some time before oil production from the field is stabilised. The Board considers this to be a positive sign for the Company.

For further information:

Gold Oil Plc

Rudolph Berends (Chairman & CEO) Tel: +44 (0) 203 427 5089

Seymour Pierce Ltd (Nomad and Joint Broker):

Jonathan Wright / Stewart Dickson (Corporate Finance) Tel: +44 (0) 20 7107 8000

Richard Redmayne / David Banks (Corporate Finance)

FirstEnergy Capital LLP (Joint Broker):

Hugh Sanderson / Travis Inlow Tel: + 44 (0) 20 7448 0200