Separate dough into 8 biscuits. Press or roll each to form 5 1/2-inch round.
In 10-inch skillet, heat oil over medium heat until hot. Add biscuit rounds, a few at a time; cook 3 minutes. Turn; cook about 3 minutes longer or until light golden brown. Remove from skillet.
Place 2 slices of cheese on each of 4 biscuit rounds. Top with remaining biscuit rounds.
Return to skillet; cook 2 to 3 minutes or until golden brown. Turn; cook about 2 minutes longer or until cheese is melted.