Completion of Placing

Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas  

          Europa Oil & Gas (Holdings) plc (`Europa' or `the Company')          

                             Completion of Placing                             

Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration,
development and production company focused on Europe, is pleased to announce
completion of the placing to raise approximately £2.86 million (before
expenses), details of which were announced on 16 December 2013 (the `Placing').
Accordingly, 47,694,665 ordinary shares of 1 p each (`Ordinary Shares') have
today been admitted to trading on AIM.

Shareholders are reminded that the Open Offer to raise up to a further £1.16
million (before expenses) remains open for acceptance until 11.00 a.m. on 17
January 2014.

Following completion of the Placing, and prior to the completion of the Open
Offer the Company's issued share capital consists of 185,550,169 Ordinary
Shares. No Ordinary Shares are held in treasury.

The above figure of 185,550,169 may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, Europa under the
Financial Conduct Authority's Disclosure and Transparency Rules.

Europa's CEO Hugh Mackay said: "We look forward to applying the proceeds of the
Placing towards progressing our balanced portfolio of assets. In particular,
this will allow us to drill the Kiln Lane prospect on PEDL-181 which is located
in a working hydrocarbon system where a number of discoveries have been made in
adjacent licences. We estimate Kiln Lane has gross mean un-risked resources of
2.9mmbo and with a 50% interest and operatorship of the licence, and we hope to
drill a well in H2 2014."

                                   **ENDS**                                    

For further information please visit www.europaoil.com or contact:

Hugh Mackay           Europa                           + 44 (0) 20 7224 3770   
                                                                               
Phil Greenhalgh       Europa                           + 44 (0) 20 7224 3770   
                                                                               
Matt Goode            finnCap Ltd                      [phone]    
                                                                               
Henrik Persson        finnCap Ltd                      [phone]    
                                                                               
Frank Buhagiar        St Brides Media and Finance Ltd  [phone]    
                                                                               
Lottie Brocklehurst   St Brides Media and Finance Ltd  [phone]    

Notes

Europa Oil & Gas (Holdings) plc has a diversified portfolio of multi-stage
hydrocarbon assets that includes production, exploration and development
interests, in countries that are politically stable, have transparent licensing
processes, and offer attractive terms. The Company produced 182 boepd in the UK
during the 2012/2013 financial year, generating sufficient revenues to cover
corporate overheads. Its highly prospective exploration projects include the
Wressle prospect in the UK where a well is due to be drilled in the near term;
100% owned gas exploration prospect (416 bcf) and appraisal project (CPR 277
bcf) in onshore France; and a joint venture with leading independent Kosmos to
explore two licences in offshore Ireland in which Europa has identified two
prospects with estimated gross mean un-risked indicative resources of 482
million barrels oil and 1.6 billion barrels oil respectively.