Holmwood Prospect Appeal Decision to be Contested

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

1 November 2012

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

               Holmwood Prospect Appeal Decision to be Contested               

Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration,
development and production company focused on Europe, announces that, along
with its partners, it has submitted an application to the High Court in
relation to its Holmwood prospect (`Holmwood') in the PEDL143 licence in the
Weald Basin, Surrey, onshore UK. The application is for an order quashing the
decision of the Secretary of State for Communities and Local Government to
dismiss an appeal made by Europa against Surrey County Council's refusal to
grant planning permission to drill one exploratory borehole and undertake a
short term test for hydrocarbons at Holmwood.

An application for planning permission to drill the Holmwood prospect was
refused by Surrey County Council in 2011. The planning appeal was heard at a
seven day public inquiry in July 2012 and the Planning Inspectorate issued a
decision to dismiss the appeal on 26 September 2012. Having consulted with its
legal counsel, Europa, along with its partners in the licence (Egdon Resources
38.4%, Altwood Petroleum 1.6%, and Warwick Energy 20%), have decided to appeal
against that decision.

Europa's CEO, Hugh Mackay said, "During a time of challenging macroeconomic
conditions, hydrocarbon exploration can provide the UK with much needed inward
investment, job creation and tax revenues. Holmwood, with its high level of
prospectivity and one in three chance of success, has the potential to make a
considerable contribution to the national economy."

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

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

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 currently produces
approximately 200 boepd in the UK, generating sufficient revenues to cover
corporate overheads and fund some exploration capex. In addition, it has highly
prospective exploration projects in the UK, Ireland, France and Romania.

Qualified Person Review

This release has been reviewed by Hugh Mackay, Chief Executive of Europa, who
is a petroleum geologist with 30 years' experience in petroleum exploration and
a member of the Petroleum Exploration Society of Great Britain, American
Association of Petroleum Geologists and Fellow of the Geological Society. Mr
Mackay has consented to the inclusion of the technical information in this
release in the form and context in which it appears.