Issue of Equity

Europa Oil & Gas (Holdings) PLC                        

                                Issue of Equity                                

Europa Oil & Gas, the AIM-listed production and exploration company (AIM: EOG),
announces that further to a share finance facility entered into with the
Headstart Group, 539,811 new ordinary shares have today been issued and
allotted in exchange for net proceeds of £95,000. The funds have been used for
purchase and installation of the beam pump on the CW-2 well drilled recently.

Following the allotment the total number of shares in issue is 62,563,730
ordinary shares. Application will be made for the new shares to be admitted to
AIM. It is expected that dealings in the new shares will commence on 23
November 2007.

Europa Oil & Gas (Holdings) plc

Europa Oil & Gas (Holdings) plc focuses on the production and exploration of
hydrocarbons in Europe and North Africa. Europa currently produces over 250
barrels of oil equivalent per day from its operations in the UK. Operating a
balanced portfolio, Europa also has field appraisal and exploration activity on
a number of projects in the UK and Romania and a strong new ventures programme
across Europe and the North African region.

For more information please visit www.europaoil.com

Contact Information:

Paul Barrett, Managing Director, Europa Oil & Gas (Holdings) plc [phone]
266

Jonathan Wright / Parimal Kumar, Seymour Pierce Limited [phone]

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