Operational Update

Operational Update

Planning Permission for Gravel Pits-1, Liliechi-1 update

The Directors of Europa Oil & Gas (Holdings) plc (`Europa') are pleased to
announce that Lincolnshire County Council has granted planning permission to
drill the Gravel Pits-1 exploration well, on the PEDL150 (SW Lincoln) licence.
Europa intends to commence site preparations as soon as possible. Timing of
drilling, however, is subject to rig availability in the current tight UK
onshore rig market. A further announcement will be made when a rig contract is
in place and an anticipated spud date is known.

Aurelian Oil & Gas plc has informed partners that it anticipates the Liliechi-1
exploration well will spud during the week commencing the 18th August.

For further information, please contact;

Paul Barrett Europa Oil & Gas (Holdings) plc 01235 553 266
Jonathan Wright Seymour Pierce 0207 107 8050

www.europaoil.com