Results of WF-9 Zone 2 test production

Europa Oil & Gas (Holdings) plc

14 March 2011

Initial results from WF-9 Zone 2 test production

The Directors of Europa Oil & Gas (Holdings) plc are pleased to provide an
update on operations at West Firsby. The lower reservoir zone, Zone 2, of new
well WF-9 has been tested for 5 days using a beam pump and has produced at an
average pumped rate of 80 bopd with only 5% water and high volumes of
associated gas. This compares extremely favourably with WF-7's Zone 2
production which initially produced with high water cut and lower gas volumes
indicating the new well has been placed in a part of this reservoir zone with
higher oil saturations.

The well will be reconfigured this week to separately test the productivity of
reservoir Zone 1 and a decision then made on pumping strategy for the well. An
optimised jet pump system, better at handling associated gas, is currently the
planned permanent production regime.

An announcement on the aggregate production rate from both zones and the
production strategy for the well will be made in due course.

Elsewhere on the site, the WF-3 water injection well is now complete and has
performed well under injectivity tests.

Paul Barrett, Managing Director of Europa, said `It is especially encouraging
to see both dry oil and significant gas from the test production for Zone 2. We
look forward to the results of producing Zone 1 and optimising the production
going forward. We anticipate that with an optimised WF-9 pumping regime and
with WF-7 back on full production soon, we should be very close to meeting our
production targets.'