West Firsby Drilling Update

Europa Oil & Gas (Holdings) plc

23 Dec 2010

West Firsby Operational Update

The Directors of Europa Oil & Gas (Holdings) plc are pleased to provide an
update on the West Firsby-9 drilling operations.

The tophole section is now completed and cased to a depth of 206 feet. The
Geometric HH102a rig has moved onto site, with a view to rigging up by close of
business on Xmas Eve. Drilling operations on the main hole section will
commence after the Xmas weekend.

Paul Barrett, Managing Director of Europa, said "Construction of the well
cellar and the drilling of the tophole section have taken place in challenging
weather conditions and all involved have risen to the challenge admirably. We
now look forward to the main drilling phase and will report in the New Year on
progress. In the meantime, I would like to wish all our stakeholders a very
Merry Xmas and a particularly prosperous New Year."

Further information:

Europa Oil & Gas
Paul Barrett / Phil Greenhalgh                            Tel: [phone]

finnCap
Sarah Wharry / Henrik Persson, Corporate Finance          Tel: [phone]
Joanna Weaving, Corporate Broking                         Tel: [phone]