Drilling Report

Europa Oil & Gas (Holdings) plc                        

                          Arbore-1 Well to be tested                           

The Directors of Europa Oil & Gas (Holdings) plc, the production and
exploration company, are pleased to announce that a gas-bearing sandstone
interval encountered in the Arbore-1 well, in northern Romania, will be
tested.  The well, which has reached a total depth of 1,048m, will be cased and
a drill stem test performed over the zone of interest at a depth of around
840m.

A further announcement will be made on the test results in due course.


About Europa Oil & Gas (Holdings) plc

Europa Oil & Gas focuses on the production and exploration of hydrocarbons in
Europe and North Africa. Europa currently produces oil from three fields in the
UK. Operating over two-thirds of its portfolio with an average working interest
of 60%, 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 or contact:

Paul Barrett, Managing Director, Europa Oil & Gas [phone]

Jonathan Wright or Parimal Kumar, Seymour Pierce [phone]