Operations Update - Hykeham

Hykeham Test Timetable

The Directors of Europa Oil & Gas (Holdings) plc would like to provide a brief
update on activities at Hykeham, Lincolnshire.

Site operations have been delayed by recent weather and it is now anticipated
that completion operations on the Hykeham-1Z well will commence on the 25th
January. The well will be perforated for an extended flow test of up to 6 month
duration commencing on or around the 30th January. Formal DECC approval for
this test has now been received.

Further information will be provided in due course.

For further information, please contact:

Paul Barrett Europa Oil & Gas [phone]
Jonathan Wright Seymour Pierce [phone]