Renewal of Tarbes Val d’Adour Permit, France

Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas  

24 February 2014

          Europa Oil & Gas (Holdings) plc (`Europa' or `the Company')          

             Renewal of Tarbes Val d'Adour Permit, Onshore France              

Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration,
development and production company focused on Europe, is pleased to announce
the renewal of its 100% owned Tarbes Val d'Adour permit (`Tarbes' or `the
Permit'), in the proven Aquitaine Basin, onshore France.

The Permit has been extended until 18 January 2015. Tarbes Val d'Adour contains
several oil accumulations that were previously licensed by Elf but were
abandoned in 1985 due to a combination of technical issues and low oil prices.
Two fields, Jacque and Osmets, were drilled using vertical wells which
generated modest production levels.

Hugh Mackay, CEO of Europa, said, "Thanks to previous operators recovering
modest quantities of oil from two fields on the Permit, Tarbes is an appraisal
rather than an exploration project. While not on the same scale as our
potential company-making Bearn des Gaves permit onshore France and our two
Kosmos Energy operated licences offshore Ireland, Tarbes offers a relatively
low cost business development opportunity. In tandem with our on-going farm-out
discussions for the Bearn des Gaves permit, we will now look to secure a
partner with whom we can look to advance Tarbes in the limited time available.

"Elsewhere in our portfolio, we remain on course to drill two wells onshore UK
in 2014, starting with the Wressle prospect in the first half of the year and
Kiln Lane in the second, each with a one in three chance of success. Offshore
Ireland, we expect to complete the interpretation of the 3D seismic survey
acquired in Q3 2013 by the end of June 2014, at which time decisions will be
made in respect of drilling the Kiernan and Mullen prospects. This is an
exciting period for the Company and I look forward to providing further updates
on our progress in due course."

                                 * * ENDS * *                                  

For further information please visit www.europaoil.com or contact:

Hugh Mackay           Europa                           [phone]    
                                                                               
Phil Greenhalgh       Europa                           [phone]    
                                                                               
Matt Goode            finnCap Ltd                      [phone]    
                                                                               
Henrik Persson        finnCap Ltd                      [phone]    
                                                                               
Frank Buhagiar        St Brides Media and Finance Ltd  [phone]    
                                                                               
Lottie Brocklehurst   St Brides Media and Finance Ltd  [phone]    

Notes

Europa Oil & Gas (Holdings) plc has a diversified portfolio of multi-stage
hydrocarbon assets that includes production, exploration and development
interests, in countries that are politically stable, have transparent licensing
processes, and offer attractive terms. The Company produced 170 boepd in the UK
during the first half of the 2013/2014 financial year, generating sufficient
revenues to cover corporate overheads. Its highly prospective exploration
projects include the Wressle and Kiln Lane prospects in the UK where wells are
due to be drilled this year; 100% owned gas exploration prospect (416 bcf) and
appraisal project (CPR 277 bcf) in onshore France; and a joint venture with
leading independent Kosmos to explore two licences in offshore Ireland in which
Europa has identified two prospects with estimated gross mean un-risked
indicative resources of 482 million barrels oil and 1.6 billion barrels oil
respectively.