Trading Update

29 September 2010

Trading Update, Notice of Results and Investor Presentation

The Directors of Europa Oil & Gas (Holdings) plc are pleased to provide an
update on trading for the year to 31 July 2010. Oil production revenues are
broadly in line with analyst expectations at £3.1 million. However, pre-tax
profit figures are expected to be lower than anticipated due to exceptional
items.

Results for the year ended 31 July 2010 are scheduled to be announced during
the week of the 18th October 2010.

The Company will be presenting an Investor Update at ProActive Investors on the
30th September and the presentation will be available on the Company's website
(www.europaoil.com).

For more information, contact:

Europa Oil & Gas     Paul Barrett             [phone]
Astaire Securities     Shane Gallwey/Toby Gibbs      [phone]
Astaire Securities     Charles Vaughan [phone]