West Firsby Drilling Plans

Europa Oil & Gas (Holdings) plc

17th November 2010

West Firsby 9 Drilling Plans

The Directors of Europa Oil & Gas (Holdings) plc are pleased to provide details
of the timing for the forthcoming West Firsby-9 development well.

A letter of intent has been signed for Geometric to use their HH102 rig for a
new development well on the field. Well cellar construction will commence on
the 18th November and the tophole section is expected to be pre-drilled ahead
of the arrival of the HH102 rig in December.

West Firsby-9 will be engineered as a 2,000 ft long near-horizontal producer
with the reservoir expected to be encountered in a structurally high position
on the field. The reservoir will be completed openhole to minimise formation
damage and with packers to give zonal production flexibility.

Paul Barrett, Managing Director, said `We are looking forward very much to the
drilling of this crestal well and the decision to drill a new well instead of a
sidetrack greatly reduces technical risk and allows much more operational
flexibility with respect to completion strategy. According to the expected
timetable, the well should be on production early in the 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]

The contents of this news release have been reviewed and approved by Paul
Barrett, MSc., a geologist with over 30 years oil and gas experience.