West Firsby Production Update

West Firsby Production Project

The Directors of Europa Oil & Gas (Holdings) plc are pleased to announce the
engagement of Hull-based OSL Consulting Ltd. to comprehensively review the
current facilities of the West Firsby Oilfield in Lincolnshire and design
modifications required to increase the pumping capacity at the site.

Recent theoretical engineering studies have indicated that increasing the flow
through a better optimised jet pump system at West Firsby could increase the
oil production by over 40%. An upgrade of the facilities will be required to
maximize and sustain this production increase and ensure production
reliability. During a trial test, which was constrained by the current
facilities configuration, production increased from 123 to 145bopd.

OSL Consulting are a highly skilled team of engineers experienced in modeling
and redesign of oil & gas infrastructure and are well qualified to deliver a
solution capable of a sustainable production increase at the site.

This is one of a programme of several production optimisation projects
currently being undertaken by Europa on its producing portfolio.

Managing Director, Paul Barrett, said "This will lead to sustainable increase
in production levels without the need for subsurface intervention. It is part
of a strategy to position Europa to better exploit its production assets when
oil prices recover."

The technical information and opinions contained in this announcement have been
reviewed by Dr. Erika Syba, Europa's Operations Director, who has 25 years of
experience in the oil exploration and production industry. She has consented to
the inclusion herein of such technical information and opinions.

For further information, please contact;

Paul Barrett Europa Oil & Gas (Holdings) plc 01235 553 266

Jonathan Wright Seymour Pierce 0207 107 8050

www.europaoil.com