Bilca Construction Award

Europa Oil & Gas (Holdings) PLC
18 October 2005


                        Europa Oil & Gas (Holdings) plc



                            Bilca Construction Award



Europa Oil & Gas (Holdings) plc, the independent oil & gas exploration and
production group with assets in the UK and continental Europe, today announces
that the construction contract for the Bilca Gas Development in Romania has been
signed.



The contract was awarded to Condmag SA, Brasov and Inspet SA, Ploiesti, both
large Romanian contractors.  The installation comprises the production
facilities, flowlines and export lines for a complex of three gas fields (Bilca
East, Bilca West and Fratauti) situated in the EIII-1 Brodina Block, in which
Europa holds a 28.75 per cent. interest.  The work will commence immediately and
the facilities are expected to be completed in early 2006.



The Bilca and Fratauti gas discoveries were drilled between May 2004 and March
2005 and flowed at rates between 6.3 mmscfpd (approximately 1,000 boepd) and
12.7 mmcfgpd (approximately 2,000 boepd) respectively.



The Brodina Block contains a further Bilca 'look-a-like' prospect
(Costisa-Radauti-1) for which drilling consent was obtained from the Romanian
government earlier this month.  The Directors anticipate that this well will be
drilled in 2006.  In addition, work will continue to identify further prospects
on the Block with a seismic survey planned for early 2006.



Paul Barrett, Managing Director of Europa, said:



'The continued progress on this project demonstrates our commitment to the
programme we set out in our AIM prospectus.  This project is on track to
increase our production substantially in 2006 whilst the parallel exploration
work in Romania is expected to increase our reserves and resources further over
the coming year.'




For further information, contact:

Europa Oil & Gas                                               00 33 563 331 897
Paul Barrett

Westhouse Securities LLP                                           020 7601 6100
Bill Staple
Tim Feather



Please also see www.europaoil.com




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