EUROPA OIL & GAS (HOLDINGS) PLC - Planning Application Granted to Drill Well Onshore UK

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

24 June 2013

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

        Planning Application Granted to Drill Wressle-1 Well Onshore UK

Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration and
development company with a combination of producing and exploration assets in
Europe, announces that Egdon Resources plc (`Egdon'), the operator of Licence
PEDL 180, has received planning approval from North Lincolnshire Council
to drill an exploratory borehole on Licence PEDL 180 targeting the Wressle
prospect in onshore UK in the second half of 2013. Europa has a 33.34% working
interest in the block, alongside Celtique Energie Petroleum Ltd (33.33%), Egdon
(25% interest and operator) and Union Jack Oil plc (8.33%).

PEDL180 covers an area of 100 km2 on the western margin of the Humber Basin in
the East Midlands Petroleum Province. The Wressle-1 well will target the highly
petroliferous Brigg Broughton anticline trending WNW through PEDLs 180, 182 and
241. Several oil discoveries have been made along this trend at Brigg,
Broughton and Glanford and it also includes the Crosby Warren oil field
operated by Europa. The operator estimates Wressle holds mean gross unrisked
prospective resources of 2.1 million barrels of oil.

Drilling operations at Wressle are expected to commence in the second half of
2013. The well is targeting multiple prospective sandstone reservoirs in a
structurally favourable position near the crest of the Wressle structure within
the Upper Carboniferous and will be drilled as a deviated well to a total depth
of about 2,300 metres with a maximum offset of approximately 1,250 metres.

Europa's CEO Hugh Mackay said: "Wressle-1 is the first of up to five wells to
be drilled across our asset base over the next eighteen months, each of which
has the potential to transform our existing production profile and reserves.
With mean gross un-risked prospective resources of 2. 1 mmbo, Wressle is small
compared to our Mullen and Kiernan prospects in the South Porcupine Basin,
offshore Ireland, and Berenx, the deep gas appraisal project in onshore France.
Nevertheless, drilling success at Wressle would generate considerable near term
cash flow that we would reinvest into proving up and monetising other highly
prospective exploration and appraisal projects in our portfolio. With this in
mind, 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                                  +44 (0) 20 7224 3770
Phil Greenhalgh

Matt Goode         finnCap Ltd (Nominated Adviser and      +44 (0) 20 7220 0500
Henrik Persson                         Broker)

Frank Buhagiar     St Brides Media and Finance Ltd         +44 (0) 20 7236 1177
Lottie Brocklehurst

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 currently produces
approximately 180 boepd in the UK, generating sufficient revenues to cover
corporate overheads. Its highly prospective exploration projects include the
Wressle prospect in the UK where a well is due to be drilled in H2 2013; a 100%
owned deep gas appraisal project with a CPR assigned contingent resource of
277bcf 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.