Barchiz Test Plans

25th November 2010

Europa Oil & Gas (Holdings) plc

Barchiz Test Programme

The Directors of Europa Oil & Gas (Holdings) plc are pleased to provide an
update on drilling results from the Barchiz-1 exploration well in Romania.

The well has now reached a final total depth of 1,450m and is being prepared
for testing. Oligocene sandstone reservoirs similar to those seen in the nearby
Geamana Field were encountered in the interval between 520 and 580m. These
presented live oil shows and the wireline logs calculate potential oil pay of
up to 20m net thickness. The Operator, MND, is recommending two drillstem test
intervals: 522.5 - 531m and 548 - 558.5 m.

Paul Barrett, Managing Director, said "Clearly we are extremely encouraged by
this result and look forward to seeing the flow test results in the coming
weeks."

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]