Credit Facility

Europa Oil & Gas (Holdings) plc                        

                          (`the Company' or `Europa')                          

                                Credit Facility                                

The Directors of Europa Oil & Gas (Holdings) plc, the production and
exploration company, are pleased to announce that the Royal Bank of Scotland
(`RBS') has provided the Company with a credit facility of up to £2 million for
project work in the coming 12 months.

Paul Barrett, Managing Director of Europa, said "We are delighted with the
support of RBS in providing this facility, which will be utilised on our
planned activity this year, predominantly on our UK onshore assets."

Steve Mills, Senior Director, Oil & Gas at RBS, said "We are pleased that
Europa has reached a level of maturity in its production portfolio to enable
the bank to provide this facility and we wish Europa every success in its 2007
capital programme. We believe granting this facility demonstrates RBS's
commitment to smaller E&P ventures in a sector dominated by much larger
transactions."

About Europa Oil & Gas (Holdings) plc

Europa Oil & Gas (Holdings) plc focuses on the production and exploration of
hydrocarbons in Europe and North Africa. Europa currently produces 600 barrels
of oil equivalent per day from its operations in the UK, Romania and the
Ukraine. Operating a balanced portfolio, Europa also has field appraisal and
exploration activity on a number of projects in the UK and Romania and a strong
new ventures programme across Europe and the North African region.

For more information please visit www.europaoil.com

For further information, contact:

Paul Barrett, Managing Director, Europa Oil & Gas [phone]

Jonathan Wright or Parimal Kumar, Seymour Pierce [phone]