Drilling Update

Voitinel-1 Spud

The Directors of Europa Oil & Gas (Holdings) plc are pleased to announce the
spudding of the Voitinel-1 well in Romania, details of which are to be found in
Aurelian Oil & Gas' announcement today.

Paul Barrett, Managing director, said `The long-awaited drilling of this
significant prospect marks a key point in the development of Europa's portfolio
and its results are eagerly anticipated'.

For further information, please contact:

Paul Barrett Europa 01235 553 266 or
Jonathan Wright Seymour Pierce 020 7107 8050