Drilling Update

10th November 2010

Drilling Update - Barchiz-1

The Directors of Europa Oil & Gas (Holdings) plc are pleased to provide a
progress update on the drilling of the Barchiz-1 well in Romania. The well has
now been cased to a depth of 664m and preparations are being made to drill the
main 8½" section of the well containing the target horizons.

From this point the well will be operated `tight hole' and no further
announcements will be made until reaching final total depth of approximately
1,400m.

Further information:

Europa Oil & Gas

Philip Greenhalgh / Paul Barrett Tel: [phone]

finnCap
Sarah Wharry / Henrik Persson, Corporate Finance Tel: [phone]
Joanna Weaving, Corporate Broking Tel: [phone]