Grant of stock options

Europa Oil & Gas (Holdings) plc                        

28 October 2009

ISSUE OF OPTIONS                                

Europa Oil & Gas (Holdings) plc announces that Phil Greenhalgh, Finance
Director has been granted 625,000 options over ordinary shares in the company.
All the options have an exercise price of 16p and a 10 year life. One third of
the options are exercisable after 18 months, a further third after 30 months
and the balance after 42 months. Following this grant, Mr Greenhalgh has a
total of 1,875,000 options over ordinary shares in the company. A further
160,000 options were granted to other employees of the company on similar
terms.

For further information contact:

Paul Barrett, Managing Director, Europa Oil & Gas [phone]
Jonathan Wright, Seymour Pierce [phone]