Holding(s) in Company

For immediate release:

          Europa Oil & Gas (Holdings) Plc ("Europa" or "the Company")          

                              Holding in Company                               

The Company was informed on 11 October 2006 that, following the disposal of
ordinary shares in Europa, Tudor BVI Global Portfolio Ltd no longer has a
notifiable interest in the Company.

Further information:

Paul Barrett

Managing Director, Europa Oil & Gas (Holdings) plc [phone]

Jonathan Wright / Parimal Kumar

Seymour Pierce Limited [phone]

Jade Mamarbachi / Toby Hall

gth media relations [phone]/8039