Issue of Options

Europa Oil & Gas plc / Index: AIM / Epic: EOG / Sector: Oil & Gas       

12 February 2014

          Europa Oil & Gas (Holdings) plc (`Europa' or `the Company')          

                               Issue of Options                                

Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration and
development company with a combination of producing and exploration assets in
Europe, is pleased to announce that it has today awarded Colin Bousfield,
Non-Executive Director, 500,000 options to buy Ordinary Shares of 1p each in
the Company.

The options represent 0.244% of the current issued share capital. All of the
options have an exercise price of 8.9p and are exercisable one third after 18
months, one third after 30 months and one third after 42 months.

Mr Bousfield has no other interest in Europa shares.

                                   **ENDS**                                    

For further information please visit www.europaoil.com or contact:

Hugh Mackay           Europa                           [phone]    
                                                                               
Phil Greenhalgh       Europa                           [phone]    
                                                                               
Matt Goode            finnCap Ltd                      [phone]    
                                                                               
Henrik Persson        finnCap Ltd                      [phone]    
                                                                               
Frank Buhagiar        St Brides Media and Finance Ltd  [phone]    
                                                                               
Lottie Brocklehurst   St Brides Media and Finance Ltd  [phone]    

Notes

Europa Oil & Gas (Holdings) plc has a diversified portfolio of multi-stage
hydrocarbon assets that includes production, exploration and development
interests, in countries that are politically stable, have transparent licensing
processes, and offer attractive terms. The Company produced 182 boepd in the UK
during the 2012/2013 financial year, generating sufficient revenues to cover
corporate overheads. Its highly prospective exploration projects include the
Wressle prospect in the UK where a well is due to be drilled later in the near
term; 100% owned gas exploration prospect (416 bcf) and appraisal project (CPR
277 bcf) in onshore France; and a joint venture with leading independent Kosmos
to explore two licences in offshore Ireland in which Europa has identified two
prospects with estimated gross mean un-risked indicative resources of 482
million barrels oil and 1.6 billion barrels oil respectively.