Production Update

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

16 December 2011

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

                               Production Update                               

Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration and
development company with a combination of producing and exploration assets in
onshore Europe, announces a temporary suspension of production at the West
Firsby 7 well in the East Midlands, UK.

The well has been shut in due to a suspected hole in a section of the tubing. A
work over programme is being submitted to the Health & Safety Executive for
approval and a rig has already been booked to carry out the necessary repairs.
There is no evidence of any leakage of oil at the site and the Company
anticipates that West Firsby 7 will be back in production early in the New
Year.

Prior to the shutdown, the Company's average daily production had been running
at approximately 200 barrels of oil per day (`bopd'). As a result of the
temporary shutdown of West Firsby 7, daily production is now running at 130
bopd. Assuming the work over programme is completed on schedule, management
expect daily production for the six months to 31 January 2012 to average
185-190 bopd.

Europa's CEO, Hugh Mackay commented, "It is always disappointing to have to
report an unplanned shut in, however I am confident that the swift action we
are taking to resolve the issue will limit the overall impact of the shutdown
on our first half's production levels. In the meantime, we are continuing with
our strategy of progressing our high quality exploration portfolio through the
development cycle and I look forward to reporting significant progress in this
regard to the market in the New Year."

                                 * * ENDS * *                                  

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

Hugh Mackay Europa Oil & Gas (Holdings) plc [phone]

Phil Greenhalgh Europa Oil & Gas (Holdings) plc [phone]

Sarah Wharry 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 currently produces 200
barrels per day of oil in the UK, generating sufficient revenues to cover
corporate overheads. In addition, it has highly prospective exploration
projects in the UK, Ireland, France and Romania, the most significant asset
being the 1.7 TCF, $2.2 billion Berenx gas appraisal project in onshore France.