Update on Wressle-1 Well, onshore UK

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

20 October 2014

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

                     Update on Wressle-1 Well, onshore UK                      

Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas exploration and
development company with a combination of producing and exploration assets in
Europe, is pleased to note the announcement of Egdon Resources today confirming
that detailed petrophysical and reservoir engineering evaluation on the
Wressle-1 exploration well on the PEDL 180 licence in East Lincolnshire has
confirmed the presence of potential hydrocarbon bearing zones in three separate
reservoir intervals. Production testing of these intervals using a workover rig
is due to start in November 2014. Europa has a 33.3% working interest in PEDL
180, alongside its partners Egdon Resources (operator, 25%), Celtique Energie
Petroleum Ltd (33.3%), Union Jack Oil (8.3%).

Wressle is a conventional hydrocarbon prospect located in the East Midlands
Petroleum Province, 5 km southeast of and along the same structural trend as
the Europa operated, Crosby Warren field which has been producing oil for
almost 28 years.

The Company is also pleased to confirm that preparations for the Europa
operated Kiln Lane conventional exploration well on the PEDL 181 licence are
proceeding according to plan and that operations are anticipated to commence on
site before year end, subject to the relevant planning permissions and EA
mining waste permit being granted in a timely manner. Europa estimates the Kiln
Lane prospect holds gross mean prospective of 2.9 mmbo and a discovery on this
large previously undrilled licence would open up a new conventional oil and gas
play and significantly de-risk additional leads identified on the licence.
Europa holds a 50% interest and is operator of PEDL 181 which covers 540 sq km
in East Lincolnshire, a known oil producing region.

Europa's CEO, Hugh Mackay said, "Having identified over 30 metres of potential
hydrocarbon pay in three main intervals we look forward to the commencement of
testing operations on the Wressle 1 well in the next few weeks and to determine
if we have made a commercial discovery. Testing Wressle will be closely
followed by drilling the 2.9mmbo conventional Kiln Lane prospect. Combined
Wressle and Kiln Lane have the potential to transform our existing UK onshore
production profile. I look forward to providing further updates on our progress
in the UK and elsewhere in our portfolio including our two offshore Ireland
blocks where we are due to receive a new prospect inventory from our partner
Kosmos Energy."

                                 * * 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 165 boepd in the UK
during the 2013/2014 financial year, generating sufficient revenues to cover
corporate overheads and some exploration expenditure. Its highly prospective
exploration projects include the Wressle (recently drilled and scheduled for
testing) and Kiln Lane prospects (due to be drilled this year) in the UK; 100%
owned gas exploration prospect (107 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 had previously identified two
prospects with estimated gross mean un-risked indicative resources of 482
million barrels oil and 1.6 billion barrels oil respectively.

Qualified Person Review

This release has been reviewed by Hugh Mackay, Chief Executive of Europa, who
is a petroleum geologist with 30 years' experience in petroleum exploration and
a member of the Petroleum Exploration Society of Great Britain, American
Association of Petroleum Geologists and Fellow of the Geological Society. Mr
Mackay has consented to the inclusion of the technical information in this
release in the form and context in which it appears.