Planning Consent

Europa Oil & Gas (Holdings) PLC
30 November 2004



                        EUROPA OIL & GAS (HOLDINGS) PLC
                                   ('EUROPA')

                          GRANTING OF PLANNING CONSENT

                                                                30 November 2004


Europa Oil & Gas (Holdings) plc, the independent oil & gas exploration and
production group with assets in the UK and continental Europe, today announces
that Lincolnshire County Council has granted planning consent for two
development wells in the West Firsby oilfield.  The field, in which Europa has a
100% interest, is located some 15 kilometres north of Lincoln in the East
Midlands oil province.

In November, the nearby Whisby-4 well, in which Europa holds a 75% interest,
passed the 100,000 barrels of oil production milestone and continues to produce
at approximately 200 barrels of oil per day.

Paul Barrett, Managing Director of Europa, said:

'We are pleased to have received planning permissions for these wells which will
lead to the continued development of the West Firsby Field.  Also, the Whisby-4
well demonstrates the continued outstanding performance of the Whisby field.'



For further information, contact:

Europa Oil & Gas (00 33 563 33 18 97)
Paul Barrett

Citigate Dewe Rogerson (020 7638 9571)
Martin Jackson / George Cazenove

Westhouse Securities LLP (020 7601 6100)
Bill Staple / Tim Feather


See also see www.europaoil.com


Notes to Editors

Europa began trading on the AiM market on 11 November 2004.


Placing Statistics

Placing Price per New Ordinary Share                                   25 pence
Number of New Ordinary Shares placed                                   20,000,000
Total Proceeds from the Placing (before expenses)                      £5 million
Number of Ordinary Shares in issue immediately following Admission     60,000,000
Number of Warrants in issue immediately following Admission            10,000,000
Market Capitalisation following the Placing at the Placing Price       £15 million


Production

Three projects are currently in production and a further two are awaiting
development.  The current attributable production of around 330 boepd is
forecast by independent consultants, Scott Pickford, to rise to up to 6,000
boepd by 2007.


Reserves

Scott Pickford has undertaken a review of the oil and gas properties of Europa
and concluded that the Group holds 2P reserves and contingent resources of 7
million barrels of oil equivalent ('mmboe') and estimated additional unrisked
prospective resources of 28 mmboe.

                                         Summary of Principal Assets
                  Country       Block / Field                            Operator            Interest

Producing         UK            West Firsby Oilfield                     Europa              100%
                  UK            Whisby-4, Whisby Oilfield                Blackland Park      75%
                  Ukraine       Horodok Field                            Europa              70%

Development       UK            41/24 & 41/25                            Europa              100%
                  UK            Whisby Area (pending)                    Europa              100%
                  Romania       Brodina EIII-1 (Bilca Discovery)         Falcon              28.75%

Exploration       UK            TQ14 Holmwood (pending)                  Europa              40%
                  UK            Whisby Area Exploration (pending)        Europa              100%
                  Romania       EPI-8 Valeni de Munte                    Tullow Oil          15%
                  Romania       Epi-3 Costisa Prospect                   Tullow Oil          15%
                  Romania       EIII-3 Cuejdui                           Falcon              28.75%
                  Romania       EIII-4 Bacau                             Falcon              47.5%
                  Poland        Nowy Sacz Area                           Medusa              2.5% ORRI



Strategy

Europa has embarked on a strategy to build the Group into a significant
European-focused independent upstream oil and gas business.  The strategy will
be to continue to grow a balanced exploration and production portfolio with
producing assets generating cashflow, development projects providing low risk
potential and exploration opportunities offering significant upside.


Also see www.europaoil.com



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