Drilling Report

21 Jun 2007 07:00

Europa Oil & Gas (Holdings) plc Arbore-1 Well to be tested

The Directors of Europa Oil & Gas (Holdings) plc, the production and exploration company, are pleased to announce that a gas-bearing sandstone interval encountered in the Arbore-1 well, in northern Romania, will be tested. The well, which has reached a total depth of 1,048m, will be cased and a drill stem test performed over the zone of interest at a depth of around 840m.

A further announcement will be made on the test results in due course.

About Europa Oil & Gas (Holdings) plc

Europa Oil & Gas focuses on the production and exploration of hydrocarbons in Europe and North Africa. Europa currently produces oil from three fields in the UK. Operating over two-thirds of its portfolio with an average working interest of 60%, Europa also has field appraisal and exploration activity on a number of projects in the UK and Romania and a strong new ventures programme across Europe and the North African region.

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

Paul Barrett, Managing Director, Europa Oil & Gas +33 5 63 33 18 97

Jonathan Wright or Parimal Kumar, Seymour Pierce +44 20 7107 8000