Production Operations Update

22 Nov 2010 07:00

22 November 2010

Europa Oil & Gas (Holdings) plc

Production Operations Update

The Directors of Europa Oil & Gas (Holdings) plc are pleased to provide an update on production operations in the East Midlands. The workover on West Firsby-6 is now complete and the well is back on jet pumped production. It may take a short time for reservoir drawdown, and thus production, to reach a stable maximum. All 5 of Europa's production wells are onstream.

A key element of the company's continuing revenue growth strategy is the drilling of a new production well on West Firsby which, as previously announced, is planned to commence in December.

Paul Barrett, Managing Director, said `It is very satisfying to have all our production wells back onstream and we can now concentrate on delivering a new production well on West Firsby in the next two months or so. We expect to see further significant production growth in early 2011.'

Further information:

Europa Oil & Gas

Paul Barrett / Phil Greenhalgh Tel: +44 1235 553 266

finnCap

Sarah Wharry / Henrik Persson, Corporate Finance Tel: +44 207 220 0567 Joanna Weaving, Corporate Broking Tel: +44 207 600 1658