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

    13 June 2016

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

     Transfer of interest in and operatorship of FEL 2/13 and 3/13 offshore Ireland

    Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration,
    development and production company focused on Europe, is pleased to announce
    that consent has been received from the Irish Minister of Energy for the
    transfer of interest in and operatorship of, Frontier Exploration Licences
    ('FEL') 2/13 and 3/13 from Kosmos Energy Ireland. Europa now has 100% interest
    in, and is operator of seven licences in the Atlantic basins offshore Ireland.

    As announced on 8 June 2016, Europa's portfolio of seven offshore Ireland
    licences is estimated to hold combined gross mean un-risked prospective and
    indicative resources of up to 4 billion barrels of oil equivalent and 1.5 tcf
    of gas in various prospects in the Cretaceous fan and pre-rift plays. For
    clarity, prospective resources are by definition potentially recoverable.
    Europa is currently running a data room to farm-out interests in FEL 2/13, FEL
    3/13 and LO 16/2. The response from target companies, majors and midcaps has
    been positive to date and the confirmation of the transfer of interest in the
    two FELs removes a potential obstacle to the farm-out.

    Europa CEO Hugh Mackay said, "We believe that the North Atlantic contains two
    of the world's exploration 'hotspots'. One is in the Flemish Pass basin
    offshore Newfoundland and the other is offshore West Ireland. We are delighted
    that major oil companies have returned to Ireland's Porcupine basin.  We are
    focused on finding a suitable partner with whom we can look to prove our
    existing licenses via the drill bit. With this in mind, I look forward to
    providing updates on our progress."

                                     * * ENDS * *                                  

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

    Hugh Mackay       Europa                        + 44 (0) 20 7224    
                                                    3770                
                                                                        
    Phil Greenhalgh   Europa                        + 44 (0) 20 7224    
                                                    3770                
                                                                        
    Matt Goode        finnCap Ltd                   + 44 (0) 20 7220    
                                                    0500                
                                                                        
    Simon Hicks       finnCap Ltd                   + 44 (0) 20 7220    
                                                    0500                
                                                                        
    Frank Buhagiar    St Brides Partners Ltd        + 44 (0) 20 7236    
                                                    1177                
                                                                        
    Susie Geliher     St Brides Partners Ltd        + 44 (0) 20 7236    
                                                    1177                

    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.  In 2015 Europa produced 141 boepd.  Its
    highly prospective exploration projects include the Wressle development
    (targeting production start-up later in 2016 at up to 500 bopd gross) in the
    UK; 100% owned gas exploration prospect (107 bcf) and appraisal project (CPR
    277 bcf) in onshore France, a joint venture with Vermilion Energy also in
    onshore France; and seven licences offshore Ireland with the potential to host
    gross mean un-risked resources of more than 4 billion barrels oil and 1.5 tcf
    gas across all seven licences.

    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.