Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas 19 June 2014 Europa Oil & Gas (Holdings) plc (Europa or the Company) Favourable Holmwood Court of Appeal Decision 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 announce that the Court of Appeal has today dismissed an appeal by the Leith Hill Action Group against the High Court judgment in the Companys favour, in relation to the drilling of an exploratory well at the Holmwood prospect (Holmwood) in the PEDL143 licence in the Weald Basin, Surrey.

Europa holds a 40% interest in PEDL 143 alongside Egdon Resources (38.4%), Altwood Petroleum (1.6%), and Warwick Energy (20%). As a result of the Court of Appeals ruling, the High Court judgment of 25 July 2013, is upheld.

Europas appeal against Surrey County Councils refusal to grant planning permission to drill one exploratory borehole and undertake a short term test for conventional hydrocarbons at the Holmwood prospect will therefore be remitted to the Planning Inspectorate for redetermination.

This may involve a further planning inquiry. Europas CEO, Hugh Mackay said, "We are pleased with the Court of Appeals decision which upholds last years favourable High Court ruling.

With mean gross un-risked prospective resources of 5.6 million barrels of oil, as estimated in a CPR published in June 2012, and a one in three chance of success, we view Holmwood as being one of the best undrilled conventional prospects onshore in the UK.

Holmwood not only has the potential to materially add to Europas existing production from three UK fields, but also to generate significant tax receipts for the UK government over the life of a well. "We look forward to restating our case for a temporary exploratory well at Holmwood later this year, as we look to add to our upcoming onshore UK drilling programme which includes the 2.1mmboe Wressle prospect in July 2014 and the 2.9mmboe Kiln Lane prospect on PEDL 181 in H2 2014.

Along with the imminent delivery of a prospect inventory arising from our own and Kosmos Energys interpretation of the recently acquired 3-D seismic over our two 15% owned offshore Ireland blocks, there will be no shortage of high impact news flow over the coming months, as we look to unlock the value within our portfolio of multistage projects focused on Europe." * * ENDS * * For further information please visit 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 Henrik Persson finnCap Ltd +44 (0) 20 7220 0500 Frank Buhagiar St Brides Media and Finance Ltd +44 (0) 20 7236 1177 Lottie Brocklehurst St Brides Media and Finance 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.

The Company produced 170 boepd in the UK during the first half of the 2013/2014 financial year, generating sufficient revenues to cover corporate overheads and some exploration expenditure.

Its highly prospective exploration projects include the Wressle and Kiln Lane prospects in the UK where wells are due to be drilled this year; 100% owned gas exploration prospect (416 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.
[cid:image002.png@01CECBDD.61F8A860] Frank Buhagiar St Brides Media & Finance Ltd 3 St Michaels Alley, London, EC3V 9DS www.stbridesmedia.co.uk Tel: 0207 236 1177 | Mob: 07788410221 | Twitter: @StBrides1