West Firsby Field, England

Europa Oil & Gas (Holdings) PLC 21 February 2005 EUROPA OIL & GAS (HOLDINGS) PLC ('EUROPA') RIG MOBILISED TO WEST FIRSBY FIELD, ENGLAND 21 FEBRUARY 2005 Europa Oil & Gas (Holdings) plc, the independent oil & gas exploration and production group with assets in the UK and continental Europe, is pleased to announce the mobilisation of the BDF Rig 28 to its West Firsby site, Lincolnshire, to drill a new production well in the West Firsby Field. West Firsby, situated 15km north of Lincoln, is currently producing 140bopd, predominantly from Europa's 2004 well, West Firsby-7. West Firsby-8 is targeting undeveloped reserves on the western flank of the field. The field was acquired with funding from Gemini Oil & Gas, who additionally funded drilling and seismic operations. West Firsby-8 will be funded 100% by Europa. The terms of the repayment of the earlier Gemini funding have been revised to take this additional investment by Europa into account. Paul Barrett, Managing Director of Europa, said: 'This is a significant step forward in the re-development of the West Firsby Field. If West Firsby-8 comes in on expectation, we believe there would then be scope for a further western flank production well, for which planning permission has already been granted.' 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 This information is provided by RNS The company news service from the London Stock Exchange