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Licence Update

9th Dec 2009 07:00

Licence Update

The Directors of Europa Oil & Gas (Holdings) plc, wish to announce that the Company has elected not to enter into the second phase of the West Darag exploration licence, Egypt. The Directors have collectively agreed to concentrate the Company's resources on its key core area assets in the UK, Romania and France, building on back-to-back drilling successes in two of these areas.

For further information, please contact:

Paul Barrett Europa Oil & Gas +44 1235 553 266

Jonathan Wright Seymour Pierce +44 20 7107 8000

EUROPA OIL & GAS (HOLDINGS) PLC

Related Shares:

Europa Oil & Gas
FTSE 100 Latest
Value8,474.74
Change-133.74