.

Notification of Interest in Shares

Director Share Purchase

Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration and
development company with a combination of producing and exploration assets in
Europe, announces that Hugh Mackay, CEO of the Company, has today acquired
545,880 ordinary shares of 1 pence each in the Company (`Ordinary Shares') at a
price of 8.2 pence each.

Following this purchase, Hugh is interested in 2,340,883 Ordinary Shares
representing 1.14 per cent of the issued ordinary share capital of the Company.

**ENDS**

Northland Capital Buy 8.63 8.88 - 10.40 Reiterates

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StockMarketWire.com
Europa Oil & Gas posts a pre-tax loss of £1.4m for the six months to the end of January against a profit of £0.5m last time.

The loss before field impairments was £0.3m.

Revenues fell to £1.3m from £2.1m and net cash generation from operatioins was £0.2m - down from £0.6m last time.

Chief executive Hugh Mackay said: "We are confident the momentum that has been established across our portfolio of multistage projects will be maintained in the second half of 2015 and beyond: a CPR on our Irish and UK licences; an extended well test on the Wressle discovery that may lead to a fast track development; and the results of our applications in the 14th UK onshore licensing round are anticipated following the general election. In addition, we are working with our new farm-in partner and operator Vermilion Energy to advance our Tarbes permit in onshore France and the farm-out of our Bearn des Gaves permit onshore France is ongoing.

"Outside our existing portfolio, we are evaluating a number of new opportunities, as we look to leverage our proven technical expertise to generate significant value for shareholders. This is precisely what we have done with our Irish licences, which our partner Kosmos Energy estimates have gross mean un-risked prospective resources of up to 1.5 billion barrels of oil.

"We are intent on building the very high reward component of our portfolio. Our recent technical work indicates that there is substantial exploration upside in the Porcupine Basin and we will be bidding for new licences in the 2015 Irish Atlantic Margin licensing round."

Analysis by finnCap's analyst Dr Dougie Youngson; listen to his interview here