09 April 2010

Director/PDMR Shareholding - William Adamson

The Company received notification today that on 8 April 2010 William Adamson, Chairman of the Company, purchased 50,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 15 pence each. Following this purchase, William Adamson is interested in 50,000 Ordinary Shares representing 0.07 per cent of the issued ordinary share capital of the Company.

For further information, please contact:

Philip Greenhalgh Europa Oil & Gas +44 1235 467362

Lindsay Mair / Toby Gibbs, Astaire Securities +44 20 7448 4400

Jerry Keen (Corporate Broking), Astaire Securities +44 20 7448 4492