Investment case

Europa Oil & Gas offers investors exposure to the upstream oil & gas sector through a balanced portfolio of producing, appraisal and exploration assets across the UK, West Africa and Atlantic Ireland, alongside an experienced management team with extensive sector knowledge and a proven track record of project monetisation.

1

Balanced and diverse portfolio of producing, development, high impact appraisal, and high impact exploration assets

Europa is well-placed to continue its production, development, appraisal and exploration of existing onshore and offshore UK assets, alongside the Company’s projects in Equatorial Guinea and Ireland. The Company is committed to continuing to build on its asset portfolio by adding further exploration and appraisal opportunities which can drive shareholder value in the near term.

2

Near term transformational activity

Over the next 12 months the Company’s high impact 893 BCFe (Pmean) Barracuda prospect will be drilled offshore EG, with an 80% COS a successful well will drive material shareholder value. We continue progressing the farm-out process with our 1.5 TCF (Pmean) infrastructure-led exploration asset Ireland where we are seeking partners for a full carry. Concurrently we are progressing our onshore UK Cloughton gas appraisal asset to secure the necessary approval for drilling.

3

Pivotal role in the energy transition

Gas will continue to play a key role in the energy transition and the main assets that are being progressed by the Company are either gas plays or gas-focused developments. EG-08, FEL 4/19 and Cloughton are all gas projects, added to this the development of Wressle is targeting the gas-rich Penistone Flags reservoir of the field. All projects are close to gas infrastructure so can be brought online relatively quickly and all will supply the UK or European gas market.

Governments and environmental groups alike agree that a key step in achieving net zero goals is to increase domestic gas supply which minimises the transportation and emissions associated with importing hydrocarbons, especially now that the UK gas market is increasingly reliant on high emissions LNG.

4

Robust financial foundations with an experienced Board providing a platform to explore additional E&P opportunities

With no debt, shareholders who supported the recent £4.1m equity raise and continuing profits from production which, due to past investment, continues to be shielded from the Energy Profits Levy (Windfall Tax), Europa is in a position to further develop its existing producing assets and to target value enhancing appraisal opportunities contained in our existing asset portfolio.

The Board and management team at Europa have a history of successfully identifying and monetising new upstream opportunities and the Company is well placed to continue to seek and acquire further assets. Our strategic acquisition focus is on assets that can deliver material shareholder value, contribute to domestic supply and those that utilise existing infrastructure.

We have a clear strategy, a diversified portfolio of assets, and a focus on identifying further opportunities with transformational potential to drive shareholder returns

William Holland, Chief Executive Officer

Source: Europa Oil & Gas (Holdings) plc 2025 Annual Report. Forward-looking statements are subject to risks and uncertainties; this page does not constitute investment advice.

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