Collaboration with Beach Oilfield Ltd in Trinidad

For Immediate Release, 7am 20 June 2013

LENI GAS AND OIL PLC

("LGO" or the "Company")

Collaboration with Beach Oilfield Limited in Trinidad

LGO today announces the signature of a Letter of Intent ("LOI") with Beach Oilfield Limited ("BOLT"), a private Trinidadian registered company, regarding cross-assignment of interests in the Cedros Peninsula of south western Trinidad and Tobago ("Trinidad").

LGO and BOLT have agreed to work together to explore the deeper horizons below 7,000 feet in their respective acreage located in the south west of Trinidad. BOLT and LGO between them hold rights to over 7,200 gross acres of private petroleum leases which are already productive at shallow horizons; with existing production from the Icacos and Bonasse oilfields. The area is considered to contain a deeper Herrera Sandstone play that has been proven to be productive elsewhere in Trinidad. In the adjacent offshore Soldado area over 750 million barrels of oil have been discovered, however, the equivalent onshore trend is largely unexplored. LGO's 100% owned private leases covering 1,750 acres in the Cedros, that are included in the arrangements, are currently awaiting the grant of a private petroleum licence by the Trinidad and Tobago Ministry of Energy and Energy Affairs ("MOEEA").

The LOI contains provisions for data sharing and for LGO to take a 100% interest in the deep formations within all of BOLT's leases and to assume operatorship. On completion of definitive documents BOLT will receive a consideration in cash and/or LGO shares (at the Company's election) for the assignment of the leases and additional fees for data, including 2D and 3D seismic data, owned by or licensed to BOLT and its affiliate South Western Oil Ltd ("SWOL"). SWOL will also enter into a consultancy services agreement with LGO; notable through the direct assistance of Dr Krishna Persad who is one of Trinidad's preeminent geologists and oil field entrepreneurs. BOLT will retain an overriding royalty interest ("ORRI") in their leases and will be granted an ORRI in the LGO private leases. It is anticipated that final terms will be announced when definitive documentation has been agreed.

After the necessary studies have been conducted LGO plans to drill a deep exploration well to a depth of approximately 15,000 feet within the joint acreage to test the deep Herrera play. It is anticipated that this well commitment, to be fulfilled within 6 years, will be the subject of a farm-out to a major partner when the prospectivity has been more fully defined.

The LGO operated Goudron block covers 2,875 acres and contains an estimated 350 million barrels of proven oil in place whilst the combined Cedros leases under this agreement totals two-and-a-half times that area. This agreement therefore significantly boosts LGO's access to future opportunities in Trinidad.

Completion under the agreements is conditional inter alia upon definitive agreements and on the approval by the MOEEA to assign the private petroleum licences. It is expected that completion will occur after the initial drawdown from the recently announced debt facility with Meridian SEZC; on which excellent progress is being made towards completion of all necessary approvals.

The LOI provides outline terms for (i) the LGO farm-in to the BOLT leases, (ii) data exchange, (iii) consultancy arrangements with SWOL, and (iv) an Area of Mutual Interest between the parties. The terms of these agreements are separately non-binding; however, the LOI provides mutual exclusivity for a period of 120 days from June 11, 2013 for the parties to reach agreement on definitive documentation. Further collaboration in shallow production is also under consideration between the parties which has the potential to add short-term production to LGO.

LGO's Chief Executive, Neil Ritson, said:  "We are delighted to have the opportunity of pooling our resources with a very experienced Trinidadian group. LGO will operate the joint interests in the Cedros which we believe offer an exciting medium-term opportunity to extend the proven oil plays into a very lightly explored area close to proven discoveries offshore in Trinidad and in the nearby Pedernales area of Eastern Venezuela. "

Competent Person's Statement:

The information contained in this announcement has been reviewed and approved by Neil Ritson, Chief Executive Officer and Director for Leni Gas & Oil Plc, who has over 35 years of relevant experience in the oil industry. Mr. Ritson is a member of the Society of Petroleum Engineers, an Active Member of the American Association of Petroleum Geologists and is a Fellow of the Geological Society of London.

Enquiries:

Leni Gas & Oil plc

Beaumont Cornish Limited

Old Park Lane Capital Plc

Shore Capital

Joint Broker +44 (0) 20 7408 4090

Pascal Keane

Jerry Keen (Corporate Broking)

Pelham Bell Pottinger