Exercise of Warrants and Total Voting Rights

For Immediate Release

7 July 2014

Leni Gas & Oil PLC

("LGO" or the "Company")

Exercise of Warrants and Total Voting Rights

LGO today announces that it has received notices of the exercise of warrants (the "Exercise") to subscribe for a total of 57,465,989 new ordinary shares in the Company (the "New Ordinary Shares"). The exercise prices of the warrants are 3,200,000 at 2 pence and 54,265,989 at an average price of 1.167 pence. The total additional funds that have been received by the Company are £697,379.

Dutchess Opportunity Cayman Fund Limited has exercised the remainder of their rights by purchasing 3,200,000 shares in the Company at a price of 2p per share. These rights were granted under the Equity Line Facility announced nearly 4 years ago on 3 October 2011 and subsequently terminated a year later on 12 November 2012 following the successful acquisition of the Goudron Field.

YA Global Master SPV Ltd have exercised their rights to purchase 54,265,989 shares in the Company at an average price of 1.167p per share under an arrangement pursuant to the loan agreement announced 26 June 2013. Funding under this bridging loan has been successfully deployed to the ongoing development of the Goudron Field.

Application has been made for the New Ordinary Shares to be admitted to trading on AIM and it is anticipated that trading in the New Ordinary Shares will commence on or around 11 July 2014. These Shares will rank pari passu in all respects with the Company's existing issued ordinary shares.

Following the issue of these new shares the Company's issued share capital will consist of 2,468,195,353 ordinary shares with a nominal value of 0.05p each with voting rights ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury.

The above figure of 2,468,195,353 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Enquiries:

Leni Gas & Oil plc

Beaumont Cornish Limited

Old Park Lane Capital Plc

Bell Pottinger