Funding and New Trinidad producing fields review

25 April 2014

Leni Gas & Oil PLC

("LGO" or the "Company")

Funding and new Trinidad producing oil fields under review.

LGO today announces that the Company has successfully raised £1.375 million before expenses, by way of a placing of 144,736,842 new ordinary shares ("the Placing Shares") at a placing price of 0.95 pence per share.

These funds will be used to assess a number of potentially attractive producing oil fields in Trinidad, which have recently been made available to the Company, and to ensure sufficient working capital is available as we embark on the next expansion phase at Goudron. LGO intends to spud the first of 30 new development wells on the Goudron Field in Trinidad in the next few days.

Neil Ritson, LGO's Chief Executive, commented:

"As we embark on the largest development drilling campaign in the Company's history management are keen to ensure that the Company is well funded, and the right balance is struck with existing short term borrowing arrangements."

It is expected that admission of these Placing Shares on AIM will occur and that trading in the new ordinary shares will commence on AIM on 2nd May 2014. These Placing Shares will rank pari passu in all respects with the Company's existing issued ordinary shares. Subsequent to the issuance of these shares the Company will have 2,409,729,364 ordinary shares in issue.

Enquiries:

Leni Gas & Oil plc

Beaumont Cornish Limited

Old Park Lane Capital Plc

Pelham Bell Pottinger