Issue of Equity and Total Voting Rights

For immediate release 16 November 2010

LENI GAS & OIL PLC

("The Company")

Equity Placement

Total Voting Rights

Leni Gas and Oil plc (AIM: LGO) the oil and gas production company with assets in Spain, Trinidad, and Gulf of Mexico is pleased to announce that it has raised gross proceeds of £5.5 million in a placing to institutional investors of 183,333,333 new ordinary shares of 0.05p each in the Company at 3p per share ("Placing Shares"). Subsequent to the issuance of these Placing Shares, the Company will have 919,254,965 Ordinary Shares in issue.

Application will be made for the 183,333,333 new ordinary shares to be admitted to trading on AIM and these will rank pari passu with the Company's existing Ordinary Shares.

Dealings on AIM are expected to commence on 29 November 2010.

The funds will be used to accelerate development of the Company's oil activities in Spain, Gulf of Mexico and Trinidad.

Enquiries:

Leni Gas & Oil Plc

David Lenigas Tel: +44 (0)20 7016 5100

Beaumont Cornish

Roland Cornish Tel: +44 (0)20 7628 3396

Rosalind Hill Abrahams Tel: +44 (0)20 7628 3396

ENDS