US$15 million debt funding secured

For Immediate Release

26 June 2013

Leni Gas & Oil PLC

("LGO" or the "Company")

US$15 million Debt Funding Secured

Leni Gas & Oil plc is today pleased to announce that it has secured a 3 year US$10 million debt facility (the "Facility") with YA Global Master SPV Ltd ("Global Master"), one of the potential debt providers currently working with LGO. The first US$2 million has been successfully drawn down. The first draw down carries a twelve month repayment schedule and a fixed coupon of 9%. Global Master has also agreed to increase the debt facility to US$15 million after 60 days, should the Company elect to do so, dependent on certain conditions being met.

This initial US$2m debt draw down, in conjunction with the £1.3 million placing announced earlier this week, will be used towards increasing the Company's oil production operations, predominantly at the Goudron field in Trinidad.

The Facility is designed to be paid back in cash from LGO's oil production operations, but has various options, solely at the election of the Company, to be settled in part or fully in shares. There are no penalties for early repayment and the Facility is designed to be subsidiary to any senior secured debt arrangement.

LGO is continuing to work with Meridian SECZ as previously announced to complete a 5 year US$50 million debt facility which will sit alongside the Global Master facility.

Neil Ritson, the Company's CEO, commented; "LGO now has a facility in place to ensure there is no hiatus in our program of production growth. Our current focus at Goudron is to double the oil sales tank capacity and put on production a further 20 wells for which we have pumps available or on order. Preparations for the drilling of the first of the planned new wells later in 2013 will also be advanced with the available funding."

Enquiries:

Leni Gas & Oil plc

Beaumont Cornish Limited

Old Park Lane Capital Plc

Shore Capital

Joint Broker

Pascal Keane +44 (0) 20 7408 4090

Jerry Keen (Corporate Broking)

Pelham Bell Pottinger