30 October 2014

Leni Gas & Oil PLC

("LGO" or the "Company")

LGO Raises £2.3 million for Cedros Peninsula in Trinidad 

LGO today announces that the Company has successfully raised £2.3 million before expenses, by way of the placing of 48,418,167 new ordinary shares ("the Placing Shares") at a placing price of 4.75p per share to assist with accelerating LGO's oil exploration efforts on its various Cedros Licenses in Trinidad including the recently announced airborne gravity survey.

LGO will be participating in the flying the first Full-Tensor Gravity Gradiometry ("FTG") airborne survey over the entirety of the onshore Southern Basin of Trinidad, which has historically produced more than 3 billion barrels of oil.

LGO holds rights to approximately 10,900 gross acres of petroleum leases in the Cedros Peninsula of southwestern Trinidad and is planning a deep (approximately 12,000 feet) exploration well to test the presence of potentially oil bearing Lower Cruse and Herrera Sandstones that have previously been successfully tested by wells offshore in the Soldado complex of oil fields. The en-echelon structures offshore at Soldado have yielded major oil fields up to over 200 million barrels and it is LGO's view that similar structures may lie onshore beneath the Cedros.

Neil Ritson, LGO's Chief Executive, commented:

"The FTG survey marks the next milestone in our extensive program of developing the exploration play in the underexplored Cedros Basin and we look forward to receiving the results in the New Year. "

TVR Statement:

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 7^th November 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 2,716,613,520 ordinary shares in issue.

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 (SPE), an Active Member of the American Association of Petroleum Geologists (AAPG) and is a Fellow of the Geological Society of London.

Enquiries:

Leni Gas & Oil plc

Beaumont Cornish Limited

Old Park Lane Capital Plc

Pelham Bell Pottinger

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