CERP.L Regulatory News (CERP)

For Immediate Release

19 November 2010

LENI GAS & OIL PLC

("LGO" or the "Company")

Board Appointment

The Board of LGO is pleased to announce the appointment of Mr. Neil Ritson as Chief Executive Officer with immediate effect. Mr. Ritson has extensive experience in the energy sector with a distinguished record of delivery in exploration technology, exploration discoveries, major construction projects and in M&A transactions.

Mr. Ritson has over 30 years experience working in the energy industry including 23 years with BP plc where he held roles as International Chief Geophysicist and Strategic Business Unit Manager in both Norway and Alaska. In 1999 he was appointed to run the Burlington Resources Inc. businesses in North Africa before becoming Vice President UK in 2001 and VP International in 2003. Mr. Ritson founded an energy sector consultancy business in 2004 before being recruited as Chief Executive Officer of the UK AIM listed company Regal Petroleum plc in July 2006. He resigned from Regal in late 2007 and founded Vanguard Energy. He is also a director of PetroEnergy Limited and Enovation Resources Ltd and the Chairman of Trustees of the Kensington Symphony Orchestra.

David Lenigas, Chairman, commented

"I am delighted to welcome Neil to the Board of LGO as the Company reaches a significant point in its growth including the development of its Spanish assets in partnership with a number of major companies in the sector. The appointment of Neil as CEO brings a wealth of experience and a track record which will greatly enhance our ability to grow production and develop the Company's portfolio.

Neil Ritson, age 54, is or has been a director of the following companies during the previous five years:

He currently holds 5 million ordinary shares of 0.05p each in the Company, representing a holding of 0.54%.

As part of his remuneration, Mr Ritson will receive the following options to subscribe for Ordinary Shares in the Company. These options will vest today and expire on 18 November 2013. 

In addition, Mr Ritson will be granted 20 million ordinary shares upon the Company share price reaching 20 pence prior to 31 December 2012.

There is no further information required to be disclosed in respect of the above appointment pursuant to Schedule Two paragraph (g) of the AIM Rules.

Enquiries:

Leni Gas & Oil plc

David Lenigas, Executive Chairman

Tel +44 (0) 20 7016 5103

Beaumont Cornish Limited

Roland Cornish / Rosalind Hill Abrahams

Tel +44 (0) 20 7628 3396

Mirabaud Securities Limited

Rory Scott

Tel +44 (0) 20 7878 3360

Pelham Bell Pottinger

Mark Antelme

Tel + 44 (0)20 3178 6242

NOTES TO EDITORS

Leni Gas & Oil Plc is an international oil and gas exploration, development and production company headquartered in London, trading on the London Stock Exchange's AIM index. LGO's strategy is to acquire projects and businesses within the oil and gas sector that contain a development premium which can be unlocked through a combination of financial, commercial, and technical expertise.

LGO operates a low risk portfolio of production expansion assets in the US Gulf of Mexico, Spain, Trinidad and Malta with significant play upside using similar strategies to leverage technologies and proven production enhancement techniques. LGO specifically targets near term production with upside exploitation potential and manages its portfolio to ensure all assets have accelerated incremental reserves and production enhancement programs.