CERP.L Regulatory News (CERP)

For Immediate Release, 7 am

28 May 2014

Leni Gas & Oil PLC

("LGO" or the "Company")

Goudron Drilling Update

LGO announces that the second of its Goudron development wells, GY-665, was successfully spudded at 14:50 hours (Trinidad time) yesterday and is now drilling ahead.

This well is planned to test Goudron, Gros Morne and Lower Cruse sandstones known to be productive for oil in offset wells. The well is being drilled vertically from a newly constructed well pad from which three later wells will be deviated. The expected total depth of GY-665 is 3,500 feet.

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