CERP.L Regulatory News (CERP)

For Immediate Release

10 October 2014

Leni Gas & Oil PLC

("LGO" or the "Company")

Goudron Update, Trinidad

LGO is pleased to announce that yesterday it made the first sale from the newly commissioned sales tank at the Goudron Field. A total of 1,886 barrels of crude oil were shipped from the new sales tank to the Pointe-a-Pierre refinery.

Neil Ritson, LGO Chief Executive, commented:

"A further milestone in field operations was reached yesterday with the first oil sale from the newly commissioned 2,000 barrel facilities. Production from the field can now be raised without any further immediate constrains imposed by the sales infrastructure."

Previous maximum daily sales were limited to around 750 barrels and the new infrastructure will be capable of handling oil sales through the remainder of 2014 and to mid-2015 when a Lease Automatic Custody Transfer (LACT) meter is expected to be installed to handle higher sales volumes as production continues to ramp up with the ongoing drilling program.

Optimization of the flow rates from the four wells now producing on Pad 2 (GY-665 to GY-668) will now continue unconstrained by facilities throughput. This process of optimization is expected to take approximately two weeks to complete.

Drilling at well GY-669, the sixth of the planned 30 wells, is continuing on prognosis in the Goudron Sandstones after setting a steel casing at 395 feet measured depth. Well GY-669 has been designed with three steel casing strings in order to better manage pressure differences in the subsurface formations and to ensure that the primary Gros Morne reservoir is drilling in an optimal fashion. The previous five wells were drilled with a two casing design. Following the excellent production results obtained in the wells to date it has been deemed justified to further optimize the well design to achieve ideal drilling conditions and future production potential at the Gros Morne Sandstone. The new well design will be used in all future wells that target the Gros Morne as a primary reservoir.

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