Description

Leni Gas and Oil plc is an international oil and gas exploration, development and production company headquartered in London, trading on the FTSE AIM All-Share. The Company has assets in the US Gulf of Mexico, Spain, Trinidad, Hungary and Malta. LGO’s strategy is to deliver growth through the acquisition of proven reserves and the enhancement of producing assets in low risk countries.


History

Incorporated on 9 August 2006, LGO was admitted to AIM in March 2007 and raised approximately £3.85 million at a price of 3p per ordinary share. Since then, the Company has made significant progress towards creating a portfolio of quality hydrocarbon assets.

Operations

Financial Results

Interim Accounts 30/08/08
Pre-tax Group Loss of £40,000, mainly attributable to a non cash item of £548,000 relating to share options

Financials
Interim Report June 2009Annual Accounts December 2008Interim Report August 2008Interim Report February 2008Annual Accounts August 2007

Shares In Issue

Shares on issue                      Number of Shares

Total shares on issue                          608,254,965
Outstanding options                            032,300,000
Outstanding warrants                         103,863,906

Total shares on issue
(fully diluted)                                      744,418,871

Listings

Leni Gas and Oil plc is currently listed on FTSE AIM All-Share


Market Capitalisation

Market Capitalisation based on the current share price as at 1st September 2008 (6 pence) is £36.5 million

Employees

Leni Gas and Oil Group employ the following number of people at each of the operational areas in addition to consultants and subcontractors:

UK:         04     Trinidad:   0
SPAIN:   14     Hungary:   0