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 £2.053 million (2008:0.552 million), mainly attributable to impairment charge of £1.670 million relating to write down of Hungary Investments.

Financials
Annual Accounts December 2009Interim 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                         695,921,632
Outstanding options                            032,300,000
Outstanding warrants                         103,863,906

Total shares on issue
(fully diluted)                                        832,085,538

Listings

Leni Gas and Oil plc is currently listed on FTSE AIM All-Share the Company\\\'s shares are also traded on Plus Markets.


Market Capitalisation

Market Capitalisation based on the current share price as at 30th July 2010 (1.99 pence) is £12.04 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