“Delivering growth through acquisition of proven reserves and enhancement of producing assets”

Leni Gas and Oil plc has brought together a management team of individuals with a wide range of skills and experience including evaluation, exploration, development and production of oil and gas assets, asset acquisition and divestment and corporate management. The Directors believe that their broad collective experience together with the support of consultant experts in the areas of evaluation and exploitation will enable the Company to achieve its objectives.

• Establish a portfolio of proven reserves and producing assets in low risk countries with
   significant development and enhancement potential

• Identify and acquire underexploited projects, and implement both proven and leading
   edge oilfield technologies to maximise exploitation

• Leverage the management’s extensive expertise in the oil and gas sector to convert acquisition
   opportunities providing collective and individual asset profitability across the entire portfolio

The Company’s primary strategic approach will be to identify projects and businesses which may contain a development premium which can be unlocked through a combination of financial, commercial and technical expertise. The Company intends to draw on a network of independent experts to assist in evaluating investments to ensure development success.

LGO intends to execute this strategy by investing in a relatively small number of assets. This strategy will allow the Company to be an active investor, and accordingly, may seek participation in the management or board of directors of a company in which it invests.

Since its incorporation in 9 August 2006, the Company has been fulfilling this strategy and investing in acreage in a number of the prime oil producing regions of the world. LGO has secured exploration areas in the US Gulf of Mexico, Spain, Trinidad, Hungary and Malta. All geographical regions in which the Company has invested an interest have proven track records in the production of hydrocarbons and represent a great opportunity to further develop and maximize shareholder value.