Leni Gas & Oil PLC

Leni Gas and Oil plc (LGO) have brought together a strong management team, providing experience across evaluation, exploration, development and production of oil and gas assets. The Board has considerable experience in new business development and also in corporate management. The Directors broad collective credentials have enabled LGO to pursue its strategy of delivering growth through acquisition of proven reserves and enhancement of producing assets. The Company seeks to:

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

• 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 to profitability across the entire portfolio

The Company’s primary strategic approach is to identify projects and businesses which contain a development premium which can be unlocked through a combination of financial, commercial and technical expertise.

LGO intends to execute this strategy by investing in a relatively small number of assets where it can apply its resources most effectively.

Since its incorporation in 2006, the Company has been fulfilling this strategy and has invested in a number of oil producing regions of the world. LGO has secured exploration areas in the US Gulf of Mexico, Spain and Trinidad. The Company has invested primarily in areas with a proven track record of production and where there is significant opportunity for further development and to maximize shareholder value.