Leni Gas and Oil plc Investor Update Neil Ritson 14 August 2014

1. Leni Gas and Oil plc Investor Update Neil Ritson 14 August 2014 London (AIM): LGO

2. Company Profile London Stock Exchange - listed March 2007Producing Oilfields - Trinidad and SpainStaff - 50 (All local)Net Production Capacity - 600 bopd 2P Reserves - 7.6 mmbblsMarket Cap - approx. £90 million London HQ Spain Trinidad

3. London Management and Board of Directors

4. TRINIDAD

5. Current Trinidad Assets • Trinidad Head Office, San Fernando • Goudron IPSC (100%) with 2P reserves of 7.2 mmbbls and over 60 mmbbls of contingent resources associated with a future water flood • Icacos Field in the Cedros Peninsula (50%, non-operator), producing ~35 bopd from three wells • HOA to acquire the Trinity-Inness IPSC from Rex Caribbean • Over 7,500 acres of largely unexplored 100% owned private oil leases in the Cedros and adjacent rights held in partnership with Beach Oilfield Limited

6. Goudron Phase 1 Goudron well GY-257 Reactivated 2012

7. Goudron Phase 2 - Drilling Results to date • Spudded first well, GY-664, on 28 April • Completed well GY-664 on 30 May in 278 feet of Gros Morne • GY-665, TD on 8 June • GY-666, TD on 1 July • GY-667, TD on 30 July • All wells are expected to be Gros Morne production wells • Spudded GY-668 on 9 August drilling ahead in Goudron Sandstone Rig 20 on GY-665, 7 June 2014

8. Well GY-664 • First new well on the field for over 32 years • Drilled from the central camp area • Found 571 feet of net oil pay within 3 reservoirs • Completed over an interval of 278 feet of Gros Morne • Initial flow rate 240 bopd 37 API oil through a 7/32” choke at a flowing pressure of 660 psi • Choked back to 6/32” pressure stable at 540 psi

9. Constrained production rate Production of 240 bopd through a 7/32-inch choke

10. Excellent log characteristics ‘130 foot’ Gros Morne sandstone in GY-667

11. Structure – Top Gros Morne Pad 1 Pad 2

12. Drilling Pad 3 154 294 286 Well 7 • Third new drill site currently under construction • Expect to drill 4 wells • Provisionally 1 Goudron only, 2 Goudron/Gros Morne wells and 1 well to the Lower Cruse • Continue to use Well Services Rig 20 • First well will spud after GY-668 • Wells GY-665 to 668 will be placed on production Well 6 257 152 153 156 290 Well 8 Well 9 386 605

13. Trinity-Inness

14. Trinity-Inness Asset Summary • Petrotrin IPSC field 20 km from Goudron • Current production 140-150 bopd from approx. 25 active wells • Herrera Sandstone at depth of 1,500 – 5,000 feet • Five tank batteries and a 1,500 barrel sales tank • Average 28-38 degree API oil exported directly by pipeline to Pointe-a-Pierre • Approx. 20-30 immediate reactivation targets, and an existing CEC for 12 new wells Installing new well tanks Trinity-Inness sales tank facility

15. Cedros Peninsula

16. LGO Cedros Lease Position Installing new well tanks Beach Oilfield Cedros Leases FRM-1 Deep Well TED 3D Seismic LGO Cedros Leases Icacos Field Bonasse Field Icacos Leases Galpha Point

17. Plans for the Cedros Installing new well tanks • In collaboration with Beach Oilfield and Dr Krishna Persad; re-evaluate all existing data and wells • Acquired a soil geochemistry survey to isolate micro-seepage and areas of fractionated light oil • Plan to fly a high resolution gravity and magnetics survey • Acquire additional 2D seismic data if necessary to define well locations • Drill at least one deep exploration well to test the potential at Herrera Sandstone level Galpha Point Mud Volcano

18. SPAIN Ayoluengo Field, Cantabrian National Park, Spain

19. Future Potential • Enhance production through the side-tracking of existing wells • Development of Hontomin as a low cost satellite using existing 3D seismic and re-entry of existing wells • Development of Tozo as either a micro-Compressed Natural Gas or Gas-to-Wire project • Deepen Ayoluengo to the proven Liassic reservoirs • Sub-lease the unconventional gas exploration potential

20. Financials

21. Revenue: 2010 to 2014E Goudronproductioncoming on line in Q3 2014 Current Production • Portfolio has been repositioned to focus on growth • Acceleration of the development of Trinidad • Spain will be optimised until the extension is confirmed

22. Gross Profit: 2010 to 2014E Goudronproductioncoming on line in Q3 2014 Current Production • In 2013 Gross Profit was broadly flat • Higher Trinidad volumes were partially offset by lower sales in Spain • Gross Profit will rise in 2014 in line with significant growth in volumes

23. Share Price Performance

24. Forward Looking Statements Certain statements in this presentation are “forward looking statements” which are not based on historical facts but rather on the management’s expectations regarding the Company's future growth. These expectations include the results of operations, performance, future capital, other expenditures (amount, nature and sources of funding thereof), competitive advantages, planned exploration and development drilling activity including the results of such drilling activity, business prospects and opportunities. Such statements reflect management's current beliefs and assumptions and are based on information currently available. Forward looking statements involve significant known risks, unknown risks and uncertainties. A number of factors could cause the actual results to differ materially from the results denoted in these statements, including risks associated with vulnerability to general economic market and business conditions, competition, environmental and other regulatory changes, the results of exploration, development drilling and related activities, actions by governmental authorities, the availability of capital markets, reliance on key personnel, uninsured and underinsured losses and other factors, many of which are beyond the control of the Company. Although these statements are based upon what management believes to be reasonable assumptions, the Company cannot assure investors that the actual results will be consistent with these forward looking statements.