Longreach Oil & Gas: AIM Admission Update

JERSEY, CHANNEL ISLANDS--(Marketwired - Nov 12, 2013) - Longreach Oil & Gas (TSX VENTURE: LOI)

TSX-V: LOI

12th November 2013

                    LONGREACH OIL AND GAS LIMITED

Longreach Announces Decision Not to Proceed with AIM Admission

LONGREACH OIL & GAS LIMITED (TSX-V: LOI) (the "Company" or"Longreach"), an
independent oil and gas company focused on Morocco,
announced on 27th August 2013 that it was considering a dual listing of
its shares on the AIM Market of the London Stock Exchange. In
conjunction with the listing, it was carrying out a placing which was
well received by new and existing investors but the Board could not
reach a consensus. This is a busy time for the Group with upcoming
operational activities and the decision has been made to re-assess the
most effective Board structure for the Group going forward. The Board
has decidednot to pursue the listing on AIM at this time.

For Further Information:

Longreach

Andrew Benitz        CEO                             +44 20 3137 7756

Pelham Bell Pottinger

Mark Antelme / Philip Dennis / Rollo Crichton-Stuart +44 207 861 3232

Additional information on Longreach Oil & Gas Limited can be found at
 www.longreachoilandgas.com 

Additional information on Longreach Oil & Gas Limited can also be found
at  www.sedar.com 

Special Note Regarding Forwarding Looking Statements


This press release contains forward-looking statements. These
statements relate to future events or the Company's future performance.
All statements other than statements of historical fact are
forward-looking statements. Forward-looking statements are often, but
not always, identified by the use of words such as "may", "will","should",
"expect", "plan", "anticipate", "believe", "estimate","predict", "project",
"potential", "targeting", "intend", "could","might", "continue" or the
negative of these terms or other similar
terms. Forward-looking statements in this press release include, but
are not limited to the Company's future operations.


Forward-looking statements are only predictions. Forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ materially
from those anticipated in such forward-looking statements. Some of the
risks and other factors which could cause results to differ materially
from those expressed in the forward-looking statements contained in
this press release include, but are not limited to: general economic
conditions in Canada, the Kingdom of Morocco and globally; industry
conditions, including fluctuations in the price of oil and gas,
governmental regulation of the oil and gas industry, including
environmental regulation; fluctuation in foreign exchange or interest
rates; risks inherent in oil and gas operations; political risk,
including geological, technical, drilling and processing problems;
unanticipated operating events which could cause commencement of
drilling and production to be delayed; the need to obtain consents and
approvals from industry partners, regulatory authorities and other
third-parties; stock market volatility and market valuations;
competition for, among other things, capital, acquisitions of reserves,
undeveloped land and skilled personnel; incorrect assessments of the
value of acquisitions or resource estimates; any future inability to
obtain additional funding, when required, on acceptable terms or at
all; credit risk; changes in legislation; any unanticipated disputes or
deficiencies related to title matters; dependence on management and key
personnel; and risks associated with operating in and being part of a
joint venture.

Although the forward-looking statements contained in this press release
are based upon assumptions which management of the Company believes to
be reasonable, the Company cannot assure that actual results will be
consistent with its expectations and assumptions. Undue reliance should
not be placed on the forward-looking statements contained in this news
release as there can be no assurance that the plans, intentions or
expectations upon which they are based will occur. These statements
speak only as of the date of this press release, and the Company does
not undertake any obligation to publicly update or revise any
forward-looking statements except as expressly required by applicable
securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.



                    This information is provided by RNS
          The company news service from the London Stock Exchange

END