Longreach Oil & Gas Limited: Foum Draa Operational Update

JERSEY, CHANNEL ISLANDS--(Marketwired - Dec 23, 2013) -

LONGREACH OIL AND GAS LIMITED (TSX VENTURE: LOI)

TSX-V: LOI

23rd December 2013

                    LONGREACH OIL AND GAS LIMITED

                     Foum Draa Operational Update

LONGREACH OIL AND GAS LIMITED (TSX-V: LOI) (the "Company" or"Longreach"),
an independent oil and gas company focused on Morocco,
notes the Cairn Energy PLC ("Cairn") Operational Update published on
December 20, 2013 regarding the proposed plugging and abandoning of the
FD-1 wildcat exploration well in the Foum Draa licence, offshore
Morocco.

Cairn is the Operator of the block and holds a 50% net operated
interest, San Leon holds 14.17%, Serica holds 8.33% and Longreach holds
2.5%. ONYHM, the Moroccan National Bureau of Petroleum and Mines
continues to hold 25%.

                                -ENDS-

Longreach

Jonathan Morley-Kirk   CFO                +44 203 137 7756

Pelham Bell Pottinger

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


Additional information on Longreach Oil and Gas Limited can be found at
 www.longreachoilandgas.com  or through Longreach's investor relations
agent.

Additional information on Longreach Oil and 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 planned well depth, length of drilling operations,
drilling plans, planned spud date, expected success and benefits from
drilling programme, the performance characteristics of the company's
oil and gas properties and anticipated costs and risks associated with
the drilling programme. 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 inthe
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