Longreach Oil and Gas Limited - Drilling Commences on Kamar-1 Well at Sidi Moktar

  Longreach Oil and Gas Limited - Drilling Commences on Kamar-1 Well at Sidi
                                    Moktar

  PR Newswire

  SAINT HELIER, Jersey, March 21, 2014

SAINT HELIER, Jersey, March 21, 2014 /PRNewswire/ --



LONGREACH OIL AND GAS LIMITED (TSX-V: LOI) (the "Company" or "Longreach"), an
independent oil and gas company focused on Morocco, is pleased to announce
that the onshore drilling of the Kamar-1 well on the Company's operated Sidi
Moktar exploration licence area in Morocco has now commenced, using the Saipem
Drillmec Mas 7000 rig.

The Kamar-1 well has a planned Total Depth of 3,500m and operations are
anticipated to take approximately 70 days. The Kamar prospect is targeting a
Lower Liassic reservoir and Triassic clastic reservoirs.

Longreach is the operator with a 50% interest in the exploration license at
the Sidi Moktar onshore license area, alongside its partners ONHYM and MPE,
each with a 25% carried interest.

About Longreach

Longreach is an independent oil and gas company focused on its significant
land position in Morocco. The Company has a 50% operated interest in the Sidi
Moktar license area covering 2,683 square kilometeres and is working closely
with ONHYM as a committed long-term partner to unlock the hydrocarbon
potential of the region. Morocco offers a politically stable environment to
work within and has extremely favourable fiscal terms to energy producers.
Longreach is a public company listed on the TSX Venture Exchange under the
symbol "LOI".

Additional information about the Company can be found at
http://www.longreachoilandgas.com and under the Company's SEDAR profile at
http://www.sedar.com.

Special Note Regarding Forward Looking Statements

This press release contains forward-looking statements. Such forward-looking
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, statements regarding the anticipated timing
of the completion of, and the reservoirs targeted by, the drilling of the
Kamar-1 well. 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; risks inherent in oil and gas operations; political
risk, including geological, technical, drilling and processing problems;
unanticipated operating events which could cause drilling to be delayed; any
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 factors and 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. Material factors and
assumptions which management of the Company has considered in connection with
making the forward-looking statements in this press release include that the
drilling of the Kamar-1 well will be completed as expected without material
complications. 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 the 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.

For further information:Martin Arch Chief Financial Officer and Secretary Tel:
+44(0)203-137-7756 march@longreachoilandgas.com
 
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