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Completion of Seismic Programme

JERSEY, CHANNEL ISLANDS -- (Marketwire) -- 02/18/13 -- LONGREACH OIL AND GAS LIMITED (TSX VENTURE: LOI)


TSX VENTURE: LOI

18 February 2013



LONGREACH OIL AND GAS LIMITED

Completion of Seismic Programme in Sidi Moktar

LONGREACH OIL AND GAS LIMITED (TSX-V: LOI) ("Longreach"), an
independent oil and gas company holding exploration and near term
development licences in Morocco, is pleased to announce it has
completed its 2D seismic programme on the operated Sidi Moktar Licence,
onshore Morocco, on time and in budget.

520 km of high quality seismic data were acquired in 47 lines over the
portfolio of prospects and leads in fulfilment of the Licence
commitment of 500km.

Priority lines, over Longreach's drill-ready targets, Koba and Kamar,
have been processed by Key Seismic in Calgary using the processing
sequence and parameters determined by Longreach during the extensive
reprocessing project completed in 2012. The priority lines are being
incorporated into the Company's interpretation to finalise the well
locations for the 2013 drilling programme.

In addition, the survey was designed to high-grade and promote existing
leads to prospect status.

The survey was conducted by Prospectiuni in compliance with the
approved Environmental Impact Assessment to the highest international
HSE standards.

Commenting, Andrew Benitz, CEO of Longreach, said:"With this seismic
programme complete, we are now looking ahead to
drilling our first well on the Sidi Moktar Licence in the next few
months. This is an extremely exciting time for the Company, with a
well-funded multi well work programme ahead of it".

-ENDS-







For Further Information:

Longreach

Andrew Benitz                              CEO       +44 20 3137 7759

Pelham Bell Pottinger

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




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

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 the completion of evaluations and processing and
interpretation of data, the performance characteristics of the
Company's oil and gas properties, capital expenditure programs,
drilling plans, and realization of the anticipated benefits of
acquisitions.

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;
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

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http://www.rns.com

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