Leni Gas and Oil’s losses widen

Aim-listed Leni Gas and Oil yesterday unveiled a rise in pre-tax losses to £1.4m for the first half of the year, compared to £971,000 in the first half of 2012. The oil and gas explorer attributed this to higher costs from the development of the Goudron asset in Trinidad and one-off costs from fighting the court battle against rival Mediterranean Oil and Gas, over Leni’s sale of exploration assets off the coast of Malta.