2009-04-16-2009-04-16-2009-04-16

Bought Ship Shoal 202 lease in GOM.

Leed Petroleum plc, Lafayette, La., (London Aim: LDP) has acquired Ship Shoal Block 202 from Mariner Energy Inc., Houston, (NYSE: ME) for US$150,000. The Ship Shoal 202 lease is approximately 20.23 square kilometers with four years remaining on its current primary term, which Leed intends to develop. It is adjacent to Ship Shoal 201, also owned and operated by Leed. As part of an area of mutual interest agreement with privately-held, Australian-based Byron Energy Pty. Ltd., Byron will have the right to acquire up to 25% interest.