Nodding Donkey plc
                                ("the Company")

           Interim results for the six months ended 31 October 2014

CHAIRMAN'S STATEMENT

Since my last report to shareholders at the end of September 2014, the Company
has been proactively engaged in ensuring its pending licence applications in
Botswana are granted at the earliest opportunity. To this end, meetings with
officials at the Ministry of Mines have taken place, and we are hopeful that
one or more licences will be granted in the near future.

In line with its obligation for the acquisition of 85% of Tamboran Botswana
(Pty) Ltd, through the Company's 86.95% owned subsidiary, Equatorial Oil & Gas
plc, the Company has settled its initial payment of $10,000 to Tamboran
Resources Ltd, leaving a second and final payment of $10,000 due to Tamboran
Resources Ltd by 31 December 2015.

FINANCIALS

The financial results for the six months to 31 October 2014 show a loss after
taxation of £49,000 (2013: -£290,000).

OUTLOOK

The Company is dependent on the granting of one or more of its licence
applications in Botswana to enable it to start making meaningful progress with
its operations. We remain optimistic that progress on this front will be made
in the near future, but in the meantime we have been active in meeting
investors and stakeholders.

We remain optimistic about our future in Botswana, and look forward to
reporting progress in the coming weeks.

Conrad Windham
Chairman

29 January 2015

The directors of Nodding Donkey are responsible for the contents of this
announcement.

ENQUIRIES:

Company
Conrad Windham
020 3130 0674

Corporate Adviser
Peterhouse Corporate Finance Limited
Guy Miller and Mark Anwyl
Telephone: 020 7220 9796


Nodding Donkey plc
Profit and Loss Account
for the six months ended 31 October 2014

                                              6 months     6 months
                                              ended 31     ended 31
                                          October 2014 October 2013
                                         (unaudited) £  (unaudited)
                                                 '000         £'000

Turnover                                             6         (92)

Administrative expenses                           (55)        (117)

Operating loss                                    (49)        (209)


Profit/(loss) on ordinary activities              (49)        (209)
before taxation

Tax on profit/(loss) on ordinary                     -            -
activities

Profit/(loss) on ordinary activities              (49)        (209)
after taxation

Retained profit/(loss) for the period             (49)        (209)

Profit/(loss) per ordinary share              (0.035p)     (0.269p)

The profit and loss account has been prepared on the basis that all operations
are continuing operations. All recognised gains or losses are dealt with
through the profit and loss account. Nodding Donkey plc

Balance Sheet
as at 31 October 2014


                                            31 October   31 October
                                                  2014         2013
                                           (unaudited)  (unaudited)
                                                 £'000        £'000

Fixed assets

Intangible                                         140


Current assets

Investments                                          1           63

Debtors                                             25           14

Cash at bank and in hand                            45            3

                                                    71           80


Creditors: amounts falling due within one         (25)          (7)
year

Net current assets                                  46           73

Total assets less current liabilities              186           73


Net assets                                         186           73


Capital and reserves

Issued share capital                               357          362

Share Premium                                      396          242

Capital Reserve                                      1           23

Profit and loss account                          (570)        (554)

Minority interest                                    2


Equity shareholders funds                          186           73



Nodding Donkey plc
Cash Flow Statement
for the six months ended 31 October 2014



                                  6 months ended   6 months ended
                                 31 October 2014  31 October 2013
                                     (unaudited)      (unaudited)
                                           £'000            £'000



Net cash inflow/(outflow) from              (58)            (117)
operating activities

Payments to acquire investments                -                1


Financing                                                      68


Issue of ordinary share capital              100                0

(Decrease) increase in cash                   42             (48)



Nodding Donkey plc

Notes to the Interim Results

 1. The interim results are unaudited and do not constitute statutory accounts
    within the meaning of section 240 of the Companies Act 1985 and have not been
    reviewed by the Company's auditors.

 2. Profit per share

    The profit per share for the six months ended 31 October 2014 has been
    calculated on the basis of the loss after taxation for the period of £49,000
    and the weighted average number of shares in issue during the period of
    139,878,320.

 3. The directors do not propose to pay a dividend for the period.