Appointment of Joint Broker

For Immediate Release, Embargoed until 7 am

5 April 2017

LGO ENERGY PLC

("LGO" or the "Company")

Appointment of Joint Broker

LGO, the AIM listed oil company with reserves, resources and production onshore Trinidad, is pleased to announce that it has appointed VSA Capital ("VSA") as its joint corporate broker with immediate effect.

Neil Ritson, LGO Chairman and Chief Executive, commented:

"We are delighted to team up with VSA who advised us on the recent fundraising in support of the gathering momentum in LGO's Trinidad oil production business. VSA have a proven track record of working successfully with E&P companies to drive shareholder value. Our recent return to development drilling at Goudron and the work we are doing to put the Bonasse Oilfield on production sees us targeting significant production growth in 2017."

Andrew Monk, VSA's Chief Executive, commented:

"VSA will be actively looking at ways to add to the momentum already building in the Company as it repositions itself after the historic difficulties which are now well behind them. VSA have been working with LGO for about 8 weeks and we are beginning to see significantly more interest in LGO's projects in Trinidad."

Beaumont Cornish Limited continues as the Company's joint broker and nominated adviser.

Enquiries: