Goudron Pad 4 Testing

For Immediate Release, 7 am

29 June 2015

LGO ENERGY PLC

("LGO" or the "Company")

Goudron Pad 4 Testing, Trinidad

LGO today announces an update to the timing of the testing of the three recently drilled C-sand wells, GY-672, 673 and 674, on drilling Pad 4 at the Goudron Field in Trinidad. Testing continues successfully on well GY-674 and work is underway on well GY-673. Testing on well GY-672 will commence once those operations have been completed. As previously announced on the 17 June 2014, once all three wells have been completed and stable flow rates established, the production from Pad 4 will be announced. This is now anticipated to be in the first half of July.

Neil Ritson, LGO's Chief Executive, commented:

"We are happy with the results to date and have been collecting additional downhole samples which are designed to increase the technical understanding of the reservoir fluids. This work has added a small amount of time to the originally program."

Qualified Person's Statement:

The information contained in this announcement has been reviewed and approved by Neil Ritson, Chief Executive Officer and Director for LGO Energy plc, who has over 35 years of relevant experience in the oil industry. Mr. Ritson is a member of the Society of Petroleum Engineers (SPE), an Active Member of the American Association of Petroleum Geologists (AAPG) and is a Fellow of the Geological Society of London.

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