Goudron Pad 5 Drilling Update, Trinidad

For Immediate Release

15 June 2015

LGO ENERGY PLC

("LGO" or the "Company")

Goudron Pad 5 Drilling Update, Trinidad

LGO is today pleased to confirm that well GY-675, its 12th new development well in its flagship Goudron field development, has been successfully spudded and the well is drilling ahead at a depth of over 100 feet.

GY-675, which is planned to be drilled to a total depth of 3,700 feet MD (3,450 feet TVD), is again targeting a C-sand reservoir interval and the top Gros Morne sandstone upper C-sand) is anticipated at a depth of 1,900 feet MD (1,700 feet TVD).

Neil Ritson, LGO's Chief Executive, commented:

"The rig is now on drilling Pad 5 and we are expecting to drill four wells from this pad. Simultaneously we are commencing completion operations on the last three wells of the program at Pad 4 and expect to report on those shortly."

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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