CERP.L Regulatory News (CERP)

For Immediate Release

 6 April 2016

LGO ENERGY PLC

("LGO" or the "Company")

Update Goudron Workover Program

LGO Energy plc (LSE AIM: LGO) today provides an update on well maintenance and recompletion work plans previously announced on 14 and 31 March 2016, with the mobilization of a second rig to the Goudron Field in Trinidad.

LGO's local subsidiary, Goudron E&P Limited, has mobilized a second workover rig to the field. The Altech-1 rig will be working alongside the existing rig, Altech-2, to deliver an accelerated well maintenance program and various well recompletions, starting with the Goudron Sandstone in well GY-50.

LGO is also considering mobilizing the Company-owned workover rig, Columbus-1, to the field to provide further capacity over the next few months.

Neil Ritson, LGO's Chief Executive, commented:

"As a response to the recently announced reduction in over-riding royalties on Goudron oil and to a firmer oil price, work has begun on accelerating the restoration of production levels at Goudron. This increased activity has seen us require additional rig capacity and I am delighted that we can now report that we have a second rig back in the field."

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