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Re: Ithaca Energy reserves upgrade

29 Mar 2012 12:23

RNS Number : 3686A

Lochard Energy Group PLC

29 March 2012

Lochard Energy Group Plc

Re: Ithaca Energy reserves upgrade

Lochard Energy Group Plc ("Lochard" or the "Company") (AIM: LHD, ASX: LHD) notes the announcement made on 29 March 2012 by Ithaca Energy Inc relating to the increased reserves for the Athena project where Proved plus Probable reserves increased approximately 7% from 24.4 mmboe to 26.10 mmboe Gross (2.61 mmboe Net to Zeus) post drilling and completion of the wells on the field. Lochard has a net 10% interest in this field through its 100% ownership of Zeus Petroleum Limited.

- Ends -

For further information, call:

Lochard Energy Group Plc

Haydn Gardner, CEO

+61 8 9335 8848

finnCap Limited

Sarah Wharry / Christopher Raggett

+44 20 7600 1658

FTI Consulting

Edward Westropp / Alex Beagley

+44 20 7269 7207

This information is provided by RNS

The company news service from the London Stock Exchange

END

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