Re: Ithaca Energy reserves upgrade

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.

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