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LGO Energy plc

T&T Energy Conference

19 January 2016

Neil Ritson

London (AIM): LGOwww.lgo-energy.com

London Stock Exchange - Listed on AIM

Initial Public Offering - 2007

Producing Oilfields - Onshore Trinidad and Spain

12-month production average - 527 bopd - 1,153 bopd*

Active wells - 80 - 86

2P Reserves - 7.1 mmbbls - 11.4 mmbbls

P50 STOOIP - 231 mmbbls - 909 mmbbls

Market Capital (approx.) - £100 million - £8 million*- last published data, 3.11.2015

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Trinidad – 16 employees

Spain – 17 employees

London HQ – 9 employees

January 2016

Company Profile

November 2014

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Board of Directors, Leadership

Non-ExecutiveChairman

Steve HortonHolds a BSc in Mining Engineering and an MBA. He has more than 35 years experience working in the energy industry including 27 years with BP plc where he held executive roles including worldwide Director of Drilling. He co-founded Silverstone Energy Limited in 2005.

Chief ExecutiveOfficer

Neil RitsonHas a BSc in Geophysics. He has worked in the energy sector for over 38 years, initially with BP plc for 23 years before managing the international operations of Burlington Resources Inc. before founding the Vanguard Energy Group where he was Chairman and CEO. With LGO for 5 years.

Chief Operating Officer

Fergus JenkinsIs a Chartered Engineer with a BEng in Mining Engineering and a MEng in Petroleum Engineering. He has over 20 years of experience working in industry, initially in mining before moving to petroleum, where he has worked for Enterprise Oil, LASMO, OMV (UK) Ltd and Afren plc.

Chief Financial Officer

James ThadchanamoorthyHas a degree in Chemistry and is a qualified accountant. He has 20 years’ experience, including over 10 years spent at BP where he held a number of commercial and finance leadership positions.

Non-ExecutiveDirector

Michael DouglasMr. Douglas has worked in the business consultancy sector for 40 years. He was a Managing Partner for PA Consulting and in 1993 Mr. Douglas founded the Quo Group, a consultancy specializing in behavioral change, performance and talent management, and executive coaching.

Trinidad Country Manager

Alex AlmandozHighly experienced drilling and work-over operator. Managing Director of Altech Services since 1994, operating 5 work-over rigs with capability to 8,000 feet. Previously Operations Manager for Terra Mar. Worked with Halliburton on coiled tubing operations from 1987 to 1991.

Health, Safety, Environment and Community

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Installing new well tanks• LGO has operated successfully in a Spanish National Park for over 8 years

• Goudron is located on the edge of the Trinity Hills Wildlife Reserve

• Goudron E&P Limited is Energy Chamber “Safe to Work” (STOW) certificated

• All LGO staff are local employees where they work; UK, Spain, or Trinidad

• LGO strives for international best practise in all its operations

• Seeking solid and constructive engagement with the local communities where we work Goudron Field

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Ayoluengo Field, Cantabrian National Park, Spain

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Ayo-37

Ayoluengo Field

• Owner operator since 2008 of the Ayoluengo oil field in Northern Spain producing over 180 bopd (Sep. 2015)

• Discovered in 1964, developed with 54 wells and a 10,000 barrel per day facility. Currently 14 active wells

• Oil in place 104 mmbbls, recovery to date only about 17%

• Concession renewal due in January 2017, for two 10 year periods

• Profitable operation running in a “care and maintenance” mode pending the concession extension

• We believe there is significant future potential in the field

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Trinidad

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Trinidad Assets

• Trinidad Head Office: San Fernando

• Goudron IPSC (100%) with 2P reserves of 11.4 mmbbls and over 800 mmbbls of oil in place in two reservoirs: Goudron Sands and deeper C-sands. LGO has drilled 15 new C-sand wells since April 2014. All wells intersected significant Goudron sand oil pay

• Icacos Field in the South West Peninsula (SWP) (50%, non-operator), producing ~35 bopd from three wells

• Over 10,500 acres of largely unexplored private oil leases in the SWP and adjacent rights held in partnership with Beach Oilfield Limited (BOLT)

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Typical legacy well (GY-233)

Goudron Field

• Goudron is located in remote rainforest

• Produces light oil (average 38o API)

• Discovered in 1927 the field has a long history, but only limited production volume

• Total of 154 wells were drilled before 1981, mostly by Texaco

• Contract is an Incremental Production Service Contract with Petrotrin

• Export is by pipeline direct to the Petrotrin Point-a-Pierre refinery

• Contract is for 10 years with rolling 5 year renewals (2019)

• LGO was the first company to drill on an IPSC contract and has drilled most wells

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Well GY-664

Recent Activity

• 15 new C-sand wells drilled in 20 months

• Use of modern drilling and completion practices resulting in improved initial production rates

• Measurement while drilling being used for the first time onshore in Trinidad

• Average cost per well reduced to approx. $1.3 million (plus addition data gathering costs)

• C-sand and Goudron Sandstone net oil pay present in every well

• Mixed results from exceptional to disappointing as the understanding of the field has been enhanced

• Additional drilling target available, permits in place for 45 more wells

• Drilling incident experienced with well GY-678;Loss of the wellLoss of downhole equipment (LWD)Loss of production versus plan

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Goudron Sandstone Infill Targets (1 to 10)

• All close to existing infrastructure

• Outside production radius of legacy wells

• Slim-hole design

• Straight hole

• TD between 1,200 and 1,700 feet MD

• Wireline logging

• Columbus Rig #1 or Altech #2

• Drilling time 6-9 days

• Initial cost estimate average $450,000 per well

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The Future: EOR / Water Flood

• Local analogues at Trinity-Inniss, Navette and Beach-Marcelle Fields• Wealth of local experience in Trinidad• Over 60 mmbbls of 3C resources

Source: Challenge Energy 2012

• Collected critical data during recent drilling phase• Cores and pressure data systematically collected• New scoping studies ongoing

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Well GY-664

Gross Oil in Place (STOOIP)

Best Estimate, P50

Historic Field Area

Goudron Sandstone only 112

C-Sands only 125

Consolidated Total 237

Well Constrained Area

Goudron Sandstone only 170

C-Sands only 320

Consolidated Total 490

Upside Area

Goudron Sandstone only 343

C-Sands only 462

Consolidated Total 805

Source: LR Senergy, June 2015

Gross (mmbbls) 1P 2P 3P

Reserves 1.54 11.37 23.58

LR Senergy 2015 CPR

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South West Peninsula

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Installing new well tanks

Rigs & Production facilities exploiting deep potential offshore seen from Cedros coastline

South West Peninsula (SWP)

• In addition to the Icacos Leases (50%), LGO holds rights to over 7,500 acres of other underexplored leases, all within SWP

• All existing data including seismic (2D and 3D), wells and full tensor gravity (FTG) data has been evaluated and the South West Peninsula is believed to hold a number of exciting prospects

• Only one deep well FRM-1 has been drilled which encountered live oil below 10,000 feet

• Acquired a micro-seepage soil survey in 2014, results have encouraging indications for gas and oil entrapment

• Gathered a high resolution gravity and magnetics survey with Petrotrin and the MOEEI

• Drilling targets exist in the Lower Cruse and Herrera Sandstone reservoirs

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Installing new well tanks

Full Tensor Gravity

• LGO sponsored the first ever Full Tensor Gravity survey of onshore and offshore Trinidad (covering 5,700 km2)

• Acquired as a Multi-Client survey by technology world leader ARKeX

• Provides high level of definition away from seismic data

• Proprietary processing and interpretation completed and shows significant unexplored leads

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Installing new well tanks

Galpha Point Mud Volcano

What We Are Looking For …

• On trend with the 500 mmbbls Soldado offshore fields complex

• Blocks of oil saturated Herrera and Lower Cruse Sandstone from 7,000 to 10,000+ feet

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Summary

Summary

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Installing new well tanks• LGO is an experienced and proven onshore operator

• Loss of the GY-678 well and associated equipment and production has lead to a need to refinance LGO’s debt facility

• Operations at Goudron have slowed pending completion of the refinancing, expected in 1Q2016

• Significant opportunities remain, even in a low commodity price environment, to increase production at Goudron

• Longer term options are available in water flooding, SWP exploitation and additional exploration

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Delivering Growth Through theAcquisition of Proven Reserves andEnhancement of Producing Assets

London (AIM): LGOwww.lgo-energy.com

Thank You