Originally, this dub was completely uncut. But the Australian release cut some parts. So it will still be subtitled in some parts. CC Subs can be activated with button at bottom screen. Episode 3 will be uploaded later.

I hope one day someone will be able to get the full dub. Or at least someone make a fandub for the lost parts.

English audio from
http://www.youtube.com/watch?v=kGPkxXxVyNc
Video and Russian audio from
http://www.youtube.com/watch?v=wl8j6RIUWxs
Subtitles from
http://www.youtube.com/watch?v=tYFDU-Gwim4

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The adventures of Lolo the Penguin is a 1988 Japanese-Soviet animated children's movie. (Russian title: Приключения пингвинёнка Лоло / Priklyucheniya pingvinyonka Lolo; Japanese title: 小さなペンギンロロの冒険 / Chīsana Pengin Roro no Bōken). It was co-production between Japan and Soviet Union. The film was originally released as a three-part serial.

The movie tells the tale of Lolo, an Adelaie penguin, from his hatching to his adulthood, and the adventures he goes on. It begins as a sort of penguiny Slice of Life, but about halfway through, it becomes a (still penguiny) adventure story. Through the course of the movie, Lolo makes friends, meets humans, tries to fly, floats away on an iceberg, escapes from a ship, and engages in battle with a group of poachers.

A joint Soviet-Japanese production of the Soyuzmultfilm (USSR) and Livevok Corporation (Japan) Studios, with the participation of Sovinfilm (USSR) and Aist Corporation (Japan).

Some great Lolo the Penguin fan art can be found here:
http://rnj-nj.deviantart.com/favourites/61149217/Lolo-the-Penguin-Fanart