In the spirit of full disclosure, I am not an expert on ring closure reactions. However I do know quite a bit about thermodynamics. And a key part of thermodynamics is dynamics. That is, change. Which means that delta this and delta that only have relevance with respect to the entire process involved.
I have not read the article you linked to (can't access it from home), so can't comment. The figure also doens't mean a whole lot taken out of context. Is that theoretical data or empirical data? Based only what is provided in your post, my impression is that these may be thermodynamical values ONLY for the lactone rings themselves, and do not include other parameters like those I mentioned above. A lot of these "delta whatever of formation" values are determined as enthalpy or entropy with respect to formation from basic standard state starting products (carbon, hydrogen gas, oxygen gas) etc. Taken by themselves, then, they don't mean a whole lot because substances are rarely formed simply by just combining pure elements in their standard states. They're formed by reactions with other complex substances, so heats of formation (and so forth) only have meaning with compared to other heats of formation. And even those kinds of comparisons ignore important solvent events and so forth.
Thermodynamics is only really useful to analyze processes, not static entities. When considering whether formation of a lactone (any lactone) is a favorable process, you have to ask what they're being formed from. Sure, a lactone may have a lot of ring strain and may be a high energy molecule. But it may be perfectly favorable to form one from an even higher energy, less favorable starting material. In other words, while in some processes formation of a 4 member lactone ring may be quite unfavorable, in others it may be favorable. It all depends on the point of origin.
So to say something like "delta G for lactone formation is ALWAYS positive" is an overgeneralization and to ask a question "how can they exist" doesn't mean a whole lot of sense in light of what we know to be fact. The point of fact, obviously, is that lactones DO exist, and since we know thermodynamics is a pretty solid body of scientific laws, doesn't it make sense to conclude that delta G for lactone formation can't always be positive? In other words, the empirical evidence suggests the premise of your argument is wrong, not the argument itself.