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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Lekoil Limited | LSE:LEK | London | Ordinary Share | KYG5462G1073 | ORD USD0.00005 (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.95 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.95 | GBX |
Lekoil (LEK) Share Charts1 Year Lekoil Chart |
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1 Month Lekoil Chart |
Intraday Lekoil Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 18/3/2023 | 09:44 | LEKOIL PLC * - Penny Share with Multi Billion Barrel Potential | 9,408 |
| 02/9/2021 | 16:59 | LEK - Oil Heading for $9 - $10 per Barrel According to BNP Paribas | 19 |
| 02/1/2020 | 16:13 | Lekoil PLC | 330 |
| 25/8/2013 | 21:02 | Lekoil | 24 |
| 13/8/2013 | 22:54 | Lekoil Charts | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 18/3/2023 09:44 by technowiz new ticker code FNKthread moved to: |
Posted at 08/12/2022 07:46 by bri15 Do LEK shareholders get anything? i can't make head or tail of it |
Posted at 26/7/2022 09:44 by technowiz trading again. what is share price any1 know? |
Posted at 16/5/2022 06:16 by technowiz Notice of application for admission to the Aquis Stock Exchange and Cancellation of Admission to trading on AIM.LEKOIL (AIM: LEK), announces that it has applied for admission of its Ordinary Shares to trading on the Access segment of the AQSE Growth Market operated by the Aquis Stock Exchange (AQSE). It is expected that admission will occur on 18 May 2022 and that trading will commence on AQSE as soon as the audited accounts for the Company are released to the market, expected to be by the end of June 2022. never heard of AQSE. Any traded shares on this exchange before and if so through which brokers? |
Posted at 07/4/2022 11:47 by technowiz RNS Number : 6763HLekoil Limited 07 April 2022 7 April 2022 Lekoil Limited ("LEKOIL" or the "Company") Cayman winding up petition LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, notes that further to the announcement of 6 April 2022 related to the Nigeria court process, it has received a winding up petition for the Company filed by Mr. Akinyanmi (the "Petition"). The Petition is based on alleged "oppressive conduct" by the Company, its directors and certain shareholders in "seeking to engineer a takeover of the Company" and in breaching certain intercompany financing and management agreements. The Company will take appropriate legal advice so it can defend the claim. Further announcements will be made as appropriate. Anthony Hawkins, the Company's Interim Executive Chairman commented: "The Company will take the appropriate legal steps to defend the Company from the Petition, which it considers unmerited and without foundation. We note that Mr. Akinyanmi's previous ex-parte injunction, which addressed similar issues, was discharged by the Cayman Court and that Mr. Akinyami has not, to date, progressed further with that claim. This winding up petition, also by Mr. Akinyanmi, is at odds with the public statements of Lekoil Nigeria (of which he is CEO) that it wishes to act in the best interests of shareholders. Instead, by way of this petition, Mr. Akinyanmi wishes to wind up the Company, the effect of which would clearly be detrimental to the Company's shareholders. As such, the Company will vigorously defend the claim, continue with the work necessary to have the Company's shares unsuspended and continue with the steps necessary to recover its investments in the Lekoil Group." |
Posted at 16/3/2022 20:01 by technowiz Injunction Update and Suspension of Share OffersMarch 15, 2022 Accordingly, pending clarification of the status of the legality of the actions undertaken by the Board of Lekoil Limited and the company's resulting shareholding structure, the Board of Lekoil Nigeria has taken the decision to suspend its offers to shareholders of Lekoil Limited. hxxps://lekoil.com/n not checked on my broker account at ii but that means the 1.9p offer is a no goer for now. II holdings: SAVANNAH ENERGY INVESTMENTS LIMITED 23.7% as of 16-mar-2022 Hadron Capital (Cayman) Limited. Grand Cayman, Cayman Islands 6.07% as of 16-mar-2022 LEKOIL NIGERIA LIMITED 11.35% as of 28-feb-2022 total 41.12% any more to add? |
Posted at 11/3/2022 16:57 by technowiz 11 March 2022Lekoil Limited ("LEKOIL" or the "Company") Convertible Facility Agreements conversion election - Total Voting Rights LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, provides an update further to the Company's announcement of 28 February 2022, in respect of the Amended & Restated CFA1 ("CFA 1"), the Savannah Convertible Facility Agreement ("CFA 2") and the Tripartite Agreements. The Company notes that the lenders under CFA 1 and CFA 2 have now elected to convert all or part of their Outstanding Amounts into fully paid ordinary shares of the Company ("Shares") as follows: Amended & Restated CFA1 - Lenders 42,000,000 Shares ("CFA1 Shares") CFA 2 Lender 157,134,400 Shares ("CFA2 Shares") The Company has now completed the allotment and issuance of the Shares pursuant to those elections. Following the issuance of the Shares, there are no Outstanding Amounts under CFA 1 and the Outstanding Amount under CFA 2 is £100,000. Pursuant to the Tripartite Agreements, the Company has also completed the allotment and issuance of 22,863,356 Shares (the "Tripartite Agreement Shares") to satisfy the obligations thereunder. As trading in the Company's Shares remain suspended, application is not currently being made for the CFA1 Shares, CFA2 Shares and Tripartite Agreement Shares issued today, to be admitted to trading on AIM ('Admission'). whats it all mean then for us shareholders? |
Posted at 05/3/2022 10:28 by irexit Savannah . Who are they? They are a vulture fund. They charge massive lending fees and at least 25% compound fees.Companies who use them cannot raise funds, so Savannah is a lender of last resort for desperate borrowers.Desperate Directors of Lek are trying to raise cash to pay Judgments against Lek and legal fees incurred.So, how can we remove the Directors of Lek who are not acting in the best interest of the company.Lek shares if listed are valued well in excess of 15 p given oil demand and the present price of oil. Savannah are in a process , if the share deal proceeds will make 10 million. Can we guess who will be the main beneficiaries???Fing |
Posted at 17/12/2020 13:27 by ianio5691 Interesting letter....Doesn't seem unreasonable either. Current BoD certainly not acting in shareholders interests......: Dear fellow shareholders, Metallon Corporation Limited (“MetallonR Metallon is a private natural resources and infrastructure company focused on investing in Africa with a long-term investment horizon. We are the largest shareholder in Lekoil with a 15.10% interest in the Company’s shares. Metallon is categorically not seeking to take control of Lekoil and is not working in concert with any other shareholders. We believe Lekoil’s assets, specifically Otakikpo, are being substantially undervalued by the market and that the value of these assets could be realised if the proposed changes are made to the Lekoil Board. Since notice of the requisition was given on 19 November, we are aware that a significant number of shareholders have the same concerns regarding the Board’s lack of governance and oversight of management. Furthermore, Metallon is aware that historically shareholders have tried to strengthen the Board and Lekoil has continually found ways to avoid the necessary changes needed to ensure the Board is truly independent from the CEO. Since our submission we have engaged with the Board to seek the appointment of the nominated directors without the Company incurring the costs of an EGM. However, the Board was unable to reach a decision on the proposed appointments, although we understand that it was broadly supportive of such appointments. We believe the Board has been poorly advised by third parties aimed at highlighting problems, rather than seeking solutions and a stronger more experienced Board would reduce the likelihood of such situations arising in the future. We are very concerned that - underlying the incorrect accusations around a takeover - there is simply a lack of desire by certain Directors to have a Board with proper governance structures and oversight of management. Our concerns: 1. A lack of accountability of management by the Board has led to shareholder value being destroyed a. Lekoil has raised over US$264m of equity from shareholders since listing in 2013. The Company’s shares were suspended on 23 November 2020 with a market cap of US$13m. b. During this period Lekoil has spent US$129m on G&A and invested US$210m into Oil & Gas activities but delivered no production growth at Otakikpo since first oil in 2017. c. The Board has continually missed the market expectations it sets, with production levels at Otakikpo averaging 5,676 barrels of oil per day (“BOPD”) (gross) in H1 2020, despite setting targets of 10,000 BOPD by 2017 year-end and 20,000 BOPD in 2020. Otakikpo, its only asset generating returns, has been starved of investment whilst G&A and other costs remain at extremely elevated levels. d. Since its listing, the Board has awarded the CEO a total remuneration of over US$10m, close to the current market capitalisation of Lekoil. It also recently entered into a related party transaction to extend a material part of the longstanding US$1.8m Directors loan to the CEO at a time when the Company is short of cash. 2. Corporate governance failures by the Board a. The entry into a US$187m fake loan agreement in January 2020 was an embarrassment for everyone involved from management to the Board. Lekoil paid US$450,000 of fees to a fake intermediary in the process. Inadequate Board oversight and a lack of management accountability are directly responsible for this situation occurring. b. The Board promised in March 2020 “to improve its standards of corporate governance”. However, we understand the extension of the Director loan to the CEO did not follow the correct process under the AIM rules and ignored a very clear message from shareholders to the Board, via the previous NOMAD. Ignoring shareholders’ views is an extremely concerning position for a Board to take and raises questions of its independence. We understand the Board extended the loan, without obtaining a fair and reasonable confirmation. We note the CEO’s current interest in the Company’s shares. Metallon will separately raise this issue of non-compliance with AIM Regulation. c. We are concerned by the Board’s loose interpretation of the dissemination of price sensitive information in relation to notice of the requisition delivered on 19 November 2020 that was only announced to the market four days later. d. We sought to impose additional restrictions on the Board in relation to the steps it can take pending a full review of its governance procedures. The Board has – in our opinion – wrongfully rejected this proposed resolution and has not included it within the notice of EGM. This is further evidence of the Board’s blatant disregard for the valid views of shareholders. e. We are aware of other shareholders in the last six months seeking to strengthen the board with one of the candidates that Metallon has proposed, given their outstanding track record operating in the region. The Board did not adequately engage with shareholders and avoided making any changes leading us to believe there is a desire by certain Directors to avoid both the Board and management team being held to account. Conclusion and next steps Metallon believes the poor governance and excessive approach to spending at Lekoil has to stop now. The Board has categorically failed in its duty to oversee the actions of the Executive team and implement best practice governance to the detriment of all shareholders. We believe the Board would greatly benefit from the addition Michael Ajukwu and George Maxwell as independent non-executive directors and Thomas Richardson as a non-independent non-executive director representing Metallon, to provide the relevant governance, competence and oversight to ensurethat the Executive team is held to account. We strongly urge all shareholders to support these proposals by voting FOR the resolutions. For further information please email Georgia.edmonds@cama Sincerely, Metallon Corporation Limited |
Posted at 08/3/2020 23:34 by nash81 oil down yes.however, our mcap is very low vs the money coming in next few days for 7m, as is valuing our oil assets at very tiny valuation already. so, i expect once we get confirmation money received, LEK share price should be multiple from here. |
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