We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| 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 | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.95 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMLEK
RNS Number : 9338Y
Lekoil Limited
14 May 2019
The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
14 May 2019
LEKOIL Limited
("Lekoil" or the "Company")
Update on OPL 310 Licence
Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa more generally, announces that further to the announcement, of 28 March 2019, the Company advises that it has received correspondence by letter (the "Letter") from the Ministry of Petroleum Resources relating to an application for an extension (re-award) to the OPL 310 licence. Further background detail on OPL 310 can be found in the 28 March 2019 announcement and on the Company's website.
The Letter notes that the OPL 310 licence expired on 10 February 2019 and ownership of OPL 310 has accordingly reverted to the Government in line with Petroleum Act. The Letter further sets out that the re-award will not be considered by the Honourable Minister of Petroleum Resources ("HMPR") until such point as the suit filed by Lekoil against the HMPR is withdrawn by Lekoil and other parties to the action. Failure by Lekoil and others to withdraw the suit within thirty (30) days of the Letter, which was dated 8 May 2019, but received by Lekoil on 13 May 2019, forecloses any consideration of re-award to Optimum Petroleum Development Limited, Lekoil and their affiliates or subsidiaries.
The Company has decided to withdraw legal action. The Company will also continue engagements with the regulator and Optimum Petroleum Development Company Limited, the operator of OPL 310, to conclude agreements and resolve all outstanding issues. Further updates will be provided as and when necessary.
For further information, please visit www.lekoil.com or contact:
Lekoil Limited Alfred Castaneda, Investor Relations +44 20 7920 3150 Strand Hanson Limited (Financial & Nominated Adviser) James Harris / James Spinney / Ritchie Balmer +44 20 7409 3494 Mirabaud Securities LLP (Joint Broker) +44 20 7878 3362 / +44 20 7878 Peter Krens / Edward Haig-Thomas 3447 Numis Securities (Joint Broker) John Prior / Ben Stoop +44 20 7260 1000 Tavistock (Financial PR) Simon Hudson / Barney Hayward / Charles Vivian +44 20 7920 3150
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
FUREASSLFLDNEEF
(END) Dow Jones Newswires
May 14, 2019 02:01 ET (06:01 GMT)
1 Year Lekoil Chart |
1 Month Lekoil Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
