{"id":9665,"date":"2021-01-08T21:23:51","date_gmt":"2021-01-08T21:23:51","guid":{"rendered":"https:\/\/oilnewskenya.com\/?p=9665"},"modified":"2021-01-08T21:23:51","modified_gmt":"2021-01-08T21:23:51","slug":"nigeria-lekoil-responds-to-press-speculation-on-metallon-corporation-shareholding","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-lekoil-responds-to-press-speculation-on-metallon-corporation-shareholding\/","title":{"rendered":"NIGERIA: Lekoil Responds to Press Speculation on Metallon Corporation Shareholding"},"content":{"rendered":"

LEKOIL notes the recent local press speculation in relation to a letter received by the Company from the Honourable Minister of State of Petroleum Resources of Nigeria in connection with the prior acquisition of a significant shareholding in the Company by Metallon Corporation Limited\u00a0 and the requirements that a significant change in shareholding be in adherence with the requirements of Nigerian Petroleum Act and related guidelines and procedures.<\/span><\/p>\n

The Company confirms that it has notified Metallon of this matter and has advised Metallon, as a matter of urgency, to liaise with the Federal Ministry of Petroleum Resources in order to resolve any issues arising from the acquisition of Metallon’s shareholding.<\/span><\/p>\n

In the event that Metallon’s acquisition of its shareholding in the Company has not complied with Nigerian legislation and, in the absence of any suitable remedial action, sanctions (which ultimately can include Licence revocation) could be imposed directly on the Company by the Ministry of Petroleum Resources.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

LEKOIL notes the recent local press speculation in relation to a letter received by the Company from the Honourable Minister of State of Petroleum Resources of Nigeria in connection with … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":9666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,11,7444],"tags":[7796,8852,7510,1749,8853],"class_list":["post-9665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-top-news","category-west-africa","tag-lekoil","tag-metallon-corporation","tag-ministry-of-petroleum-resources","tag-nigeria","tag-nigerian-petroleum-act","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/01\/NIGERIA-LEKOIL.jpg?fit=1400%2C800&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2vT","jetpack-related-posts":[{"id":8995,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-lekoil-terms-2019-as-pivotal-year-released-audited-results\/","url_meta":{"origin":9665,"position":0},"title":"Nigeria: Lekoil Terms 2019 as Pivotal Year, Released Audited Results","author":"","date":"August 30, 2020","format":false,"excerpt":"Operational Highlights Otakikpo \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Production levels averaged approximately gross 5,305 bopd (2,122 bopd net to LEKOIL Nigeria) \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Updated Competent Person's Reports announcing a significant upgrade to 2P oil reserves estimates and prospective resources (unrisked) for LEKOIL Nigeria's working interest in the field \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Field Licence renewed \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Phase Two plans underway, subject to\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Lekoil-assets.jpg?fit=1200%2C686&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Lekoil-assets.jpg?fit=1200%2C686&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Lekoil-assets.jpg?fit=1200%2C686&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Lekoil-assets.jpg?fit=1200%2C686&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Lekoil-assets.jpg?fit=1200%2C686&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":11933,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-lekoil-announces-strategic-investment-and-restructuring\/","url_meta":{"origin":9665,"position":1},"title":"NIGERIA: Lekoil Announces Strategic Investment and Restructuring","author":"","date":"February 28, 2022","format":false,"excerpt":"LEKOIL has announce Savannah Energy Investments Limited, has entered into a convertible facility agreement and option agreement\u00a0 with the Company in order to support the Company's restructuring. \u00a0 Highlights: \u00a0\u00b7\u00a0\u00a0\u00a0\u00a0The Company has entered into the CFA with Savannah Investments whereby Savannah Investments will support LEKOIL's proposed restructuring\u00a0 by providing a\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/Nigeria-Otakikpo.png?fit=479%2C369&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":13089,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-lekoil-nigeria-changes-name-to-fenikso-ltd\/","url_meta":{"origin":9665,"position":2},"title":"NIGERIA: Lekoil Nigeria Changes Name to Fenikso Ltd","author":"","date":"January 5, 2023","format":false,"excerpt":"Lekoil has agreed to change its name and has agreed with Lekoil Nigeria that the Company's name will be changed to Fenikso Ltd following shareholders' approval at the Extraordinary General Meeting on 29th December 2022. The Change comes days after the company announced that\u00a0it has reached an agreement with, among\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/01\/Lekoil.jpg?fit=1200%2C780&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/01\/Lekoil.jpg?fit=1200%2C780&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/01\/Lekoil.jpg?fit=1200%2C780&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/01\/Lekoil.jpg?fit=1200%2C780&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/01\/Lekoil.jpg?fit=1200%2C780&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":9198,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-canadian-overseas-petroleum-operations-update\/","url_meta":{"origin":9665,"position":3},"title":"NIGERIA: Canadian Overseas Petroleum Operations Update","author":"","date":"September 24, 2020","format":false,"excerpt":"Canadian Overseas Petroleum Limited has announces that further to the announcement of its second quarter results on 15th\u00a0September 2020, COPL is giving an update on its drilling licence extension for OPL 226.\u00a0 On 4th August 2020, the Company announced that shareholders of the Nigerian Affiliate had executed definitive agreements to\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/NIGERIA-opl226.png?fit=720%2C666&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/NIGERIA-opl226.png?fit=720%2C666&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/NIGERIA-opl226.png?fit=720%2C666&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/NIGERIA-opl226.png?fit=720%2C666&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":11182,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-lekoil-reports-technical-work-for-drilling-of-2-wells-at-otakikpo-ongoing\/","url_meta":{"origin":9665,"position":4},"title":"NIGERIA: Lekoil Reports Technical Work for Drilling of 2 Wells at Otakikpo Ongoing","author":"","date":"November 19, 2021","format":false,"excerpt":"Lekoil has reported that it continues undertaking technical work for drilling of two (2) additional production wells at Otakikpo producing marginal oilfield in OML11. This is part of the companies plans to ramp up production to 15-20000bpd from the current 5110bpd as per October figures with a total of seven\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/Nigeria-Otakikpo.png?fit=479%2C369&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":15504,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-aradel-holdings-plc-completes-acquisition-of-40-equity-interest-in-nd-western-limited\/","url_meta":{"origin":9665,"position":5},"title":"NIGERIA: Aradel Holdings Plc Completes Acquisition of 40% Equity Interest in ND Western Limited","author":"","date":"January 9, 2026","format":false,"excerpt":"Aradel Energy Limited, has successfully completed the acquisition of an additional equity interest in ND Western Limited (NDW), following the fulfilment of all regulatory and contractual conditions precedent. The transaction, previously announced on 24th\u00a0October 2025, involved the acquisition of a 40% equity interest in NDW from Petrolin Trading Ltd. With\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/01\/Screenshot_42.png?fit=983%2C420&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/01\/Screenshot_42.png?fit=983%2C420&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/01\/Screenshot_42.png?fit=983%2C420&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/01\/Screenshot_42.png?fit=983%2C420&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=9665"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9665\/revisions"}],"predecessor-version":[{"id":9667,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9665\/revisions\/9667"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/9666"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=9665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=9665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=9665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}