NIGERIA: Lekoil Announces Strategic Investment and Restructuring

LEKOIL has announce Savannah Energy Investments Limited, has entered into a convertible facility agreement and option agreement  with the Company in order to support the Company’s restructuring.   Highlights:  ·    The … Read More

NIGERIA: Lekoil Responds to Press Speculation on Metallon Corporation Shareholding

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

Nigeria: Lekoil Terms 2019 as Pivotal Year, Released Audited Results

Operational Highlights Otakikpo ·      Production levels averaged approximately gross 5,305 bopd (2,122 bopd net to LEKOIL Nigeria) ·      Updated Competent Person’s Reports announcing a significant upgrade to 2P oil reserves estimates and … Read More

NIGERIA: Lekoil Executes Definitive Service Agreements for the Otakikpo Drilling Programme

LEKOIL  has announced that the Otakikpo Joint Venture which is made up of Green Energy International Limited (GEIL), the Operator of the Otakikpo Marginal Field, and the Technical Partner, LEKOIL … Read More