Appointment of CFO and Non-Executive Director

LEKOIL LIMITED (LEK) Appointment of CFO and Non-Executive Director 02-Oct-2017 / 07:00 GMT/BST Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. 2 October 2017   Lekoil Limited ("LEKOIL" or the "Company")   Appointment of Chief Financial Officer and Non-Executive Director   LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, is pleased to announce the appointment to the Company and Board of Directors of Lisa Mitchell as Chief Financial Officer ("CFO") with immediate effect.  Ms Mitchell's appointment follows the resignation of Bruce Burrows who has decided to pursue another opportunity to better fit family circumstances. Following a one month handover period, Bruce will be leaving the Company at the end of October.   In addition, LEKOIL is also pleased to announce the appointment of Tom Schmitt, a US citizen, as a Non-Executive Director, again with immediate effect.   Lisa Mitchell, aged 50, is a Certified Practising Accountant (Australia) who was most recently CFO and Executive Director of Fastjet plc (AIM: FJET), the African focused low cost airline based at Gatwick Airport.  Prior to that, she was CFO at Ophir Energy plc (LSE: OPHR) where she was responsible for contributing to the overall business strategy of Ophir; leading the finance function - including all financial, taxation, treasury and funding issues; IR, and providing financial support for all M&A activity.  Lisa's previous career included stints with Pan Pacific Petroleum NL (ASX and NZX listed), GCM Resources plc (AIM: GCM), CSL Limited - in Australia and the US and Mobil Oil Australia.   She holds a Bachelor of Economics (major in Accounting) degree from La Trobe University, Melbourne and a Graduate Diploma Applied Corporate Governance.   Tom Schmitt, aged 60, is president of Hunt Refining Company in Alabama. Prior to this, he was senior vice president with Hunt Oil Company for Hunt's development in Kurdistan, Iraq.  He began his career as a petroleum engineer with the Atlantic Richfield Corporation working in production, drilling, operations/reservoir engineering, enhanced oil recovery research, strategic planning and acquisition evaluation.  In 1996, he left the oil industry for a career in finance and joined Alliance-Bernstein, becoming co-manager of the Global Research Growth Fund, a product that grew assets to over $65 billion.  Tom earned a BS in chemical engineering from Missouri University of Science and Technology and an MBA from the Harvard Business School.   Commenting on the appointment, Samuel Adegboyega, Chairman of LEKOIL, said: "Lisa and Tom are both oil and gas industry professionals with significant experience.  Lisa's knowledge of investment and capital markets, together with Tom's mix of upstream, downstream and finance experience will benefit our board and company.  I look forward to working with them.    The entire Board would also like to wish Bruce well in his future career and thank him for his contribution to date."   The following additional information is provided in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies in relation to the appointments of Lisa Mitchell and Tom Schmitt:     Tom Albert Schmitt (aged 60)   Current Directorships / Partnerships Past Directorships / Partnerships (last 5 years) Taum Sauk Investments, LLC Taum Sauk Capital Management, LP Hunt Refining Company Hunt Oil Middle East Holding Limited Alabama Bulk Terminal Company, LLC Hunt Oil Middle East Limited East Mississippi Pipeline Company LLC   Hunt Crude Oil Supply Company, LLC   Hunt Southland Refining Company, LLC     Lisa Gaye Mitchell (aged 50)   Current Directorships / Partnerships Past Directorships / Partnerships (last 5 years)   fastjet Air TZ (BVI) Limited   fastjet Leasing UK Limited   fastjet SPV UK One Limited   fastjet Travel Limited   fastjet Holdings (Guernsey) Limited   fastjet Leasing PCC Limited   fastjet Kenya Limited   fastjet South Africa Proprietary  Limited   fastjet SPV SA Two Limited   fastjet Airlines Limited   fastjet Zimbabwe Limited   Ophir Energy Plc   Dominion Kenyan Holdings Ltd   Dominion Petroleum Administrative Services Ltd   Ophir Ventures (Jersey) Limited   Ophir Ventures (Jersey) No.2 Limited   Dominion Oil & Gas Limited   Dominion Petroleum Acquisitions Limited   For further information, please visit www.lekoil.com or contact:   LEKOIL Limited Alfred Castaneda, Investor Relations Hamilton Esi, Corporate Communications     [phone] [phone] Strand Hanson Limited (Financial & Nominated Adviser) James Harris / James Spinney / Ritchie Balmer     [phone]   Mirabaud Securities LLP (Joint Broker) Peter Krens / Edward Haig-Thomas     [phone] / [phone] BMO Capital Markets (Joint Broker) Vicary Gibbs / Neil Haycock / Thomas Rider     [phone] Tavistock (Financial PR) Simon Hudson / Barney Hayward   [phone]   The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ('MAR')   -ends-

ISIN:	KYG5462G1073
Category Code:	BOA
TIDM:	LEK
Sequence No.:	4680

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End of Announcement	EQS News Service

614873  02-Oct-2017