Acknowledgment of OPL310 Licence Extension Payment

RNS Number : 5044T

Lekoil Limited

15 November 2019

 

15 November 2019

LEKOIL Limited 

("LEKOIL" or the "Company")

Acknowledgment of OPL 310 Licence Extension Payment

LEKOIL (AIM: LEK), the Africa-focused oil and gas exploration, development and production company, is pleased to announce that the Federal Government of Nigeria and the Ministry of Petroleum Resources has acknowledged the receipt of the OPL310 licence extension fee of US$7.5m ("Extension") and that the License is in force for an extended three year period to 2 August 2022 as previously announced on 31 October 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.

For further information, please visit www.lekoil.com or contact:

LEKOIL Limited Alfred Castaneda, Investor Relations	[phone]
Strand Hanson Limited (Financial & Nominated Adviser) James Spinney / Ritchie Balmer / Eric Allan	[phone]
Mirabaud Securities Limited (Joint Broker) Peter Krens / Edward Haig-Thomas	[phone] / [phone]
Numis Securities Limited (Joint Broker) John Prior / Emily Morris	[phone]
Instinctif (Financial PR) David Simonson / Dinara Shikhametova / Sarah Hourahane	[phone] [e-mail]

 

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MSCLIFIILALELIA