Appointment of Non-Executive Director

RNS Number : 5769R

Lekoil Limited

30 June 2015

 

30 June 2015

Lekoil Limited

("Lekoil" or the "Company")

Appointment of Non-Executive Director

Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa more generally, is pleased to announce the appointment to the Board of Directors of Mr Hezekiah Adesola Oyinlola as a Non-Executive Director with effect from 26 June, 2015.

Mr Oyinlola brings a wealth of industry experience to the Board. He was most recently Chairman of Africa at Schlumberger and was also the President of the Schlumberger Foundation, a non-profit corporate foundation.

Having worked with Schlumberger for 30 years, Mr Oyinlola has held a number of senior operational positions across the world, including Vice President and Global Treasurer, and Managing Director for Nigeria and West Africa.

Mr Oyinlola holds a BSc in Accounting from the University of Ghana, and an MBA from Stanford University. He is an alumnus of the Oxford Institute for Energy Studies.

Commenting on the appointment, Samuel Adegboyega, Chairman of Lekoil, said: "We are delighted that 'Sola is joining us. He has extensive industry experience and contacts in West Africa and Nigeria. As a co-founder of the Petroleum Club of Lagos and with his passion for human capital and host community development, as evidenced by his participation in issues of economic development, inclusion, and mentoring, we look forward to being able to benefit from his valuable guidance as the Company moves into production."

Directorship disclosure

Mr. Hezekiah Adesola Oyinlola, aged 60, is or has been a director of the following companies during the previous five years:

Current Directorships	Directorships held within the previous 5 years
Guaranty Trust Bank Plc Schlumberger Foundation Inc. Schlumberger Stichting Fund Spectralink Wireless Limited African Infrastructure Partners LLC Kezenergy Solutions Limited Shelf Drilling Offshore Services Limited

There is no further information to be disclosed pursuant to paragraph 2 (g) of Schedule 2 of the AIM Rules.

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

Lekoil Limited Hamilton Esi, Head - Corporate Communications	[phone]
Strand Hanson Limited  (Financial & Nominated Adviser) James Harris / James Spinney / Ritchie Balmer	[phone]
Mirabaud Securities LLP (Joint Broker)	[phone]
Peter Krens / Edward Haig-Thomas	[phone]
BMO Capital Markets (Joint Broker)	[phone]
Rupert Newall / Neil Haycock / Thomas Rider
Ladenburg Thalmann & Co. Inc. (US Placing Agent) Jim Hansen / Barry Steiner	[phone] [phone]
Tavistock Communications (Financial PR) Simon Hudson / Ed Portman	[phone]

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