Operational Update

RNS Number : 8595S

Lekoil Limited

18 November 2021

 

18 November 2021

Lekoil Limited

("LEKOIL" or the "Company")

Operational Update

LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, is pleased to provide the following corporate and operational update: 

Operational Development for the month of October 2021 taken from information provided by Lekoil Nigeria

· Otakikpo:

o  Oil production in October 2021 of circa 5,110 bopd (gross)/2,044 bopd (net).

o  Oil production in October 2021 was largely interruption free.

o  Ongoing technical work for drilling of two (2) additional production wells. 

o  No material progress/update on financing required to drill additional production wells.

· OPL 310 (Ogo):

o  No material update.

· OPL 325:

o  No material update.

· OPL 276

o  No material update.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

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

SP Angel Corporate Finance LLP (Nominated Adviser and Joint Broker) John Mackay / Jeff Keating / Stuart Gledhill / Richard Hail	[phone]
Tennyson Securities (Joint Broker) Peter Krens / Edward Haig-Thomas	[phone]

 

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