Operational Update

RNS Number : 8480Y

Lekoil Limited

18 January 2022

 

18 January 2022

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 December 2021 taken from information provided by Lekoil Nigeria

· Otakikpo:

o  Oil production in December 2021 of 4,530 bopd (gross)/1,812 bopd (net).

o  Oil production in December was impacted by equipment interruption and repair.

o  Ongoing work for drilling of two (2) additional production wells, namely: preparation of drillsite and campsite; detailed well planning with major contractors for rig, long lead items and major services; and sign off of well design for Otakikpo 4.

· 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) Jeff Keating / Stuart Gledhill	[phone]
Tennyson Securities (Joint Broker) Peter Krens / Edward Haig-Thomas	[phone]

 

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