Statement re. Press Comment

RNS Number : 7925T

Lekoil Limited

08 October 2014

 



8 October 2014

Lekoil Limited

("Lekoil" or the "Company")

Statement re. Press Comment

Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa, notes the recent online media reports that it plans to issue $37.5 million of equity in relation to the development of the Otakikpo Marginal Field, offshore Nigeria.

Lekoil wishes to make clear that the Company is not undertaking an equity placement at present and the reports are erroneous and refer to events that occurred earlier this year in May.

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

Lekoil Limited Dave Robinson, Chief Financial Officer	[phone]
Strand Hanson Limited  (Financial Adviser & Nominated Adviser) James Harris / James Spinney / Ritchie Balmer	[phone]
Mirabaud Securities LLP (Joint Corporate Broker)
Peter Krens Edward Haig-Thomas	[phone] [phone]
Tavistock Communications (Financial PR) Simon Hudson / Ed Portman	[phone]

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