Lekoil Limited Processing of Payment for OPL 310 Ongoing (4722H)
25 March 2020 - 6:00PM
UK Regulatory
TIDMLEK
RNS Number : 4722H
Lekoil Limited
25 March 2020
25 March 2020
Lekoil Limited
("LEKOIL" or the "Company")
Processing of Payment for OPL 310 Ongoing
LEKOIL (AIM: LEK), the oil and gas exploration and production
company with a focus on Nigeria and West Africa, announces today
that the Company is in the process of making the agreed payment of
US$2.0 million for OPL 310 in accordance with the agreement reached
and announced by the Company on 21 January 2020.
The payment is to cover the portion of sunk costs and consent
fees due on 20 March 2020, with an additional and final payment due
in May 2020. The Company has given instructions for the payment to
be made by its bank and will provide a further update when this
process is completed.
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
Ore Bajomo, Investor Relations +44 20 7457 2020
Strand Hanson Limited (Financial &
Nominated Adviser)
James Spinney / Ritchie Balmer / Georgia
Langoulant +44 20 7409 3494
Mirabaud Securities Limited (Joint
Broker) +44 20 7878 3362 / +44 20
Peter Krens / Edward Haig-Thomas 7878 3447
Numis Securities Limited (Joint Broker)
John Prior / Emily Morris +44 20 7260 1000
Instinctif (Financial PR) +44 20 7457 2020
Mark Garraway / Dinara Shikhametova lekoil@instinctif.com
/ Sarah Hourahane
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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