TIDMLEK

RNS Number : 8351O

Lekoil Limited

14 June 2022

14 June 2022

Lekoil Limited

("LEKOIL" or the "Company")

Operational update

LEKOIL (AQSE: LEK), the Cayman Islands litigation asset company with an investment in oil & gas assets in Nigeria,

is pleased to provide the following operational update.

Operational Development for the month of May 2022 taken from information provided by Lekoil Nigeria

   --      Otakikpo:

o Oil production in May 2022 of 4,230 bopd (gross)/1,692 bopd (net).

o Drilling of Otakikpo-4 continued during the month.

   --      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:

 
First Sentinel Corporate Finance Ltd (AQSE 
 Corporate Adviser) 
 Brian Stockbridge                                +44 203 989 2200 
Tennyson Securities (Broker) 
 Peter Krens                                      +44 20 7186 9030 
                                              -------------------- 
Camarco (Financial PR Advisor) 
 Billy Clegg / Owen Roberts / Violet Wilson       +44 20 3757 4983 
                                              --------------------

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END

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June 14, 2022 07:18 ET (11:18 GMT)

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