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Lekoil Ltd (LEK.L)

LEK.L on London Stock Exchange

4.14GBp
11:35am EDT
Change (% chg)

-0.01 (-0.24%)
Prev Close
4.15
Open
4.25
Day's High
4.30
Day's Low
3.93
Volume
3,303,245
Avg. Vol
3,601,964
52-wk High
20.20
52-wk Low
2.76

Latest Key Developments (Source: Significant Developments)

Lekoil Sees H2 Avg Production About 5,800 Bopd
2:00am EDT 

July 15 (Reuters) - Lekoil Ltd ::OPERATIONAL & TRADING UPDATE.H1 AVERAGE PRODUCTION WAS 5,822 BARRELS OF OIL PER DAY WITH 2,329 BOPD NET TO LEKOIL NIGERIA, COMPARED TO 2,042 BOPD FOR SAME PERIOD IN 2018.PRODUCTION RATES ARE EXPECTED TO REMAIN STEADY THROUGH 2019.H2 2019 AVERAGE PRODUCTION EXPECTED TO BE CIRCA 5,800 BOPD, WITH 2,324 BOPD NET TO LEKOIL NIGERIA.ONE LIFTING IS SCHEDULED FROM FSO AILSA CRAIG IN JULY OF CIRCA 350,000 BARRELS OF OIL.2019 COSTS, COMPRISING OF OPERATING EXPENSES AND GENERAL ADMINISTRATIVE COSTS IS EXPECTED TO BE IN LINE WITH CURRENT MARKET EXPECTATIONS.JOINT VENTURE PARTNERS REMAIN FOCUSED ON PHASE TWO OF OTAKIKPO FIELD DEVELOPMENT PLAN.  Full Article

Lekoil says FY sales of $48.7 mln
Wednesday, 19 Jun 2019 02:00am EDT 

June 19 (Reuters) - Lekoil Ltd ::FY SALES 48.7 MILLION USD.FY PRODUCTION LEVELS AVERAGED APPROXIMATELY GROSS 5,345 BOPD, (2,076 BOPD NET TO LEKOIL).FY EQUITY CRUDE SALES PROCEEDS OF US$48.7 MILLION.GROUP LIFTED 1,305,888 BARRELS OF ITS ENTITLEMENT, REALISING AN AVERAGE SALES PRICE OF APPROXIMATELY US$66 PER BARREL IN FY.PRIORITY FOR 2019 IS TO ADVANCE TOWARD START OF APPRAISAL DRILLING PROGRAMME ON OGO IN OPL 310.SEEK TO GROW PRODUCTION VOLUMES WITH PHASE TWO DEVELOPMENT AND EXPECT TO REACH GROSS VOLUMES OF 15,000 TO 20,000 BOPD.LEKOIL LIMITED - FINAL RESULTS.  Full Article

Lekoil Announces Resignation Of Lisa Mitchell As CFO
Friday, 17 May 2019 02:00am EDT 

May 17 (Reuters) - Lekoil Ltd ::LEKOIL LTD - RESIGNATION OF LISA MITCHELL, COMPANY'S CHIEF FINANCIAL OFFICER.LEKOIL LTD - LISA WILL STAY UNTIL ANNUAL REPORT AND ACCOUNTS FOR FY HAS BEEN FINALISED AND PUBLISHED.LEKOIL LTD - COMMENCED SEARCH TO IDENTIFY CANDIDATES FOR ROLE OF A PERMANENT CHIEF FINANCIAL OFFICER.LEKOIL LTD - COMPANY IS FOCUSING SEARCH ON A CANDIDATE THAT WILL BE BASED PRIMARILY IN NIGERIA.  Full Article

Lekoil Ltd Provides Legal Update On OPL 310
Thursday, 28 Mar 2019 12:25pm EDT 

March 28 (Reuters) - Lekoil Ltd ::PROVIDES AN UPDATE ON OPL310 WITH REFERENCE TO APPLICATION FOR A DECLARATION REGARDING MINISTERIAL CONSENT FILED AT LAGOS COURT.ACQUISITION OF AFREN INVESTMENTS OIL AND GAS NIGERIA LIMITED, HOLDER OF 22.86 PER CENT. PARTICIPATING INTEREST IN OPL 310, REQUIRES CONSENT.22.86 PER CENT PARTICIPATING INTEREST IN OPL 310 IS STILL HELD BY AIOGL UNTIL CONSENT IS GRANTED.BELIEVES IT HAS STRONG GROUNDS TO APPEAL AGAINST THIS JUDGMENT BY FEDERAL HIGH COURT.INTENDS TO FILE A NOTICE OF APPEAL, AND A STAY OF EXECUTION OF THIS JUDGMENT WITH COURT OF APPEAL WITHIN A WEEK.WILL TAKE ALL NECESSARY ACTION TO PRESERVE ITS RIGHT TO 22.86 PER CENT INTEREST IN OPL 310."BELIEVES THAT OPL 310 LICENSE IS STILL IN GOOD STANDING GIVEN THAT EXTENSION IS IN PROCESS".  Full Article

Lekoil Provides Update On Application Regarding Ministerial Consent Filed At Lagos
Monday, 14 Jan 2019 02:00am EST 

Jan 14 (Reuters) - Lekoil Ltd ::PROVIDES UPDATE ON OPL310 FOR APPLICATION FOR DECLARATION REGARDING MINISTERIAL CONSENT FILED AT FEDERAL HIGH COURT, LAGOS.HEARING DID NOT OCCUR AS PLANNED ON WEDNESDAY, JANUARY 9, 2019 DUE TO RELEVANT JUDGE BEING UNAVAILABLE AND HAS BEEN ADJOURNED.PARTIES REMAIN IN NEGOTIATIONS AIMED AT SEEKING A SATISFACTORY CONCLUSION FOR ALL PARTIES.  Full Article

Lekoil Provides Update On Application For Declaration On Ministerial Consent
Monday, 3 Dec 2018 02:01am EST 

Dec 3 (Reuters) - Lekoil Ltd ::UPDATE RE: APPLICATION FOR A DECLARATION REGARDING MINISTERIAL CONSENT.LEKOIL HAS, TO DATE, NOT RECEIVED MINISTERIAL CONSENT FOR ITS ACQUISITION OF ADDITIONAL 22.86 PER CENT INTEREST IN OPL 310.COMPANY TOOK DECISION TO APPLY TO FEDERAL HIGH COURT FOR A DECLARATION THAT IS EXPECTED TO EXPEDITE CONSENT PROCESS.PARTIES REMAIN IN NEGOTIATIONS AIMED AT SEEKING A SATISFACTORY CONCLUSION FOR ALL PARTIES ON ABOVE MATTER.LEKOIL AND OPTIMUM CONTINUE COMMERCIAL DISCUSSIONS REGARDING FINANCIAL AND TECHNICAL OBLIGATIONS OF BOTH PARTIES IN BLOCK.  Full Article