LEKOIL

Investor news

2017

29.06.2017

Award of Options

LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces that the Company has made the following awards of options over ordinary shares of par value US$0.00005 each in the capital of the Company to Directors under the Long Term Incentive Plan for the CEO and CFO and the Non-Executive Director Share Plan for the Non-Executive Directors...


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29.06.2017

Director's Dealing

Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and Africa more generally, announces that it has received notification that Gregory Eckersley, a Non-Executive Director of the Company, yesterday purchased 50,000 ordinary shares of USD0.00005 each in the Company ("Ordinary Shares") at an average price of 16.35 pence per Ordinary Share.


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27.06.2017

Notice of AGM

LEKOIL (AIM: LEK), the oil and gas exploration and development company with a focus on West Africa, announces that the Annual General Meeting ("AGM") will be held at the Company's offices in Nigeria - Churchgate Tower 1, 9th Floor, PC 30, Churchgate Street, Victoria Island, Lagos, Nigeria - on 21 July 2017 at 11:00am local time.


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26.06.2017

Otakikpo Operational Update

LEKOIL (AIM: LEK), the oil and gas exploration, development and production company with a focus on Africa, is pleased to announce its second export from the Otakikpo Marginal Field (“Otakikpo”) in OML 11.


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21.06.2017

Final Results for the Year to 31 December 2016

LEKOIL (AIM: LEK), the Africa focused oil and gas exploration and production company with interests in Nigeria and Namibia, announces final audited results for the year to 31 December 2016. All figures are in US dollars unless otherwise indicated.


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09.06.2017

Receipt of Ministerial Consent for OPL310 Farm-in

LEKOIL (AIM: LEK), the oil and gas exploration, development and production company with a focus on West Africa, is pleased to announce that the Honourable Minister of Petroleum Resources of Nigeria has granted consent to complete the transfer of the original 17.14% participating interest that LEKOIL acquired in OPL 310 in February 2013 to Mayfair Assets and Trust Limited, a subsidiary of LEKOIL.


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08.06.2017

Holding(s) in Company

Notification of major interest in shares...


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05.06.2017

Holding(s) in Company

Notification of major interest in shares...


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01.06.2017

First Crude Payment, Production Ramp-Up Ongoing

LEKOIL (AIM: LEK), the oil and gas exploration, development and production company with a focus on Africa, is pleased to announce that it has received payment for its first cargo lifted from the Otakikpo Marginal Field in OML 11, announced on 10 May 2017.


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10.05.2017

First Lifting and Production Update

LEKOIL (AIM: LEK), the oil and gas exploration, development and production company with a focus on Africa, is pleased to announce that the first crude cargo produced from the Otakikpo Marginal Field (“Otakikpo”) in OML 11 has been lifted from the FSO Ailsa Craig by Shell Western Supply and Trading Limited (“Shell Trading”), a subsidiary of Royal Dutch Shell (LSE: RDSA, RDSB). 


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03.04.2017

Memorandum of Understanding Signed with General Electric for Ogo Work Programme in OPL310

LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on West Africa, is pleased to announce it has signed a Memorandum of Understanding (“MOU”) with GE Oil & Gas (“GE”), a subsidiary of General Electric Company (NYSE: GE) for the development of a work programme for the Ogo field in OPL310. 


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03.04.2017

Update on Ministerial Consent for OPL 310

LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on West Africa, provides an update on the status of its applications to receive Ministerial Consent for its original 17.14% farm-in stake in OPL 310, completed in 2013 (the “Initial Interest”), and its further 22.86% interest in OPL 310 acquired in December 2015 via the acquisition of the entire issued share capital of AIOGL (the “Further Interest”). 


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31.03.2017

Advance Payment Facility with Shell

LAGOS, NIGERIA – LEKOIL (AIM: LEK), the oil and gas exploration, development and production company with a focus on Africa, announces that its wholly owned subsidiary, LEKOIL Oil and Gas Investments Limited (“LOGL”), has agreed an advance payment facility with Shell Western Supply and Trading Limited (“Shell Western”)...


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30.03.2017

LEKOIL to present at the 2017 Stifel Nigeria Oil & Gas Day

LEKOIL (AIM: LEK) announces that the Company will be attending, and presenting at the 2017 Stifel Nigeria Oil & Gas Day in London on 31 March 2017.


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30.03.2017

Commercial Offtake Agreement

LAGOS, NIGERIA - LEKOIL (AIM: LEK), the oil and gas exploration, development and production company with a focus on Africa, announces a commercial offtake agreement with Shell Western Supply and Trading Limited, a subsidiary of Royal Dutch Shell (LSE: RDSA, RDSB, "Shell").


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28.02.2017

Director Shareholding

LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces that Olalekan Akinyanmi, Chief Executive Officer of the Company, is no longer associated with Princeton Regal Trust... 


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24.02.2017

Holdings in Company

Notification of major interest in shares...


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20.02.2017

Appointment of CFO

LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, is pleased to announce the appointment to the Company and Board of Directors of Bruce Burrows as Chief Financial Officer (“CFO”) with effect from 27th February 2017.


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20.02.2017

Otakikpo Operations Update

LEKOIL (AIM: LEK), the oil and gas exploration, development and production company with a focus on Africa, is pleased to announce that further to the announcement on 8 December 2016, the six kilometre offshore pipeline leading from the storage tanks to the tanker offloading manifold has been completed and commissioned.  


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2016

08.12.2016

Otakikpo – Production Update

LEKOIL (AIM: LEK), the oil and gas exploration and development company with a focus on West Africa, is pleased to announce that oil is flowing at the Otakikpo Marginal Field to onshore storage tanks, where it will be evacuated upon completion of the offshore pipeline.


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08.12.2016

Award of Options

Lekoil (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces that the Company has made the following awards of options over ordinary shares of par value US$0.00005 each in the capital of the Company to Directors under the Long Term Incentive Plan for the CEO and the Non-Executive Director Share Plan for the Non-Executive Directors, which were approved by shareholders at the Company’s AGM held on 8 August 2016 


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23.11.2016

Receipt of Nigerian Ministerial Consent for Initial OPL310 Farm-in

LEKOIL (AIM: LEK), the oil and gas exploration and development company with a focus on West Africa, notes the announcement made today by its partner in OPL 310, Optimum Petroleum Development Ltd...


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20.10.2016

Holding(s) in Company

Notification of major interest in shares...


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17.10.2016

Completion of Placing

LEKOIL (AIM: LEK), the oil and gas exploration and development company with a focus on West Africa, is pleased to announce that further to the announcement made on Friday 14 October 2016, it has raised gross proceeds of approximately US$12.4 million...


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14.10.2016

Proposed Placing

LEKOIL (AIM: LEK), the oil and gas exploration and development company with a focus on West Africa, is pleased to announce its intention to raise up to US$12.4 million through an issue of new ordinary shares of US$0.00005 each in the capital of the Company ("Ordinary Shares") (the "Placing Shares")...


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29.09.2016

Half Year Results for the Six Months to 30 June 2016

LEKOIL (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa, reports half year results for the six months to 30 June 2016.


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15.09.2016

Operational Update and Increase of FBN Facility

LEKOIL (AIM: LEK), the oil and gas exploration and development company with a focus on West Africa, announces an update on the operations at Otakikpo and its existing FBN Capital Limited (“FBN”) facility.


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08.08.2016

Result of AGM

Lekoil (AIM: LEK) announces that all resolutions were duly passed at the Company’s AGM held in Lagos earlier today.


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15.07.2016

Notice of AGM

Lekoil (announces the date of its Annual General Meeting (“AGM”).


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14.07.2016

Holding(s) in Company

Lekoil announces an acquisition or disposal of voting rights.


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06.07.2016

Director’s Dealing

Lekoil (AIM: LEK) announces that it has received notification that Gregory Eckersley, a Non-Executive Director of the Company, yesterday purchased 55,000 ordinary shares of USD0.00005 each in the Company at an average price of 18.5 pence per Ordinary Share.


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30.06.2016

New Debt Facility with Sterling Bank

Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on West Africa, announces today the execution of a new debt facility totalling 5 billion Naira (US$17.7 million).


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30.06.2016

Final Results for the Year to 31 December 2015

Lekoil (AIM: LEK) announces final audited results for the year to 31 December 2015.


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20.06.2016

FBN Capital Re-Financing and Operations Update

Lekoil (AIM: LEK) announces today the refinancing of an existing debt facility and the completion of a new debt facility raising, in aggregate, US$20 million and provides an operation update for Otakikpo.


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07.06.2016

Holding(s) in Company

Lekoil announces an acquisition or disposal of voting rights.


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12.04.2016

Otakikpo Operations Update

Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Africa, announces an update on operations from the Otakikpo Marginal Field.


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17.03.2016

Lekoil Presentation at UBS Conference

Lekoil Limited (AIM: LEK) is pleased to report that Lekan Akinyanmi, Chief Executive Officer, will be presenting at the annual UBS Oil and Gas Conference being held today in London.


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03.03.2016

Holding(s) in Company

Lekoil announces an acquisition or disposal of voting rights.


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2015

24.12.2015

Award of Options

Lekoil announces that the Company has made awards of options to Directors under the Long Term Incentive Plan for the CEO and the Share Plan for the Non-Executive Directors.


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03.12.2015

Operations Update and Analyst & Investor Day

Lekoil (AIM: LEK) will be hosting a conference call in Lagos, Nigeria for investors and analysts today, 3 December 2015, at 12 noon GMT/13:00h CET and West Africa Time.


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01.12.2015

Acquisition of Afren’s Interest in OPL 310

Lekoil (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, has agreed to acquire Afren plc’s (“Afren”) entire 22.86% participating interest in OPL 310, which contains the Ogo discovery, for a total cash consideration of US$13 million (the “Consideration”) (the “OPL 310 Acquisition”).


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16.11.2015

Result of General Meeting

Lekoil (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces that, at the General Meeting of the Company held earlier today, all the resolutions were duly passed.


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02.11.2015

Holding(s) in Company

Lekoil announces an acquisition or disposal of voting rights.


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02.11.2015

Holding(s) in Company

Lekoil announces an acquisition or disposal of voting rights.


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02.11.2015

Posting of Circular and Notice of EGM

Lekoil (AIM: LEK) announces that, further to the announcement on 28 October 2015, it has posted a circular to shareholders and forms of proxy and instruction in relation to the extraordinary general meeting of the Company.


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28.10.2015

Completion of US$46 million Placing

Lekoil announces, further to the announcement made yesterday evening, that it has entered into a placing agreement (the "Placing Agreement") with Mirabaud Securities LLP ("Mirabaud") and BMO Capital Markets ("BMO") and has conditionally raised, in aggregate, gross proceeds of approximately US$46 million (approximately £30 million) through the placing of, in aggregate, 125,200,000 new Ordinary Shares at a placing price of 24 pence per Ordinary Share (the "Placing Price") with certain existing and new institutional and other investors via an accelerated bookbuild (the "Placing").


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27.10.2015

Acquisition of Interest in OPL 325, Offshore Nigeria

Lekoil (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, is pleased to announce the acquisition of an indirect controlling interest in OPL 325, (located to the south of OPL 310 in the Dahomey Basin) offshore Nigeria, for an initial consideration of US$16.08 million, with other payments due at developmental milestones totalling US$24.12 million (the “OPL 325 Acquisition”).


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30.09.2015

Half Yearly Report

Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa, reports its half year results for the six months ended 30 June 2015.


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25.09.2015

Notice of Half Yearly Results

Lekoil to issue its Half Yearly Results on Wednesday, 30 September 2015.


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07.09.2015

First Oil from Otakikpo

Lekoil makes transition to producer.


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29.07.2015

Otakikpo Operational Update

Lekoil announces the following update regarding operational activity at the Otakikpo Marginal Field.


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30.06.2015

Appointment of Non-Executive Director

Lekoil is pleased to announce the appointment to the Board of Directors of Mr Hezekiah Adesola Oyinlola as a Non-Executive Director with effect from 26 June, 2015.


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29.06.2015

Directorate Change

Lekoil announces that by mutual agreement David Robinson, the Company’s Chief Financial Officer, is leaving the Board, and the Company, with immediate effect. Valentine Ejiogu, the Company’s Financial Controller, will be assuming leadership of the Company’s financial function pending the appointment of a new Chief Financial Officer to the Board.


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26.06.2015

Result of AGM

Lekoil announces that all resolutions were passed at the Company's Annual General Meeting held in Lagos earlier today.


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25.06.2015

Director’s Dealing

Mr Olalekan Akinyanmi purchased 193,950 ordinary shares of USD0.00005 each in the Company at an average price of 28.38 pence per Ordinary Share.


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16.06.2015

Receipt of Nigerian Ministerial Consent for Otakikpo Farm-In

Lekoil is pleased to announce that the Honourable Minister of Petroleum Resources of Nigeria has granted consent to complete the transfer of the 40 per cent. participating interest in the Otakikpo Marginal Field to Lekoil Oil and Gas Investment Limited, a wholly owned subsidiary of the Company.  Lekoil now exercises the rights and benefits of its 40 per cent. economic interest in Otakikpo via the Farm-in Agreement and Joint Operating Agreement signed on 17 May 2014.


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04.06.2015

EBT Share Sale and Director Dealing

Lekoil was notified by Genesis Trust & Corporate Services Limited, the trustee of the Company’s Employee Benefit Trust that on 13 May 2015 the EBT commenced the process of the transfer of, in aggregate, 4,346,988 ordinary shares of USD0.00005 each in the Company ("Ordinary Shares") to its sole beneficiaries, Lekan Akinyanmi and David Robinson.


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29.05.2015

Posting of Annual Report and Notice of Meeting

Lekoil announces that the Company’s Annual Report and Accounts for the year ended 31 December 2014, together with the Notice of Annual General Meeting and Forms of Proxy and Instruction, has today been posted to shareholders.


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19.05.2015

Director’s Dealing

Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa more generally, announces that it has received notification that Gregory Eckersley, a Non-Executive Director of the Company, yesterday purchased 50,000 ordinary shares of USD0.00005 each in the Company ("Ordinary Shares") at an average price of 19.97 pence per Ordinary Share.


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11.05.2015

Change of Joint Broker

Lekoil (AIM: LEK) today announces the appointment of BMO Capital Markets as Joint Broker to the Company with immediate effect.


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11.05.2015

Final Results for the Year to 31 December 2014

Lekoil (AIM: LEK) announces final audited results for the year to 31 December 2014.


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07.05.2015

Exercise of Options and Total Voting Rights

Lekoil announces that following the exercise of options by a former director, 93,750 new ordinary shares of par value US$0.00005 each in the capital of the Company ("Ordinary Shares") have been issued. Lekoil has applied for these 93,750 new Ordinary Shares to be admitted to trading on AIM and it is anticipated that trading in such shares will commence on or about 13 May 2015.

The total number of Ordinary Shares in issue following the issue of these shares will be 362,999,983, and the total number of voting rights, will be 362,999,983.



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09.03.2015

Presentation at New York Investor Conference

Lekoil Limited announces that Lekan Akinyanmi, Chief Executive Officer, will be presenting an update on the Company at the 2015 Ladenburg Thalmann Africa Upstream Conference in New York on the morning of 10th March 2015.


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22.01.2015

Director’s Dealing

Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa more generally, announces that it has received notification that Gregory Eckersley, a Non-Executive Director of the Company, yesterday purchased 45,000 ordinary shares of USD0.00005 each in the Company ("Ordinary Shares") at an average price of 22.75 pence per Ordinary Share.


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21.01.2015

Resource to Reserve Conversion at Otakikpo

Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa more generally, announces the completion of an Addendum to the Competent Persons Report (“CPR”) on the Otakikpo Marginal Field (“Otakikpo”) by AGR TRACS International Ltd (“AGR TRACS”) (the “Addendum”), the authors of the original CPR in September 2014. 


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2014

16.12.2014

Otakikpo Marginal Field Project Update

Lekoil provides an update on its progress on the Otakikpo Marginal Field in oil mining lease 11, offshore Nigeria, adjacent to shoreline in the eastern part of the Niger Delta.


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11.12.2014

Director Loan

Lekoil announces that the independent board of directors of the Company have approved the provision of a US$1.5 million loan to Lekan Akinyanmi.


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08.10.2014

Statement re. Press Comment

Lekoil (AIM: LEK) clears up erroneous media reports.


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30.09.2014

Half Year Results for six months ended 30 June 2014

Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa, reports its Half Year Results for the six months ended 30 June 2014.


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23.09.2014

Competent Persons Report on Otakikpo Marginal Field

Lekoil announces a significant upgrade to 2C oil reserves estimates for Lekoil Nigeria’s 40 per cent. participating interest and economic interest in the Otakikpo Marginal Field in OML 11, offshore Nigeria.


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15.09.2014

Presentation at London Investor Evening

Lekoil (AIM: LEK) wishes to announce that Lekan Akinyanmi, Chief Executive Officer, will be presenting an update on the Company at the Proactive Investors One2One Investor Forum in London on the evening of 18th September, 2014.


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05.08.2014

Holding(s) In Company

Lekoil announces an acquisition or disposal of voting rights.


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04.07.2014

Holding(s) In Company

Lekoil announces an acquisition or disposal of voting rights.


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30.06.2014

Directorate Change

Mr Atedo Peterside notifies Lekoil of his intention to step down from the Board.


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20.06.2014

Result AGM

Result of AGM.


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05.06.2014

Holding(s) In Company

Lekoil announces an acquisition or disposal of voting rights.


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02.06.2014

Holding(s) In Company

Lekoil announces an acquisition or disposal of voting rights.


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02.06.2014

Holding(s) In Company

Lekoil announces an acquisition or disposal of voting rights.


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28.05.2014

Posting of Annual Report and Notice of Meeting

Lekoil (AIM: LEK) announces that the Company’s Annual Report and Accounts for the year to 31 December 2013, together with the Notice of Meeting, has today been posted to shareholders.


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27.05.2014

Total Voting Rights & Directors' Holdings Update

Lekoil (AIM: LEK) announces that, further to the admission of the new ordinary shares associated with completion of the Company’s recent placing (as announced on 21 May 2014), Lekoil’s issued share capital now consists of 362,906,233 ordinary shares of US$0.00005 each.

 


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21.05.2014

Equity Placing Raises approx. US$37.7 million

Lekoil (AIM: LEK) announces, further to the announcement made on 20th May 2014, that it has conditionally raised gross proceeds of approximately US$37.7 million (approximately £22.4 million) through the placing of 33,000,000 new Ordinary Shares at a placing price of 67.75 pence per Ordinary Share (the "Placing Price") with certain existing and new institutional and other investors via an accelerated book-build (the "Placing").

The net proceeds of the Placing are estimated to be US$36.5 million (approximately £21.7 million) and will be used to fund the equity portion, anticipated to be approximately 20 per cent., of the US$67 million initial work programme (“IWP”) on the Otakikpo Marginal Field (“Otakikpo”), in which, as also announced yesterday, Lekoil has acquired a 40 per cent. participating interest and economic interest.


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20.05.2014

Placing to fund acquisition of interest

Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa, is pleased to announce that Lekoil Oil and Gas Investments Limited (“Lekoil Oil and Gas”), a wholly owned subsidiary of Lekoil Nigeria Limited (“Lekoil Nigeria”), has agreed to acquire a 40 per cent. participating interest and economic interest in the Otakikpo Marginal Field (“Otakikpo”) from Green Energy International Limited (the “Farmor”). 


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20.05.2014

Final Results

Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa, announces results for the twelve months to 31 December 2013. All figures are in US dollars unless otherwise indicated. 


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16.05.2014

Holding(s) In Company

Lekoil announces an acquisition or disposal of voting rights.


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12.05.2014

Holding(s) In Company

Lekoil announces an acquisition or disposal of voting rights.


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07.05.2014

BMO Capital Markets London Energy Summit

LEKOIL's Chief Financial Officer in London, UK on Wednesday, May 7, 2014.


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09.04.2014

Holding(s) In Company

Lekoil announces an acquisition or disposal of voting rights.


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27.03.2014

OPL 310 Operations Update

OPL 310, Offshore Nigeria, Operations Update – 3D Seismic Acquisition


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19.03.2014

Holding(s) In Company

Lekoil announces an acquisition or disposal of voting rights.


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2013

17.12.2013

Holding(s) In Company

Lekoil announces an acquisition or disposal of voting rights.


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17.12.2013

Holding(s) In Company

Lekoil announces an acquisition or disposal of voting rights.


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16.12.2013

Holding(s) In Company

Lekoil announces an acquisition or disposal of voting rights.


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27.11.2013

Holding(s) In Company

Lekoil announces an acquisition or disposal of voting rights.


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26.11.2013

Holding(s) In Company

Lekoil announces an acquisition or disposal of voting rights.


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22.11.2013

Total Voting Rights & Directors’ Holdings Update

Lekoil announces that, further to the passing of all the resolutions at yesterday’s EGM, Lekoil’s issued share capital now consists of 329,906,233 ordinary shares of US$0.00005 each.


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21.11.2013

Holding(s) In Company

Lekoil announces an acquisition or disposal of voting rights.


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21.11.2013

Result of EGM

Lekoil announces the result of its EGM.


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19.11.2013

Ogo Drilling and Resources Update

Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa, and its partners Afren plc and Optimum Petroleum Development Ltd (together “the Partners”), announces the suspension of current drilling operations at the Ogo prospect located on the OPL310 licence offshore Nigeria and a significant upgrade to estimated gross mean recoverable resources compared to pre-drill expectations. 


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19.11.2013

Appointment of UBS as Joint Financial Adviser and Joint Broker

Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa, announces the appointment of UBS Investment Bank as Joint Financial Adviser and Joint Broker with immediate effect. 


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19.11.2013

Update on OML113, Offshore Nigeria

Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa, announces that, further to the announcement on 7 November 2013, the Company has decided to terminate the binding conditional Sale and Purchase Agreement (the “SPA”) with Pan Petroleum Aje Limited, Pan-Petroleum Nigeria Holding BV and Pan-Petroleum (Holding) Cyprus Limited (together, the “Parties”) entered into on 17 June 2013, according to which it proposed to acquire an interest in OML113. This is as a result of an inability to agree final terms with the Parties. 


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08.11.2013

Holding(s) in Company

Lekoil announces an acquisition or disposal of voting rights.


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07.11.2013

Update on the Proposed Acquisition of Interest in OML113, Offshore Nigeria

Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa, announces that, further to the announcement on 31 October 2013 (‘Intention to raise approximately US$100 million’), the Company is currently in discussions with Panoro Energy ASA (“Panoro”) with regards to securing an extension to the deadline of 6 November 2013 until 25 November 2013.


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05.11.2013

Posting of Circular and Notice of EGM

Lekoil (AIM: LEK), oil and gas exploration and development company with a focus on Nigeria and West Africa, announces that, further to the announcements on 31 October 2013 (p.m.) and 1 November 2013, the Circular, containing a notice convening an Extraordinary General Meeting to be held at 11.00 a.m. on 21 November 2013 at the offices of Norton Rose Fulbright LLP, 3 More London Riverside, London SE1 2AQ, was posted to shareholders yesterday.


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01.11.2013

US$100M Placing Completed

Completed placing of new Ordinary Shares at 55 pence per share to raise approximately US$100 million (approximately £62 million)


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31.10.2013

Intention to raise approximately US$100 million (approximately £62 million)

Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa, is pleased to announce it intends to undertake a private placement of new Ordinary Shares (“the Placing Shares”) with certain existing and new institutional and other investors via an accelerated book-build to raise gross proceeds of approximately US$100 million (approximately £62 million) (the “Placing”).


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31.10.2013

OPL310 Drilling Update

Lekoil (AIM: LEK), the oil and gas company with a focus on Nigeria and West Africa, is pleased to release an update on the Ogo-1 well.


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30.09.2013

Half Yearly Report

Lekoil plc (AIM: LEK) the oil and gas exploration and production company with a focus on Nigeria and West Africa more broadly, reports its Half Year Results for the six months ended 30 June 2013.


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30.09.2013

Ogo-1 Sidetrack Drilling Update

Lekoil (AIM: LEK), the oil and gas company with a focus on Nigeria and West Africa, is pleased to report that further to the announcement on 29 August 2013, the Ogo-1 sidetrack well is drilling ahead and is currently at a depth of approximately 16,000ft, with a proposed total depth of approximately 17,900ft. Testing is expected to commence thereafter.


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18.09.2013

Disclosure of Holdings

Lekoil announces that it has become aware of the following changes to the holdings in its issued share capital.


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16.09.2013

Update on the Proposed Acquisition of Interest in OML113

Lekoil announces that it has made a payment of $3 million as part of the Consideration to Panoro.  Lekoil and Panoro have agreed that the Company will fund the escrow with the balance of the consideration on or before 31 of October 2013.


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10.09.2013

Holding(s) In Company

Lekoil announces an acquisition or disposal of voting rights.


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04.09.2013

Holding(s) In Company

Lekoil announces an acquisition or disposal of voting rights.


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04.09.2013

Holding(s) In Company

Lekoil announces an acquisition or disposal of voting rights.


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03.09.2013

Holding(s) In Company

Lekoil announces an acquisition or disposal of voting rights.


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03.09.2013

Holding(s) In Company

Lekoil announces an acquisition or disposal of voting rights.


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29.08.2013

Drilling Update

Lekoil announces an update in relation to the drilling of the Ojo-1 sidetrack well.


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07.08.2013

Result of EGM

Lekoil announces the result of its EGM.


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19.07.2013

Posting of Circular and Notice of EGM

Lekoil announces that, further to the announcement on 17 July 2013, the Circular and Notice of EGM have now been posted to shareholders.


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17.07.2013

Placing of new Ordinary Shares at 39 pence per share to raise approximately US$20.0 million

Lekoil announces that it has conditionally raised, in aggregate, gross proceeds of approximately US$20.0 million (approximately £13.2 million) through the placing of, in aggregate, 33,850,000 new Ordinary Shares at a placing price of 39 pence per Ordinary Share with certain existing and new institutional and other investors.  The Placing, which has been conducted by Mirabaud acting as Sole Bookrunner and Revere Securities acting as US Placing Agent, pursuant to the terms of the Placing Agreement, is conditional upon Admission.


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26.06.2013

Significant oil discovery offshore Nigeria

Lekoil is pleased to announce that the high impact Ogo-1 well located on the OPL 310 licence offshore Nigeria has discovered a significant light oil accumulation, based on the results of drilling and wireline logs.


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18.06.2013

Lekoil Limited OML113 CPR

Competent Persons Report on the Aje field, OML113, Nigeria for Lekoil.


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18.06.2013

Proposed Acquisition of Interest in OML113

Proposed acquisition from a subsidiary of Panoro Energy ASA of a 6.502 per cent. participating interest (representing c. 16.3 per cent. cost interest and c. 12.2 per cent. revenue interest) in OML113 offshore Nigeria for a consideration of US$30 million.


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17.05.2013

Lekoil Limited FDD Announcement

Lekoil Limited Placing of 80,000,000 New Ordinary Shares to raise gross proceeds of £32 Million and admission to trading on AIM


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