Lekoil acquires 45pc interest in onshore Nigeria oil prospecting licence
23rd Aug 2019 12:19
(Sharecast News) - Nigeria and West Africa-focussed oil and gas exploration and development company Lekoil has agreed to acquire, subject to the receipt of the required consents, a 45% participating interest in the production sharing contract in relation to the oil prospecting licence 276, it announced on Friday, covering a territory located onshore in the eastern Niger Delta basin.
Read moreLekoil swings to profit as Otakikpo ramps up
19th Jun 2019 12:05
(Sharecast News) - Lekoil on Wednesday swung to an annual profit as revenue climbed after production at the Nigerian Otakikpo oil field ramped up.
Read moreLekoil chief financial officer Lisa Mitchell resigns
17th May 2019 09:18
(Sharecast News) - Exploration and development company Lekoil said on Friday that chief financial officer Lisa Mitchell has chosen to stand down from the group.
Read moreLekoil secures new facility with Sterling Bank
30th Jun 2016 13:19
(ShareCast News) - West Africa focused oil and gas exploration and development company Lekoil announced on Thursday the execution of a new debt facility totalling NGN 5bn. The AIM-traded company said the agreement was for the Otakikpo asset and was agreed with Sterling Bank, subject to the fulfilmen
Read moreLekoil raises $46m to acquire stake in Nigerian project
28th Oct 2015 15:29
(ShareCast News) - Oil and gas explorer Lekoil has raised $46m to back its planned acquisition of a project in Nigeria. In a short statement released on Wednesday, the London-listed company said it successfully completed the fund raising process after reaching a share placing agreement with BMO Capi
Read moreLekoil gushes higher after announcing first oil
7th Sep 2015 09:00
(ShareCast News) - Shares in AIM-listed Lekoil rocketed after it announced the start of oil production from the Otakikpo Marginal Field in the south-eastern part of the Niger Delta. The oil and gas exploration group said that following the successful re-entry of the Otakikpo-002 well, first oil flow
Read moreLekoil CFO steps down, search for a replacement already underway
29th Jun 2015 07:14
Lekoil's chief financial officer (CFO) David Robinson has stepped down from his role with immediate effect, the Nigeria-focused oil and gas explorer said in a statement on Monday. Robinson, who left the company for personal reasons, will be replaced on an interim basis by Valentine Ejiogu, the group
Read moreLekOil's Otakipo farm-in approved by Nigeria's petrol minister
16th Jun 2015 08:22
LekOil has confirmed that it has received consent from Nigeria's minister of petroleum resources for its acquisition of a 40% stake in the Otakikpo Marginal Field. The news follows LekOil's deal with Green Energy in May 2014 and will allow Lekoil to exercise rights and benefits within the confines o
Read moreThursday broker round-up UPDATE
16th Oct 2014 08:57
Afren: Investec cuts target price from 195p to 120p and reiterates its hold recommendation. Amerisur Resources: Investec lowers target price from 75p to 65p and maintains a buy recommendation. Antofagasta: UBS upgrades from sell to neutral with a target price of 710p. ARM Holdings: Credit Suisse r
Read moreThursday broker round-up UPDATE
2nd Oct 2014 10:11
BAE Systems: Investec downgrades from hold to sell with a target price of 430p. British Sky Broadcasting: Credit Suisse ups target price from 600p to 630p and reiterates an underperform rating. Cobham: Investec lowers target price from 290p to 280p and stays with its reduce rating. Consort Medical
Read moreThursday broker round-up UPDATE
22nd May 2014 08:34
ASOS: Goldman Sachs reduces target price from 7300p to 6250p, while upgrading to buy. BTG: N+1 Singer shaves target price from 488p to 486p retaining a sell recommendation. EKF Diagnostics: FinnCap initiates with a target price of 38p and a buy recommendation. Exova Group: Credit Suisse starts wi
Read moreLekoil acquires 40 per cent stake in Nigerian field
20th May 2014 12:12
AIM-listed oil & gas exploration group Lekoil Nigeria announced its subsidiary Lekoil and Gas has agreed to buy a 40 per cent stake in the Otakikpo Marginal Field. The West-Africa focused group will buy the stake from Green Energy International which holds 90% of economic interests in Lekoil. The f
Read moreTuesday broker round-up UPDATE
20th May 2014 07:58
Alent: UBS lowers target price from 360p to 355p and keeps a buy recommendation. APR Energy: Investec reduces target price from 1150p to 880p and stays with its hold recommendation. ARM Holdings: Goldman Sachs reduces target price from 1450p to 1400p and stays with its buy recommendation. AVEVA H
Read moreLekOil begins seismic in Nigeria
27th Mar 2014 15:06
Lekoil said it has started a 3D seismic programme on the OPL 310 offshore Nigeria. The programme will cover an area of about 1,505km sq representing approximately 80% of the acreage within OPL 310. Following completion of the 3D acquisition, processing and evaluation, the company will use the data
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