Lekoil says OPL 310 license will not expire before court ruling due in March

Writer, Stock Market Wire
Friday, February 8, 2019 - 08:00

Oil and gas explorer Lekoil said Friday its OPL 310 license would not expire before the Federal High Court's ruling on the license due in March.

'The court granted Lekoil's application which effectively means that the license will not expire before the judgement of the Court is given on 28 March 2019,' the company said.

The company took the decision last year to pursue legal action in a bid to speed up the consent process for its acquisition of the additional 22.86% interest in OPL 310. At 8:00am: (LON:LEK) Lekoil share price was +0.08p at 10.29p


Related content

Lekoil agrees to refinance, redominate part of outstanding Naira debt facilities into USD

Lekoil said Monday it had agreed to refinance a portion of and redenominate its outstanding Naira debt facilities into United States Dollars, to mitigate its...

Mon, 11/03/2019 - 07:58


Lekoil annual profits slide

Lekoil reported Wednesday a lower profit for the year to the end of December compared to the previous year.

For the year ended 31...

Wed, 06/06/2018 - 10:14


Broker Forecast - Numis issues a broker note on Lekoil

Numis today initiates coverage of Lekoil (LON:LEK) with a buy investment rating and price target of 40p.

Broker Forecasts data provided by www.sharesmagazine.co.uk...

Tue, 24/04/2018 - 12:40


Lekoil appoints CFO

Lekoil has appointed Lisa Mitchell as its CFO with immediate effect.

Her arrival at the African-focused exploration company follows the resignation of Bruce Burrows,...

Mon, 02/10/2017 - 09:54


Lekoil appoints CFO

Lekoil has appointed Lisa Mitchell as chief financial officer with immediate effect.

Her appointment follows the resignation of Bruce Burrows who has decided to...

Mon, 02/10/2017 - 09:15