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Victoria Oil & Gas PLC (AIM:VOG) | RNS | Victoria Oil & Gas

Victoria Oil & Gas PLC (AIM:VOG) | RNS | Victoria Oil & Gas
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Re-examining Metallon's interest in Lekoil

A South African based mining firm with an unimpressive track record has perfected plans to take over an oil company operating in Nigeria. Stakeholders believe that it will replicate its poor performance in Nigeria if left unchallenged.
Four weeks ago, Metallon Corporation Limited, a South African company with an unimpressive track record, started a process that could significantly alter the management and allegiance of LEKOIL Nigeria Limited, a 10-year-old Nigerian company.
On 15, November 2020, Lekoil received a notice from Strand Hanson of its resignation as nominated adviser, with effect from close of business 20, November 2020. On the same date that Strand Hanson’s resignation took effect, Lekoil received a letter from Metallon requesting an extraordinary general meeting. ....

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