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Investegate announcements from Good Energy Group, Result of Requisitioned General Meeting

Investegate announcements from Gabelli Value Plus+, Publication of General Meeting Circular

mzi khumalo....metallon....3 nov 2005....pic Russell Roberts...copyright Financial Mail Emerging details of the ownership and control structure of an indigenous oil and gas company, LEKOIL Nigeria Limited has cast doubt on the viability of a takeover attempt of the firm by South African mining company, Metallon Corporation Limited. In late November, Metallon in a letter to Lekoil indicated its desire to replace Lekoil’s Chairman (who has been in the saddle for little over two months) as well as introduce three non-executive directors to the Board of the company, a move which Lekoil’s Boar...

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 f...

Information on the Company The Company would like to take this opportunity to share with its Shareholders an update on its operations and commercial developments. The Company has acquired a balanced portfolio of assets including Otakikpo, a producing asset with near term upside; OPL 276, a potential near-term producing asset with significant resource potential; OPL 310, where the world-class appraisal asset Ogo is located; and OPL 325, which provides additional exploration optionality. Otakikpo - producing asset Despite the wider impact of COVID-19, operations at...