Investegate |Lekoil Limited Announcements | Lekoil Limited: Nigerian injunction
Investegate announcements from Lekoil Limited, Nigerian injunction
Source: investegate.co.uk
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IN BRIEF: Lekoil At Risk Of Losing 17% Interest In OPL 310 Licence
IN BRIEF: Lekoil At Risk Of Losing 17% Interest In OPL 310 Licence Fri, 11th Dec 2020 21:14 Lekoil Ltd - African oil exploration and production firm with interests in Nigeria and offshore Namibia - Receives letter from Optimum Petroleum Development Co, operator of the OPL 310 licence, stating its enforcement of the default clause specifying conditions for establishing default contained within the costs and revenue sharing agreement. Optimum enforces its default clause as payment of USD6.6 million to cover portion of sunk costs and consent fees have not been received by the end of November. Cl...
Source: lse.co.uk