Last 26.50 GBp
Change Today 0.00 / 0.00%
Volume 153.3K
LEK On Other Exchanges
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As of 11:35 AM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

lekoil ltd - di (LEK) Snapshot

Open
26.25 GBp
Previous Close
26.50 GBp
Day High
26.50 GBp
Day Low
26.25 GBp
52 Week High
07/2/14 - 81.25 GBp
52 Week Low
01/14/15 - 19.75 GBp
Market Cap
96.2M
Average Volume 10 Days
796.2K
EPS TTM
-0.10 GBp
Shares Outstanding
362.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for LEKOIL LTD  - DI (LEK)

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lekoil ltd - di (LEK) Details

Lekoil Limited is engaged in the exploration and production of oil and gas in Nigeria and Namibia. It owns a 77.5% interest in the Namibia blocks 2514 A&B located in Namibia; and 30% interest in OPL310, an offshore Nigerian asset located in the Dahomey-Benin Basin. The company was founded in 2010 and is based in Lagos, Nigeria.

Founded in 2010

lekoil ltd - di (LEK) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: $874.7K
Chief Financial Officer, Executive Director a...
Total Annual Compensation: $686.4K
Compensation as of Fiscal Year 2013.

lekoil ltd - di (LEK) Key Developments

Lekoil Limited Provides Update on Progress on the Otakikpo Marginal Field in Oil Mining Lease

Lekoil Limited provided an update on its progress on the Otakikpo Marginal Field in oil mining lease (OML) 11, offshore Nigeria, adjacent to shoreline in the eastern part of the Niger Delta. Lekoil, the Technical and Financial Partner in the Otakikpo project and its partner Green Energy, have secured approvals for the well re-entry plan. The Company has also commenced a phased re-entry plan, fully funded with cash on hand, to reach production. Earlier in the year, the Company had announced that it expected to begin production in the second half of 2015. Based on the updated phased approach, announced that production is now expected in the first half of 2015, six months ahead of the previous schedule. Under the terms of the acquisition of the interest in Otakikpo, Lekoil will fund costs to first oil and be entitled to recover this expenditure preferentially.

Lekoil Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended 30 June 2014; Announces Production Plans

Lekoil Limited reported unaudited consolidated earnings results for the six months ended 30 June 2014. Loss from operating activities was $5,305,511 compared to $8,800,363 a year ago. Loss before income tax was $5,305,511 compared to $8,800,299 a year ago. Loss attributable to owners of the company was $3,882,333 or $0.01 per diluted share compared to $8,472,029 or $0.06 per diluted share a year ago. Net cash used in operating activities was $24,970,929 compared to $10,873,910 a year ago. Acquisition of property, plant and equipment was $392,337 compared to $3,337 a year ago. Acquisition of exploration and evaluation assets was $15,759,585 compared to $35,755,930 a year ago. Capital expenditure during the period was primarily associated with OPL 310 and the acquisition of the Group's 40% interest in the Otakikpo marginal field. Processing of the OPL 310 seismic data is ongoing with fast-track and time-migrated seismic volumes expected in the fourth quarter of 2014, prior to further drilling in 2015. Detailed well planning and engineering studies are underway. Otakikpo field development planning underway with production currently expected to commence in the second half of 2015.

Lekoil Mulls Acquisitions

Lekoil Limited (AIM:LEK) is looking for acquisitions. Lekoil Limited stated, "We may also participate in marginal fields licensing rounds as well as looking selectively to acquire interests being divested by International Oil Companies and National Oil Companies."

 

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