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Last 17.50 GBp
Change Today -2.75 / -13.58%
Volume 3.6M
As of 11:35 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

lekoil ltd - di (LEK) Snapshot

20.00 GBp
Previous Close
20.25 GBp
Day High
21.00 GBp
Day Low
17.50 GBp
52 Week High
09/25/14 - 72.25 GBp
52 Week Low
08/28/15 - 17.50 GBp
Market Cap
Average Volume 10 Days
-0.01 GBp
Shares Outstanding
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: $821.8K
Compensation as of Fiscal Year 2014.

lekoil ltd - di (LEK) Key Developments

Lekoil Limited Provides Operational Update on Otakikpo Marginal Field

Lekoil announced the update regarding operational activity at the Otakikpo Marginal Field (Otakikpo). Re-entry activities on Otakikpo-002 commenced with the successful drilling-out of the cement plugs in the 9 5/8" casing. While attempting to drill-out the cement plugs in the 7" liner, the rig crew noticed a potential critical safety issue around the crown block of the rig which has forced temporary suspension of re-entry activities, for safety reasons, pending repairs and replacement of equipment. No injuries were incurred due to the proactive actions of the trained rig crew. Safety remains the high priority to Lekoil and its partner Green Energy International Limited (GEIL). Replacement parts may be sourced from outside the country and costs relating to the replacement of the rig equipment will be carried entirely by the drilling company, not Lekoil. As a consequence of this interruption, first oil is now expected to flow from the Otakikpo-002 to the Early Production Facility ("EPF") by the end of the third quarter of 2015. Lekoil has made significant progress to date at Otakikpo: All necessary approvals for the well re-entry plan were secured during 2014; The contracts for the Phase-1 Field Development Plan, which included a rig, well services and an EPF, were tendered and awarded during the first half of 2015; The Company had to overcome a series of significant logistical challenges related to road remediation and the building of a temporary bridge in order to bring the equipment to site. As a result of the work the surrounding local community have gained a significant socio-economic advantage. Prior to rig mobilisation large tracts of swamp land were reclaimed by sand-filling and land consolidation. Mobilisation of the rig equipment was completed and the rig mast was erected in preparation for well completion and production operations.

Lekoil Announces Appointment of Hezekiah Adesola Oyinlola as Non-Executive Director

Lekoil announced the appointment to the Board of Directors of Mr. Hezekiah Adesola Oyinlola as a Non-Executive Director with effect from 26 June, 2015. Mr. Oyinlola brings a wealth of industry experience to the Board. He was most recently Chairman of Africa at Schlumberger and was also the President of the Schlumberger Foundation, a non-profit corporate foundation.

Lekoil Limited Announces Executive Changes

Lekoil announced that by mutual agreement David Robinson, the Company's Chief Financial Officer, is leaving the Board, and the Company, with immediate effect. Valentine Ejiogu, the Company's Financial Controller, will be assuming leadership of the Company's financial function pending the appointment of a new Chief Financial Officer to the Board.


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