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Commencement of 3D Seismic Acquisition at Otakikpo
Commencement of 3D Seismic Acquisition at Otakikpo.
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[{"type":"text","content":"\n \nLEKOIL LIMITED (LEK)LEKOIL LIMITED: Commencement of 3D Seismic Acquisition at Otakikpo01-Feb-2018 / 07:57 GMT/BSTDissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.The issuer is solely responsible for the content of this announcement.\n\n01 February 2018\n\n \n\nLEKOIL Limited \n\n(\"LEKOIL\" or the \"Company\")\n\n \n\nCommencement of 3D Seismic Acquisition at Otakikpo\n\n \n\nLEKOIL (AIM: LEK), the oil and gas exploration, development and production company with a focus on Africa, has commenced the shooting of a 3D seismic survey at the Otakikpo Marginal Field (\"Otakikpo\") in OML 11, onshore and offshore in the south-eastern part of the Niger Delta. Sinopec Changjiang Engineering Services Limited (Sinopec) has been previously contracted by the Company to carry out the survey. Permits have been secured and mobilisation completed. Line cutting has commenced and is currently in progress. Preparations for seismic recording operations are at an advanced stage. The survey is expected to complete around June 2018.\n\nFollowing the completion of this seismic acquisition, the Company will then process and interpret the new 3D seismic data, subsequently releasing an updated Competent Person's report. \n\n \n\nLekan Akinyanmi, LEKOIL's CEO, said, \"The acquisition of 3D seismic data will provide valuable information to unlock further value at Otakikpo. Sinopec has a reputation for high-quality data acquisition and we are pleased to be working with them.\"\n\n \n\nFor further information, please visit www.lekoil.com or contact:\n\n \n\n\n LEKOIL Limited\n\n Alfred Castaneda, Investor Relations\n\n Lisa Mitchell, Chief Financial Officer\n\n  \n \n \n  \n\n +44 20 7920 3150\n\n +44 20 7920 3150\n \n  \n  \n \n Strand Hanson Limited (Financial & Nominated Adviser)\n\n James Harris / James Spinney / Ritchie Balmer\n\n  \n \n \n  \n\n +44 20 7409 3494\n\n  \n \n \n Mirabaud Securities LLP (Joint Broker)\n\n Peter Krens / Edward Haig-Thomas\n\n  \n \n \n  \n\n +44 20 7878 3362 / +44 20 7878 3447\n \n  \n \n BMO Capital Markets (Joint Broker)\n\n Jeremy Low / Neil Haycock / Thomas Rider\n\...