Business
Receipt of Ministerial Consent for OPL310 Farm-in
Receipt of Ministerial Consent for OPL310 Farm-in.
About this update from Fenikso Ltd
[{"type":"text","content":"\n \nRNS Number : 7060H Lekoil Limited 09 June 2017 \n\n09 June 2017 \n \nLEKOIL Limited \n(\"LEKOIL\" or the \"Company\")\n \nReceipt of Ministerial Consent for OPL310 Farm-in\n\nLEKOIL (AIM: LEK), the oil and gas exploration, development and production company with a focus on West Africa, is pleased to announce that the Honourable Minister of Petroleum Resources of Nigeria has granted consent to complete the transfer of the original 17.14% participating interest that LEKOIL acquired in OPL 310 in February 2013 to Mayfair Assets and Trust Limited, a subsidiary of LEKOIL. \n \nLEKOIL's acquisition of Afren plc's (\"Afren\") remaining 22.86% participating interest in OPL 310 (through LEKOIL 310 Limited, a wholly owned subsidiary of LEKOIL) as announced on 1 December 2015 remains conditional upon receiving Ministerial Consent.\n \nLekan Akinyanmi, LEKOIL's CEO, said, \"We are delighted to have received ministerial consent on our original 17.14% participating interest in OPL 310. This is an asset with tremendous potential and I am delighted that we have achieved this significant milestone. We thank the Department of Petroleum Resources for their diligence and fostering an environment that encourages the attraction of investment in the Nigerian Oil and Gas sector.\"\n \n \nFor further information, please visit www.lekoil.com or contact:\n \nLEKOIL Limited\nAlfred Castaneda, Investor Relations\nHamilton Esi, Corporate Communications\n+44 20 3434 5800\n+44 20 7920 3150\n \nStrand Hanson Limited (Financial & Nominated Adviser)\nJames Harris / James Spinney / Ritchie Balmer\n+44 20 7409 3494\n \nMirabaud Securities...