Processing of Payment of US$2.0m for OPL 310 Ongoing -Lekoil Boss

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LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces today that the Company is in the process of making the agreed payment of US$2.0 million for OPL 310 in accordance with the agreement reached and announced by the Company on 21 January 2020.According to the statement sent to The AmehNews, the payment is to cover the portion of sunk costs and consent fees due on 20 March 2020, with an additional and final payment due in May 2020. The Company has given instructions for the payment to be made by its bank and will provide a further update when this process is completed.

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

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