Lekoil Limited Provides Operational Update

Source: www.gulfoilandgas.com 11/18/2021, Location: Africa

LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, is pleased to provide the following corporate and operational update:

Operational Development for the month of October 2021 taken from information provided by Lekoil Nigeria

o Oil production in October 2021 of circa 5,110 bopd (gross)/2,044 bopd (net).
o Oil production in October 2021 was largely interruption free.
o Ongoing technical work for drilling of two (2) additional production wells.
o No material progress/update on financing required to drill additional production wells.

OPL 310 (Ogo):
o No material update.

OPL 325:
o No material update.

OPL 276
o No material update.

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