Lekoil Limited Announces Nigerian Injunction

Source: www.gulfoilandgas.com 4/6/2022, Location: Africa

LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, notes that Lekoil Nigeria Limited and its subsidiaries, Lekoil Oil & Gas Investments Ltd, Mayfair Assets & Trusts Ltd, Lekoil 276 Ltd and Lekoil Exploration and Production Ltd (the "Plaintiffs")) have notified the Company of an ex-parte injunction granted by the Federal Court of Nigeria, Lagos Division, to restrain: (i) the transfer of interests in the Plaintiffs; (ii) altering the beneficial and/or equity rights of the Company in the Plaintiffs; and (iii) altering (or taking steps to alter) the Company's ownership, equity, share capital structure, rights or interest in the assets of the Plaintiffs.

The Company will take appropriate legal advice so it can assess its position and notes that the application was made, and the order was granted, without the Company having the opportunity to state its position. Further announcements will be made as appropriate.


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