Financials and Investment News in Nigeria

Lekoil Announces Trading and operational update
3/26/2021 - LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, provides the following trading and operational update for the full year ended 31 December 2020.
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Pricing of Offering of $650M 7.75% Senior Notes due 2026
3/25/2021 - Seplat announces that it has priced its offering of $650 million in aggregate principal amount of 7.75% senior notes due 2026 (the "Notes"). The Notes will be issued by the Company and guaranteed by c...
Result of Oversubscribed Fundraising
3/24/2021 - ADM Energy PLC, a natural resources investing company, is pleased to announce the successful completion of its Fundraising which has now closed oversubscribed. The offer was enlarged to accommodate ad...
Refinancing of Reserve-Based Lending Facility
3/18/2021 - Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange and the London Stock Exchange, announces that its wholly owned subsid...
Eni, Claudio Descalzi & Top Managers Fully Acquitted by the Court of Milan
3/17/2021 - In relation to the Nigeria-Opl245 trial, Eni welcomes today's judgment of full acquittal of all charges, since there was no case, by the Court of Milan.

After almost three years of trial, ...
San Leon Provides Operational Update
3/16/2021 - San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, provides the following operational update.

OML 18
In common with many oil a...
LEKOIL Provides Director Loan - Update
3/10/2021 - LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces that the Board of the Company has decided to apply a portion of the salary payable to Mr. ...
Re Cost and Revenue Sharing Agreement for OPL 310
2/24/2021 - LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces that Mayfair Assets and Trusts Limited ("Mayfair"), in which the Company has a 90 per cent...
Statement Re. Share Price Movement
2/18/2021 - ADM Energy PLC, a natural resources investing company, notes the recent movement in the Company's share price. ...
AGPC Raises $260M to Complete ANOH Project
2/1/2021 - Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange and the London Stock Exchange, announces that its Incorporated Joint ...
BFPCL Takes FID on $3.6B Project
1/29/2021 - - At construction project to create 30,000 jobs, 5,000 when in operation
- Nigeria currently imports methanol 100%
- Meant to evacuate 14tcf gas from Brass over time

Brass Fertil...
COPL Announces £6,000,000 Placing
12/30/2020 - Canadian Overseas Petroleum Limited ("COPL"), an international oil and gas exploration and development company focused on sub-Sahara Africa, announces that: ...
Extension of Director Loan
12/18/2020 - LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces that the Board of the Company has agreed on an amendment to the loan agreement with Mr. Ol...
Payments to Optimum Petroleum Development Company
12/11/2020 - LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces that its wholly owned subsidiary, Mayfair Assets and Trusts Limited ("Mayfair") has receiv...
San Leon Provides Update on Investment in Oza Field
11/23/2020 - Further to its announcements of 1 September 2020 and 2 November 2020 regarding its proposed investment in Decklar Petroleum Limited ("Decklar") and the Oza Field in Nigeria, San Leon announces that th...
Shelf Drilling Reports 3rd Quarter 2020 Results
11/13/2020 - Shelf Drilling, Ltd. announces results for the third quarter of 2020 ending September 30.

David Mullen, Chief Executive Officer, commented: “The sequential declines in Revenue and EBITDA d...
Repayment of Prepayment Facility
11/11/2020 - LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and Africa, announces that LEKOIL Oil and Gas Investments Limited ("LOGL"), in which the Company has a 90 per cent. e...
Africa Oil Receives Fifth Dividend From Its Nigerian Asset
10/26/2020 - Africa Oil Corp. is pleased to announce that it has received its fifth dividend from Prime Oil and Gas B.V. (“Prime”), a company that holds interests in deepwater Nigeria production and development as...
Interim Results Reporting Timeline and Optimum Payment
9/28/2020 - LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, provides the following corporate update: ...
NNPC Obtains $1bn to Fund Upstream Operations
9/4/2020 - The Nigerian National Petroleum Corporation had obtained a prepayment funding of about $1bn to support the upstream operations of its subsidiary, the Nigerian Petroleum Development Company. ...

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