Lekoil relaunches as Fenikso, settles Nigeria disputes
Fenikso, previously known as Lekoil, has settled its disputes with its former CEO, with half its board also stepping down.
LekOil
Lekoil loses its AIM, heads for new exchange
Conflicted Nigerian minnow Lekoil is dropping out of London’s AIM for good on May 18. It will shift to the Access segment of the AQSE Growth Market.
Savannah steps in to prop up Lekoil in subsidiary tussle
Savannah Energy has agreed to provide a convertible facility agreement to Lekoil, which intends to redouble its efforts to seize back control of its Nigerian subsidiary.
Lekoil directors squeak through in AGM vote
Lekoil shareholders have largely endorsed the current management plans, even while the company’s Nigerian subsidiary plans to make its move.
Updated: Lekoil Nigeria bites back with takeover offer for London parent
Lekoil Nigeria has made an offer to acquire its London-listed parent company, following a major corporate falling out.
Lekoil suspended amid subsidiary spat
Lekoil has finally posted its accounts for 2020, taking an impairment of more than $100 million on a Nigerian asset and acknowledging going concern worries.
Metallon calls it quits in Lekoil dispute
Miner Metallon has sold off its stake in Lekoil, sparking a near 30% rise in the Nigerian oil company’s share price.
Fired Lekoil boss took different job behind company’s back
The London-listed oil company locked in a battle with its former chief executive fired him in part for being hired as boss of a different company, which he now refuses to leave.
Lekoil sacks CEO amid loan fall out
Lekoil has sacked its CEO Olalekan Akinyanmi with immediate effect, the company has said.
Victory for Metallon in Lekoil vote
Lekoil shareholders have backed Metallon Corp.’s proposed board, despite some concerns flagged by the Nigerian government.
Metallon’s move on Lekoil risks local content penalty
Zimbabwean miner Metallon Corp. faces a new challenge in its pursuit of Lekoil with possible difficulties emerging over local content in Nigeria.
Lekoil faces fall from AIM in face of Metallon pressure
Lekoil has accused minority shareholder Metallon of attempting to seize control of the Nigerian minnow, ahead of the EGM planned for January 8.
Lekoil under fire from partners, shareholders
Lekoil has received a warning that unless it pays its bills at OPL 310 its stake may be sold off, while also facing shareholder demands for board change.
Namcor on the acquisition path with Lekoil
Nigeria’s Lekoil has struck a strategic alliance agreement to find producing assets with Namibia’s state-owned Namcor.
Numis drops oil and gas clients as work dries up
Numis Securities has opted to cut its natural resources division, driving a number of companies to seek new brokers.
Schlumberger signs on for Otakikpo work
Lekoil has signed service agreements with Schlumberger for drilling on the Otakikpo field, although it is continuing work on the financing.
Lekoil wins time following QIA scam
Lekoil has won some breathing space at OPL 310 where it had been due to stump up some cash in February that it could ill afford following a botched financing deal.
We were had, Lekoil admits
London-listed Lekoil was the victim of a scam that has all the hallmarks of a classic advance fee fraud case, the company admitted at the close of January 13.
Lekoil suspends shares on questionable Qatari financing
Lekoil’s plans in Nigeria have been thrown into doubt, and trading in the company’s shares suspended, as a finance deal that was supposed to have been signed with the Qatari Investment Authority (QIA) appears to have been bogus.
Lekoil starts OPL 310 survey
Nigeria’s Lekoil has begun a site survey on OPL 310, marking the restart of progress after the discovery well was drilled in 2013.
Lekoil lines up Qatari support for Ogo appraisal
Lekoil has set out plans to raise a $184 million loan from the Qatar Investment Authority (QIA) to fund work on the OPL 310 area, offshore Nigeria.
Lekoil goes local to pay off Shell debt
Lekoil has paid off its debt to Shell Western Supply and Trading through the raising of a new loan from FBNQuest Merchant Bank.
Lekoil receives payment for first Otakikpo oil
Oil and gas exploration company Lekoil has received payment for its first cargo lifted from the Otakikpo Marginal Field, offshore Nigeria.
MoU signed beween GE and Lekoil over offshore Nigeria fieldwork
Africa focused exploration and production firm Lekoil (AIM:LEK) has signed a memorandum of understanding (MoU) with American multinational GE Oil and Gas for offshore work in Nigeria.
Lekoil clinches $15m payment facility with Shell
Nigeria-based Lekoil said today it had agreed a $15million advance payment facility with Shell.