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Lekoil Reports Nigerian injunction

06/04/2022

LEKOIL 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. 

KeyFacts Energy: Lekoil Nigeria country profile

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