LEKOIL Updates Nigeria Operations

Friday, November 19, 2021

LEKOIL provided the following corporate and operational update for the month of October 2021 taken from information provided by Lekoil Nigeria

On the Otakikpo license, the company reported the following:

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

For OPL 310 (Ogo), OPL 325 and OPL 276, the company reported there were no material updates.

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