Lekoil to raise N6bn for development of the Otakikpo Marginal Field

Lekoil to raise N6bn for development of the Otakikpo Marginal Field

Lekoil Limited, an oil and gas exploration and development company, is set to raise the sum of $37.5 million, about N6 billion, through a special placing of 33,000,000 ordinary shares.
The company, in its half year 2014 financial statement presented to investors and the London Stock Exchange also disclosed that it is currently in discussions with a number of banks regarding provision of debt facilities for the development of the Otakikpo Marginal Field.
Source: lekoil.com
Oil and Gas Press

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