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Acquisition of Afren’s Interest in OPL 310

Lekoil (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, has agreed to acquire Afren plc’s (“Afren”) entire 22.86% participating interest in OPL 310, which contains the Ogo discovery, for a total cash consideration of US$13 million (the “Consideration”) (the “OPL 310 Acquisition”).

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