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Resource to Reserve Conversion at Otakikpo

Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa more generally, announces the completion of an Addendum to the Competent Persons Report (“CPR”) on the Otakikpo Marginal Field (“Otakikpo”) by AGR TRACS International Ltd (“AGR TRACS”) (the “Addendum”), the authors of the original CPR in September 2014.

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