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Statement re. Press Comment

Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa, notes the recent online media reports that it plans to issue $37.5 million of equity in relation to the development of the Otakikpo Marginal Field, offshore Nigeria.


Lekoil wishes to make clear that the Company is not undertaking an equity placement at present and the reports are erroneous and refer to events that occurred earlier this year in May.

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