Lekan Akinyanmi, the chief executive of Lekoil (LON:LEK), explains what the upgrade to the size of the Otakikpo oilfield offshore Nigeria means for investors. Otakikpo is now estimated to contain 56.75mln barrels of oil, up from the prior estimate of 36mln barrels. He says the to-do list before reaching production at Otakikpo – expected by midway through next year – includes wrapping up debt financing.
Lekoil CEO on Otakikpo upgrade and exploration upside
< id="YT_video" object width="560" height="315">
Quick facts: Lekoil Ltd
Price: 2.75 GBX
Market Cap: £14.75 m
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE