- Lekoil Limited (LEK), as mandated by the Federal Government of Nigeria and Ministry of Petroleum Resources has paid a license extension fee of US$7.5 million for OPL 310 block.
- The company funded the payment of license extension fee from a mix of existing financial resources and debt facilities.
- The company also paid in full the balance of outstanding G&A arrears of around US$3 million and $1 million of the US$5 million Operator's fee due to Optimum Petroleum Development Company, its partner on the Block.
- On 31st October 2019, at the time of writing, GMT 08:12 AM, LEK shares were trading at GBX 5.30, up by 0.55 points or 11.69 per cent against the previous day closing price.
With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities.
Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?
Well! Team Kalkine has a solution for you. You still can earn a relatively stable income by putting money in the dividend-paying stocks.
We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.