January 2, 2020 / 7:20 AM / 20 days ago

BRIEF-Lekoil Limited Says OPL 310 Appraisal Funding Secured

Jan 2 (Reuters) - Lekoil Ltd:

* OPL 310 APPRAISAL FUNDING SECURED

* SECURED FUNDING FOR APPRAISAL DRILLING AND INITIAL DEVELOPMENT PROGRAMME ACTIVITIES ON OGO FIELD WITHIN OPL 310

* ENTERED INTO A BINDING LOAN AGREEMENT WITH QATAR INVESTMENT AUTHORITY IN AMOUNT OF US$184.0 MILLION

* CEO LEKAN AKINYANMI TO PLEDGE HIS FULL HOLDING OF 39.1 MILLION SHARES IN CO AS PART OF SECURITY PACKAGE FOR FACILITY Source text for Eikon: Further company coverage:

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