Oil & Gas Exploration and Production | UK
Lekoil Ltd has cleared the Business screen. Its business activity is compliant with the Shariah standard. If you find this result mistaken or questionable, let us know in the comments.
The financials pass just one standard and fail in the other two.
Total Analysts: 0
1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL
|Dividends per Share|
Lekoil Limited (Lekoil) is an oil and gas exploration and production company with a focus on Nigeria and West Africa. The Company is engaged in exploration, development and production of crude oil and natural gas. The Company’s assets include the Otakikpo marginal field, Ogo Discovery and OPL 310, OPL 276 and OPL 325. The Otakikpo marginal field lies in a coastal swamp location in oil mining lease (OML) 11, adjacent to the shoreline in the south-eastern part of the Niger Delta. The OPL 310 is located in the Dahomey Basin on the West African Transform Margin. OPL 276 is located in the eastern Niger Delta basin in the estuary of the Calabar River. The OPL 325 is located in the offshore Dahomey Basin within the wrench zone that straddles the western Niger Delta, which is located 50 kilometer (km) to the south of OPL 310. The Company’s subsidiaries include Lekoil Nigeria Limited, Lekoil Exploration and Production (Pty) Limited, Lekoil Management Corporation, and Lekoil 310 Limited.
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