UK 06:56 Saturday, 17 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Lekoil (LEK) shares have really motored this year, posting a 100% gain in two days on the back of funding news for the Ogo asset in Nigeria. The realignment of interests with its partner (Optimum Petroleum Development Company) announced back in August 2019, was clearly a good deal for Optimum. This funding deal sees the asset move forward without costing it a penny and Lekoil’s CEO in particular does well from the deal, but is it a good deal for Lekoil shareholders?
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