who's providing the loan?14 Jan 2020 11:58
t 2022. As previously announced on 30 August 2019, Lekoil is required to pay Optimum Petroleum Development Company Limited ("Optimum") sunk costs and consent fees by February 2020 - a payment estimated at c. US$10 million. LEKOIL is also required to show its ability by February 2020 to raise 42.86 per cent. of the drilling costs for one appraisal well, which is estimated to be c.US$28 million. Failure to make this payment on time may result in Lekoil and Optimum jointly seeking, and agreeing on, a willing buyer to whom the transfer of Lekoil's 17.14% participating interest in OPL 310, as well as all the financial obligations related to OPL 310, can be made.