PANTOMIME!7 Dec 2021 10:53
I suspect I speak for most shareholders when saying that holding Lekoil Ltd shares over the last few years has been one of the most frustrating experiences of their investment careers! We have been pulled from pillar to post. Lekoil Ltd has consistently failed to have any influence over the performance of Lekoil Nigeria whose track record in achieving their business objectives has been appalling and their handling of the Quatari loan fiasco embarrassing.
It is now time for the pantomime to end. Enough is enough, it is time to move on. Lekoil Ltd, as the Chairman of Lekoil Nigeria has pointed out "is redundant". It unfortunately has failed and has no future role to play. As shareholders we now need to move on and put this extremely frustrating investment behind us. Negotiate a sensible deal so we can cut our losses and exit ending this farce.