Lekoil Shares Suspended As Qatar Investment... | Morningstar:
Lekoil Ltd has requested shares be suspended in London on Monday after the validity of a loan was questioned.
At the start of January, Lekoil agreed a USD184.0 million loan from the Qatar Investment Authority for drilling and development at the Ogo field off the coast of Nigeria.
However, Lekoil said Monday representatives from the QIA have questioned the validity of the loan agreement.
The company said: "Lekoil is urgently seeking to establish, alongside its legal counsel and nominated adviser, the full facts of this matter, and pending this clarification, the company has requested that its ordinary shares be suspended from trading on AIM with immediate effect."
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