Nigeria-focused oil company Lekoil Ltd (LON: LEK) made the switch from AIM to Aquis on 18 May. Trading in the shares was suspended last September. Although the shares have been admitted to Aquis they will continue to be suspended until the latest audited accounts are published. That could be in June.
Lekoil is in dispute with Lekoil Nigeria, where it has a major interest, and former chief executive Mr Olaekan Akinyanmi, who is being funded by Lekoil Nigeria. The main source of assets will be the recovery of intercompany debts and there is likely to be little value in the oil and gas operat...