Feb 24 (Reuters) - Lekoil Ltd LEK.L :
* LEKOIL LIMITED - RE COST AND REVENUE SHARING AGREEMENT
FOR OPL
310
* LEKOIL - MAYFAIR ASSETS AND TRUSTS LTD HAS RECEIVED LETTER
FROM
OPTIMUM PETROLEUM DEVELOPMENT COMPANY
* LEKOIL - LETTER PROPOSING TO TERMINATE COST AND REVENUE
SHARING
AGREEMENT EXECUTED FOR OPL 310
* LEKOIL LTD - CO HAS 90% ECONOMIC INTEREST IN MAYFAIR
ASSETS AND
TRUSTS LIMITED
* LEKOIL - BELIEVES THIS FURTHER LETTER PROPOSING TO
TERMINATE
CRSA IS "NOT VALID" AS "RELEVANT PROVISIONS OF CRSA HAVE NOT
BEEN ADHERED TO BY OPTIMUM"
* LEKOIL - "WILL ENGAGE WITH OPTIMUM TO ENSURE THAT
APPROPRIATE
STEPS OUTLINED IN AGREEMENT ARE FOLLOWED, AND IS ALSO SEEKING
LEGAL ADVICE ON MATTER"
Source text for Eikon: ID:nRSX1199Qa
Further company coverage: LEK.L