Thursday, April 11, 2019 02:50PM /
The Management of Conoil Plc (Conoil or the Company) wishes to notify the Nigerian Stock Exchange (The Exchange), its esteemed shareholders, stakeholders and the general public that the Company was unable to file its Audited Financial Statement for the year ended 31 December 2018 (2018 AFS) within the regulatory filing deadline.
The Company’s inability to file the 2018 AFS was as a result of the challenges experienced by its External Auditors in effecting the mandatory conversion to the International Financial Reporting Standard (IFRS 9). This inevitably interrupted the completion of the audit process.
Conoil however expects that the 2018 AFS should be ready and filed with The Exchange on or before 30 May 2019.