Receipt of funds for repayment of US$51.9m loan

Summary by AI BETAClose X

Fenikso Limited has received US$542,674 as partial repayment of its Lekoil & Gas Investments (LOGI) loan, which was originally US$51.9 million. Following this payment, the outstanding balance on the LOGI loan is now US$35.7 million. The received amount represents 8.65% of LOGI's most recent crude oil sales payment, with the next payment scheduled before the end of November 2025. Furthermore, Fenikso is required to repay the full balance of the Savanah Energy Investments Limited loan, amounting to US$1.96 million, before the end of December 2025, according to renegotiated terms.

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