Receipt of funds for repayment of US$51.9m loan

Summary by AI BETAClose X

Fenikso Limited announced the receipt of US$552,299 as partial repayment of the Lekoil & Gas Investments (LOGI) loan, which was originally US$51,919,467. This received amount represents 8.65% of LOGI's most recent crude oil sales payment. Following this repayment, the outstanding balance on the LOGI loan is US$35,160,260. Fenikso Limited is also required to repay the full balance of the Savanah Energy Investments Limited loan of US$1,959,053 before the end of December 2025, according to the renegotiated terms announced earlier this year.

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