Receipt of funds for repayment of US$51.9m loan

Summary by AI BETAClose X

Fenikso Limited has received US$535,650 as a partial repayment towards its US$51,919,467 loan from Lekoil & Gas Investments, representing 8.65% of a recent crude oil sales payment, with the remaining loan balance at US$34,624,609 and the next payment due before the end of December 2025. The company also faces a deadline to repay the full US$1,959,053 balance of the Savanah Energy Investments Limited loan by the end of December 2025, as per renegotiated terms.

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