The company was due to pay €8m to Avobone in October and €6.7m in November, but announced on November 1 that it agreed with Avobone to make the payment in full no later than January 15. Oil and gas company San Leon Energy could face a winding-up petition after it refused terms over the repayment of funds owed to Dutch creditor Avobone. Earlier this year, the two firms agreed an outstanding €14.7m ($17.4m) debt would be paid no later than 15 January 2018, after San Leon had rescheduled previous payment deadlines. The deal was struck in July 2016 when Avone acquired assets from Petrobras for $US3.2bn (£2.3bn).
Oil and gas company San Leon Energy could face a winding-up petition after it refused terms over the repayment of funds owed to Dutch creditor Avobone. Earlier this year, the two firms agreed an outstanding €14.7m ($17.4m) debt would be paid no later than 15 January 2018, after San Leon had rescheduled previous payment deadlines. The deal was struck in July 2016 when Avone acquired assets from Petrobras for $US3.2bn (£2.3bn).