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 Irish firm said Avabone would be paid using Nigerian funds as soon as they became available, and added it would "robustly defend" the winding-up order.