A creditor of San Leon Energy, the London-listed oil and gas group headed by Irish businessman Oisín Fanning, has secured a court order to force the company to pay a €23m debt. Avobone, which was involved in a venture with San Leon in Poland, obtained the order in the High Court in London after San Leon missed payments that were due to Avobone following a court row last year. San Leon missed a scheduled payment to Avobone last month, prompting the legal move. San Leon said it had made a €3m part-payment to Avobone since the court order was obtained, and must pay €5.1m this month. Under a revised payment schedule, it has to pay €8m to Avobone during October this year and €6.7m during
Beleaguered London - listed oil and gas company San Leon has been slapped with a court order to repay a € 23 m ( $ 26 m ) debt to former creditor Avobone . The High Court order was carried out after San Leon missed payments to Avobone in September , and the firm will now be forced to pay € 5.1 m ( $ 36 m ) this month , followed by € 8 m in October and € 6.7 m in November . Shares in San Leon recently dropped below £ 0.30 ( $ 0.38 ) .