San Leon confirmed it received approximately$18.6m from Midwestern Leon Petroleum Limited (MLPL) in settlement of Loan Notes payments payable for Q3 2018. MLPL is a wholly-owned subsidiary of the Canadian company Cenovus Energy Inc.
San Leon confirmed it received approximately$18.6m from Midwestern Leon Petroleum Limited (MLPL) in settlement of Loan Notes payments payable for Q3 2018. A principal balance of $146.1m remains outstanding and continues to accrue interest at 17% per annum.