Independent gas and oil exploration firm San Leon Energy will struggle to meet payments of €8m ( $9.6m ) and almost €7m , due in October and November 2017 to Nigerian company Avobone , as it continues to wait for payments from its stake in a Nigerian oil field. While auditors KPMG expressed doubt about San Leon ability to continue to trade, in a statement, the Polish company said: "The directors have assumed that additional loan facilities of €12m will be obtained in October 2017 and a further €7m will be obtained in October 2017 to meet the group's payment commitments."
Independent gas and oil exploration firm San Leon Energy will struggle to meet payments of €8m ($9.6m) and almost €7m, due in October and November to Polish company Avobone, as it continues to wait for payments from its stake in a Nigerian oil field. While auditors KPMG expressed doubt about San Leon's ability to continue to trade, in a statement, the Irish company said: "The directors have assumed that additional loan facilities of €12m will be obtained in October 2017 and a further €7m will be obtained in November 2017 to meet the group's payment commitments."