It is due to be heard on December 4. Oil and gas company San Leon Energy could face a winding - up order after it refused arbitration over the repayment of funds owed to Dutch creditor Avobone . Earlier this year , the two firms agreed an outstanding € ##100 m ( $ 17.4 m ) 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 .
Oil and gas company San Leon Energy could face a winding - up order after it refused arbitration over the repayment of funds owed to Dutch creditor Avobone . Earlier this year , the two firms agreed an outstanding € ##100 m ( $ 17.4 m ) 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 .