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. Beleaguered London-listed oil and gas group San Leon has been slapped with a court order to repay a €23m ($26m) debt to former creditor Avobone. The company was ordered by the High Court in Dublin on Friday to pay back €23.5m (£17.5m), which it owes for unpaid bills from its sale of assets including an offshore drilling rig Shares in San Leon recently dropped below £0.30 ($0.38).
Beleaguered London-listed oil and gas group San Leon has been slapped with a court order to repay a €23m ($26m) debt to former creditor Avobone. The company was ordered by the High Court in Dublin on Friday to pay back €23.5m (£17.5m), which it owes for unpaid bills from its sale of assets including an offshore drilling rig Shares in San Leon recently dropped below £0.30 ($0.38).