IN BRIEF: Fenikso receives partial repayment on USD51.9 million loan

Fenikso Ltd - investor in Nigerian oil and gas assets - Reports the receipt of funds under the Lekoil & Gas Investments loan that was entered into at the end of 2022, as part of the Fenikso restructuring. Receives USD798,277 as a partial repayment of the loan of USD51.9 million. Notes the remaining amount under the loan is USD32.4 million. Adds that the amount received equates to 8.65% of the most recent payment from crude oil sales received by Logi, with the next payment set for June.

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By Christopher Ward, Alliance News reporter

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