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Fenikso Limited announced on June 19, 2026, the receipt of US$971,881 as partial repayment of its Lekoil & Gas Investments (LOGI) loan, entered into on December 31, 2022. This payment leaves a remaining LOGI loan balance of US$31,420,093, equating to 8.65% of LOGI's most recent crude oil sales receipt, with the next payment scheduled for July 2026. Separately, Fenikso Limited previously fully repaid the Savanah Energy Investments Limited loan, as announced on December 31, 2025, and now has no outstanding loans to Savanah Energy Limited.
| Date | 19 Jun 2026 |
| Time | 11:23:17 |
| Category | Miscellaneous |
| ID | 0539J |
Fenikso Limited
Receipt of funds for repayment of US$51.9m loan
19th June 2026: Fenikso Limited (AQSE: FNK) (the "Company"), the Cayman Islands enterprise company, announces the receipt of funds under the Lekoil & Gas Investments ("LOGI") Loan entered in to on 31 December 2022 as part of the Fenikso restructuring. Fenikso Limited received US$971,881 as partial repayment of the loan of US$51,919,467. The remaining amount under the loan is US$31,420,093. The amount received equates to 8.65% of the most recent payment from crude oil sales received by LOGI. The next payment is scheduled for July 2026.
As announced on 31 December 2025, the Company has repaid the full balance of the Savanah Energy Investments Limited loan ("SEIL Loan") in accordance with the renegotiated terms of the SEIL Loan announced on 25 April 2025. The Company no longer has any loan outstanding to Savanah Energy Limited.
The Directors of Fenikso accept responsibility for this announcement.
For further information, please visit www.feniksoltd.com or contact:
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Fenikso Limited |
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Thomas Richardson, Chairman |
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First Sentinel Corporate Finance Limited |
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Brian Stockbridge, Corporate Adviser |
+44 7858 888 007 |