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Fenikso Limited
Receipt of funds for repayment of US$51.9m loan
2nd April 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$516,684 as partial repayment of the loan of US$51,919,467. The remaining amount under the loan is US$33,190,252. 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 May 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 |
On 2 April 2026, Fenikso Limited announced the receipt of US$516,684 as partial repayment of its US$51,919,467 loan to Lekoil & Gas Investments, with US$33,190,252 remaining under the loan. The company also confirmed it had repaid the full balance of the Savanah Energy Investments Limited loan as of 31 December 2025, with no outstanding amount.
| Date | 2 Apr 2026 |
| Time | 07:00:05 |
| Category | Miscellaneous |
| ID | 1479Z |