Receipt of first funds for repayment of
2nd March 2023: Fenikso Limited (AQSE: FNK) (the "Company"), the
Tom Richardson, Chairman, commented:
This is an important first step towards the Company rebuilding itself for the future. The board is focused on first repaying the creditor balance and then looking to ensure any additional cash received is used to maximise shareholder returns. Under current oil prices and production at Otakikpo the Company expects to have repaid creditors, excluding Savannah, by Q3 2023.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of
For further information, please visit www.feniksoltd.com or contact:
First Sentinel Corporate Finance Ltd (AQSE Corporate Adviser)
+44 203 989 2200