San Leon San Leon faces financial difficulties while waiting for payments
Independent gas and oil exploration firm San Leon Energy will struggle to meet payments of €8m ($9.6m) and almost €7m, due in October and November to Polish company Avobone, as it continues to wait for payments from its stake in a Nigerian oil field. While auditors KPMG expressed doubt about San Leon's ability to continue to trade, in a statement, the Irish company said: "The directors have assumed that additional loan facilities of €12m will be obtained in October 2017 and a further €7m will be obtained in November 2017 to meet the group's payment commitments."

'The company is looking to shore up its financial footing as it seeks to meet payments due on foot of a dispute with former partner Avobone.' (stock photo)