12th Jun 2015 10:15
LONDON (Alliance News) - Roxi Petroleum PLC said Friday that it has received the repayment of a USD6.9 million loan as part of the process of selling its equity and debt interests in the Galaz contract area in Kazakhstan.
A payment of USD27 million to its subsidiary Galaz Energy BV remains outstanding, of which USD16 million will be attributable to Roxi, it said. It expects to receive these payments within the next week.
Once these are received, formal completion of the sale will take place, Roxi said.
Shares in Roxi are trading up 2.9% at 17.50 pence Friday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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