ASX junior flounders in face of bank default

AUSTRALIAN oil and gas small cap EonNRG is floundering in the face of a bank default notice, as it looks at all options, including selling its productive fields, to pay off a loan worth US$6.32 million (A$8.8M).

ASX junior flounders in face of bank default ASX junior flounders in face of bank default ASX junior flounders in face of bank default ASX junior flounders in face of bank default ASX junior flounders in face of bank default

 

EonNRG advised shareholders it was in a precarious position in May, posting a notice to the market that it had been issued a default notice from the Arab National Bank, and subsequently

  • FREE coverage of the coronavirus pandemic. Visit our COVID-19 hub
  • NEW: 2020 Social Licence Report - where is the industry heading? Read more
  • EMAGAZINE: ENB's latest special print edition is now online. Read here