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MARKETS

Bank takes Aussie juniors US assets

ASX-LISTED smallcap Eon NRG has lost all its producing oil assets in the onshore US after missing payments on a loan to the Arab National Bank.

paul hunt
Bank takes Aussie juniors US assets

On Friday, Eon NRG confirmed the Arab National Bank had foreclosed on its assets, as the junior oil and gas producer was left scrambling to pay back A$10 million loan.  Eon was left in a sticky situation...

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