The amounts due to group undertakings include the following:
1) A loan from TOO North Caspian Oil Development LLP and is an unsecured loan. Interest on the loan is charged at 15.5%. The loan is repayable by 28 February 2018.
The amounts due to parent undertakings include the following:
1) A loan from Boyan Consultancy Limited, a shareholder of the company. The loan is unsecured and repayable by 31 December 2018. Interest on the loan is charged at 6% per annum.
2) A balance due to Boyan Consultancy Limited, a shareholder of the company. The debt is unsecured and interest free with no fixed repayment terms.