You are here

Loyz buying Thai oil concessions for US$65m

It sees fast returns, positive cashflow from purchase
Tuesday, March 4, 2014 - 06:00

UPSTREAM oil and gas group Loyz Energy will be acquiring a 20 per cent stake in three offshore oil-producing concessions in Thailand for US$65 million. This marks Loyz's first foray into oil-producing concessions, which it reckons will deliver immediate returns and positive cashflows. Loyz said

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom