You are here

Loyz buying Thai oil concessions for US$65m

It sees fast returns, positive cashflow from purchase

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

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom