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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 yesterday...

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