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Loyz Energy expects US$19.3m gain from Thai acquisition

Published Tue, May 2, 2017 · 09:50 PM

Singapore

EXPLORATION and production energy company Loyz Energy Ltd expects a significant gain of approximately US$19.3 million from its wholly owned subsidiary's 20 per cent acquisition of three onshore oil concessions located at Phetchabun Basin, Thailand that was completed in April 2014.

On Tuesday, the Catalist-listed company announced that Loyz Oil Thailand Pte Ltd agreed to the full and final settlement of the outstanding payment due to Carnarvon Thailand Ltd.

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