Loyz Energy expects US$19.3m gain from Thai acquisition
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
