The board of directors of Loyz Energy Limited announced that, following a preliminary review of the unaudited financial results of the Group for the fourth quarter and financial year ended 30 June 2015, the Group is expected to record a net loss. This was mainly attributable to the Group accounting for a one-time, non-cash impairment of its investments in both India and United States of America. The company intends to dispose these non- core assets for cash.

Given the current uncertainties surrounding oil prices, the company has decided to take a conservative approach in its assessment of its investments. Notwithstanding the above, the Group's core development and producing asset in Thailand continues to grow and contribute positively, generating profits and cash flow. The Group expects to be able to meet its target EBITDAX of USD 12 million for fiscal 2015 (as announced by the company on 14 May 2015 in the unaudited financial statements and dividend announcement for the third quarter ended 31 March 2015) despite the current low oil price environment.