Based on information currently available, the board of directors of International Standard Resources Holdings Limited announced that the group is expected to continue to record a loss for the year ended 31 December 2013. Such loss was mainly attributable to an impairment loss on production sharing contract; an amortisation of production sharing contract; a loss on restructuring of convertible notes of the company and the imputed interest incurred on the convertible notes of the company though there is a fair value gain on the embedded derivative portion of the convertible notes of the company.