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Carnarvon takes equity stake in Loyz

Australian company Carnarvon Petroleum has agreed to take an equity stake in Singaporean player Loyz Energy as part of a 2014 deal which saw the latter take a 20% stake in three concessions in Thailand.

Equity deal: Carnarvon will take a stake in Singapore-listed Loyz in lieu of cash owed under a 2014 deal
Equity deal: Carnarvon will take a stake in Singapore-listed Loyz in lieu of cash owed under a 2014 deal
Published 18 January 2016, 04:34Updated 18 January 2016, 04:34
Asia & Oceania