Loyz Energy

Loyz Energy: In an interview with The Edge magazine, Loyz Energy’s CEO Adrian Lee remains convinced that the potential rewards offered by the upstream oil and gas business, would outweigh the amount of time, investments and commitment put into the company. Lee added that once Loyz has built up its war chest and earnings begin expanding, investors could potentially be looking at triple-digit growth, highlighting that the recent three concessions in Thailand which Loyz took over in Feb, has already begun delivering free cash flows. With regards to investor concerns on the on-going political uncertainty in Thailand, which currently accounts for the bulk of Loyz oil production, Lee guided that the concessions are located at least about 300km north of Bangkok, and were relatively unscathed by the recent political turmoil in Thailand. Eventually, Lee aims to amass a portfolio of assets that are able to generate steady earnings and cash flows, which will steer the growth of the company. Lee however cautioned that building a sizeable portfolio of assets would require more capital, guiding that Loyz is currently looking at the equity-linked note programme as one of the many ways to raise capital, although he reassured investors that Loyz will also take steps to pace any potential cash-calls. Going forward, with fine progress from its Thailand operations and increasingly the US, Lee expects Loyz earnings to return to the black in the near future, which follows after two years of consecutive losses (FY13: $2.5m net loss).