The successful renegotiation of the consideration for the acquisition of a Thailand concession between Loyz Energy and Carnarvon Thailand, resulting in a gain on derecognition of deferred consideration of US$19 million, boosted results for Loyz Energy (Loyz) for its fourth quarter. Net profit was US$11.4 million, a reversal from a net loss of US$146,000 in the previous year.

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