AAG Energy Holdings Limited provided group earnings guidance for the year ended December 31, 2015. For the year, the company announced that based on the preliminary assessment of the unaudited management accounts of 2015, it is expected that the Group will report a net loss for the year ended 31 December, 2015 compared to a net profit of approximately RMB 195 million for the year ended 31 December 2014. This result was due principally to: a non-cash foreign exchange translation loss arising from the decrease in RMB exchange rate against USD; decrease in average realized selling price (ASP') of coalbed methane (CBM); expenses related to the company's listing on The Stock Exchange of Hong Kong Limited; and writing off unamortized costs related to the original USD 100 million Reserve-Based Lending (RBL) loan.