KrisEnergy Ltd. reported unaudited group earnings results for the full year ended December 31, 2017. For the period, the company reported revenue of USD 140,700,200 against USD 142,831,300 a year ago. Loss before tax was USD 134,832,300 against USD 234,644,100 a year ago. The loss was mainly attributable to impairment charges related to the working interest in the Block A Aceh PSC, write-offs related to the relinquishment of the Kutai PSC and higher finance costs incurred from the exchange of the 2022 Notes, 2023 Notes and the issuance of the 2024 ZCNs. Loss after tax for the year attributable to owners of the Group was USD 139,235,500 against USD 235,305,700 a year ago. Basic and diluted loss per share attributable to owners of the company was 9 cents against 16 cents a year ago. Adjusted loss before tax was USD 134,832,300 against USD 234,644,100 a year ago. EBITDA was USD 22,353,400 against USD 111,507,400 a year ago. EBITDAX was USD 26,804,000 against USD 51,059,100 a year ago. Net cash flows from operating activities were USD 23,082,600 against net cash flows used in operating activities of USD 4,306,500 a year ago. Purchase of other plant, property and equipment was USD 33,200 against USD 16,200 a year ago. The Group's net cash flow from operations was primarily a result of a lower reported net loss before tax and movements in working capital including proceeds from crude term sales agreement of USD 18.9 million. Net tangible asset per ordinary share for group was 0.10 cents against 0.17 cents a year ago. In fiscal 2017, the Group's actual capital expenditure amounted to USD 68.7 million.

The company provided capital expenditure guidance for the full year ending December 31, 2018. For the period the company expects total capital expenditure of USD 114,791,500.