Sequa Petroleum N.V. reported consolidated financial results for the year ended 31 December 2016. For the year, the company reported loss before taxation of $145,416,000 and loss for the period attributable to equity shareholders of $137,069,000 or 68 cents per diluted share against loss before taxation of $56,995,000 and loss for the period attributable to equity shareholders of $31,060,000 or 15.5 cents per diluted share for the last year. Net cash flows used in operating activities was $19,256,000 against $30,560,000 for the last year.