Yanchang Petroleum International Limited provided earnings guidance for the year ended December 31, 2015. The board of directors of the company announced that the Group is expected to record a significant loss for the year ended December 31, 2015. The expected loss was mainly attributable to the significant impairment provision made for the Oilfield Blocks in Madagascar as well as the petroleum and natural gas properties in Canada as a result of the slump in international crude oil prices in 2015 and low oil prices expected to persist in 2016.