Asia Energy Logistics Group Limited provided earnings guidance for the year ended December 31, 2011. For the year, the company is expecting to record an increase in loss as compared to the loss for the year ended December 31, 2010. Based on the information currently available, the Board believes that the increase in loss was attributable to the change in fair value of contingent consideration payable and trading securities, loss on disposal of subsidiaries and share option expenses which are non-cash in nature and will not have any immediate impact on the cash flows of the Group.