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Geo Energy Resources
Company in the news
Geo Energy's US$150 mil project secures insurance backing from Sinosure
“We are proud to have secured Sinosure’s full insurance backing for the US$150 million project." - Charles Antonny Melati, executive chairman & CEO of Geo Energy
23 days ago
Deals, joint ventures & alliances
Geo Energy signs agreement for equity investment by ResInvest ahead of schedule
Geo Energy signs agreement for ResInvest to purchase second tranche of US$5 mil treasury shares at 50 cents per share ahead of schedule
26 days ago
Billion Dollar Club 2024
Pan-United marks sector win with focus on carbon mineralised concrete
Pan-United Corporation, despite not winning any of the three metrics, has been named the overall sector winner of this industry
November 12, 2024
Commodities
Geo Energy announces cash proceeds of US$18 mil, represents recovery from previous failed commercial agreements
The group expects this cash proceeds to contribute positively to its cash position for the FY2024.
June 24, 2024
Commodities
Geo Energy confirms US$220 mil term loan from Bank Mandiri
Geo Energy aims to produce 25 million tonnes of coal a year from the acquired mine
September 24, 2023
Company in the news
Geo Energy Resources to spend up to US$200 million to double down on coal
The acquisition will give Geo Energy a 58.65% and 33% in a coal mining group and infrastructure company.
July 26, 2023
Insider moves
CEO Neo raises stake in GKE Corp; Geo Energy resumes buybacks
As at Nov 30, GKE's net asset value was 11.6 cents per share.
June 08, 2023
Company in the news
Amid spate of privatisation attempts, SIAS calls for IFA process to be improved
"More can clearly be done to protect the investing public when it comes to takeovers-cum-delistings"
June 05, 2023
Insider moves
Global Investments in active buybacks; ID Ong of Geo Energy halves his stake
As at March 31, the company’s net asset value per share was 16.01 cents
April 27, 2023
Results
Geo Energy reports 2HFY2022 earnings of US$56.6 mil, 56% lower y-o-y
A final dividend of 4 cents per share has been declared, bringing the total dividend for FY2022 to 9 cents per share.
February 27, 2023