Pt geo energy group Namibia

Who is Geo Energy Group?

GEO ENERGY GROUP is a coal mining group, established since 2008, with offices in Singapore and Jakarta, Indonesia and production operations in Kalimantan, Indonesia. Geo Energy has been listed on Singapore Stock Exchange’s main board (Bloomberg Ticker: GERL SP) since 2012 and is part of the Singapore FTSE index.

Is Geo Energy a good investment in Indonesia?

Boasting over 351 million tonnes of thermal coal reserves, Geo Energy holds a prominent position in Indonesia. Additionally, its commendably low stripping ratio, approximately 4.8 for a large-scale coal operator, equips Geo Energy with resilience against cyclical fluctuations in volatile coal prices.

How many gei shares did PT Geo Energy Investama acquire?

Pursuant to the MTO, PT Geo Energy Investama (“GEI”) acquired 455,499,372 of GEE shares, representing 14.46% of the total issued share capital of GEE at a price of IDR1,305.50 per share. Following the MTO, number of GEE shares held by GEI is as follow:

When was the PT Geo Energy Investama MTO launched?

The Board wishes to update that the MTO was launched on 23 November 2023 and the transaction was completed on 27 December 2023 with T+2 settlement terms. Pursuant to the MTO, PT Geo Energy Investama (“GEI”) acquired 455,499,372 of GEE shares, representing 14.46% of the total issued share capital of GEE at a price of IDR1,305.50 per share.

Is Geo Energy a listed company?

Geo Energy was established in 2008 and became a listed company on the Mainboard of the Singapore Stock Exchange in 2012, under the stock code: RE4, and is part of the Singapore FTSE-ST index.

Is Geo Energy a reliable source of high-quality coal in Southeast Asia?

The pivotal shift to coal production in 2016, coupled with strategic partnerships, has enhanced efficiency, reduced costs, and positioned Geo Energy as a reliable source of high-quality coal in Southeast Asia. Geo Energy owns strategically located mining concessions in Kalimantan, Indonesia—BEK, SDJ, TBR, and STT.