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Geo Energy Res    Last:0.45    -0.005

Geo rebound

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PQTPQK
    26-May-2026 11:30  
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why drop so much recently ?

Joelton      ( Date: 26-May-2026 11:10) Posted:

Geo Energy Group: Director Mr Tai Mern Tze has acquired 20,000 ordinary shares in the Company through a market transaction. 
 
Geo Energy Group announced that Director Mr Tai Mern Tze has acquired 20,000 ordinary shares in the Company through a market transaction.
 
Based on the disclosed consideration of S$10,600, the shares were acquired at an implied price of approximately S$0.53 per share.
 
Following the acquisition on 20 May 2026, Mr Tai holds a direct interest of 20,000 shares in Geo Energy.
 
The Group&rsquo s fundamentals remain strong. Our current production, logistics, customer relationships, and export activities continue as normal. We continue to make steady progress on our MBJ Integrated Infrastructure, with successful truck trials completed last week and on track to commence operations in the second half of 2026. Coal prices remain strong, with ICI4 at US$64.43 per tonne as of 22 May 2026. 
 
The Group will continue to execute its growth strategy and operational plans in a disciplined manner while remaining agile and responsive to evolving regulatory and policy developments.

 
 
Joelton
    26-May-2026 11:10  
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Geo Energy Group: Director Mr Tai Mern Tze has acquired 20,000 ordinary shares in the Company through a market transaction. 
 
Geo Energy Group announced that Director Mr Tai Mern Tze has acquired 20,000 ordinary shares in the Company through a market transaction.
 
Based on the disclosed consideration of S$10,600, the shares were acquired at an implied price of approximately S$0.53 per share.
 
Following the acquisition on 20 May 2026, Mr Tai holds a direct interest of 20,000 shares in Geo Energy.
 
The Group&rsquo s fundamentals remain strong. Our current production, logistics, customer relationships, and export activities continue as normal. We continue to make steady progress on our MBJ Integrated Infrastructure, with successful truck trials completed last week and on track to commence operations in the second half of 2026. Coal prices remain strong, with ICI4 at US$64.43 per tonne as of 22 May 2026. 
 
The Group will continue to execute its growth strategy and operational plans in a disciplined manner while remaining agile and responsive to evolving regulatory and policy developments.
 
 
easywin
    19-May-2026 10:16  
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Suppose to be good news why keep droping 

Joelton      ( Date: 19-May-2026 10:01) Posted:

Geo Energy Secures Offtake MOU for the Group&rsquo s Future Hard Coking Coal Business with Trafigura for up to US$100 Million Prepayment and Mining Services MOU with PT East Wonders Indonesia 
  • A significant prepayment amount of US$50-100 million has been agreed with Trafigura Pte Ltd (&ldquo Trafigura&rdquo ) to secure future offtake of PT Harfa Taruna Mandiri (&ldquo Harfa&rdquo ) coal. This offtake prepayment amount will boost the Group&rsquo s cash position and fund the capital required for the ramp-up and operations of Harfa.
  • An experienced underground mining contractor, PT East Wonders Indonesia (&ldquo EWI&rdquo ), backed by China mining giant, Shanxi Yulong Group, has committed to successfully perform the underground mining operations of Harfa for the next 15 years, including potential funding of certain CAPEX and operational costs.        
Commenting on this latest corporate milestone, Mr Charles Antonny Melati, Executive Chairman & Chief Executive Officer of the Group, said: &ldquo This is a tremendous opportunity for the Group to expand into a premium hard coking coal market while reinforcing long-term growth. Beyond the immediate commercial benefits, the opportunity enhances the Group&rsquo s ability to engage with top-tier institutional funds and investors, strengthening market visibility and credibility.
 
Such expansion allows diversification across the Group&rsquo s portfolio and positioning the Group for a broader range of global market opportunities. Further, it also contributes to the long-term sustainability of the business and future-oriented operating base for many years ahead.
 
The long-term partnership with Trafigura brings not only commercial strength but also strategic alignment, industry expertise, and access to global networks. Together with EWI, the Group is well positioned for sustainable growth and enhanced stakeholder value over the long term.&rdquo

 

 
Joelton
    19-May-2026 10:01  
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Geo Energy Secures Offtake MOU for the Group&rsquo s Future Hard Coking Coal Business with Trafigura for up to US$100 Million Prepayment and Mining Services MOU with PT East Wonders Indonesia 
  • A significant prepayment amount of US$50-100 million has been agreed with Trafigura Pte Ltd (&ldquo Trafigura&rdquo ) to secure future offtake of PT Harfa Taruna Mandiri (&ldquo Harfa&rdquo ) coal. This offtake prepayment amount will boost the Group&rsquo s cash position and fund the capital required for the ramp-up and operations of Harfa.
  • An experienced underground mining contractor, PT East Wonders Indonesia (&ldquo EWI&rdquo ), backed by China mining giant, Shanxi Yulong Group, has committed to successfully perform the underground mining operations of Harfa for the next 15 years, including potential funding of certain CAPEX and operational costs.        
Commenting on this latest corporate milestone, Mr Charles Antonny Melati, Executive Chairman & Chief Executive Officer of the Group, said: &ldquo This is a tremendous opportunity for the Group to expand into a premium hard coking coal market while reinforcing long-term growth. Beyond the immediate commercial benefits, the opportunity enhances the Group&rsquo s ability to engage with top-tier institutional funds and investors, strengthening market visibility and credibility.
 
Such expansion allows diversification across the Group&rsquo s portfolio and positioning the Group for a broader range of global market opportunities. Further, it also contributes to the long-term sustainability of the business and future-oriented operating base for many years ahead.
 
The long-term partnership with Trafigura brings not only commercial strength but also strategic alignment, industry expertise, and access to global networks. Together with EWI, the Group is well positioned for sustainable growth and enhanced stakeholder value over the long term.&rdquo
 
 
Joelton
    14-May-2026 10:39  
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Geo Energy Delivers Steady 1Q2026 Earnings Over the Previous Quarter, Declares Interim Dividend Payout of 34% Positioned for Higher Earnings in a Landscape of Rising Coal Prices, Higher Coal Output, and the Startup of MBJ&rsquo s Operations in the Coming Quarters 
  • The Group targets 2026 coal production to be 11.5-12.5 million tonnes based on the 2026 RKAB approvals for the TBR, SDJ and TRA coal mines. In line with the Group&rsquo s mining plan, SDJ and TBR coal production will start to slow down towards the end of their mining life, while the Group&rsquo s annual production will be driven by the increase in TRA coal production.
     
  • The increase in TRA coal production will commence after the completion of the MBJ Integrated Infrastructure in 2H2026, hence a larger proportion of the Group&rsquo s coal sales volumes would be in 2H2026. As a result, the Group&rsquo s coal sales volume was lower in the first quarter of the year at 1.8 million tonnes compared to the 3.5 million tonnes in 1Q2025.
  • Notably, average ICI4 prices was higher at US$52.38 per tonne in 1Q2026 (1Q2025: US$49.30 per tonne) amid geopolitical tensions that led to increased energy prices globally. The average ICI4 prices has since increased to US$60.61 per tonne for the month of April 2026, and further increased to US$63.56 per tonne as of 8 May 2026.
  • The Group reported revenue of US$95.8 million (1Q2025: US$166.4 million), a decrease of 42%, mainly due to the lower coal sales volume in the coal mining segment. While there were higher average selling prices of US$48.56 per tonne in 1Q2026 (1Q2025: US$46.98 per tonne), it had not fully captured the higher ICI4 prices as the sharp increase in the coal prices took place around March 2026.
  • The Group&rsquo s cash profit per tonne from coal mining for 1Q2026 remained resilient and strong at an average of US$10.66 per tonne (1Q2025: US$11.16 per tonne). Based on the current coal prices, cash profit per tonne is expected to increase in subsequent quarters from 2Q2026.
  • The Group delivered net profit of US$4.0 million in 1Q2026 which remained comparable to 4Q2025&rsquo s net profit of US$4.3 million. While the 1Q2026 net profit of US$4.0 million is lower than the US$14.1 million of 1Q2025, the outlook is positive based on the current strong coal prices and the ramping up of TRA production in 2H2026.
  • Committed to rewarding shareholders and a dividend policy of 30%, the Company has declared interim dividend of 0.1 SG cent per share in 1Q2026 (1Q2025: 0.25 SG cent per share).
  • This implies a dividend payout ratio of 34% in 1Q2026.
  • The Company&rsquo s market capitalisation exceeded S$1 billion on 13 April 2026, with a total shareholder&rsquo s return of around 200% since June 2023.
  • As announced on 8 January 2026, the Group has successfully completed the acquisition of 51% of the issued shares in both PT Trans Maritim Pratama (&ldquo TMP&rdquo ) and PT Bahari Segara Maritim (&ldquo BSM&rdquo ), the shipping businesses based in Indonesia. The acquisition allows the Group to secure key logistics capacity and maintain control over the entire logistic transportation process, from the Group&rsquo s mine to the mother vessels. This reduces reliance on third-party transporters, increases operational reliability, and allows the Group to increase its operational margins through the shipping businesses.
  • On 17 March 2026, the Group announced that it has secured two binding term sheets with third-party customers for an aggregate 9 million tonnes per annum of haulage volume, poised to generate a new recurring, toll-based revenue stream that is expected to be accretive to the Group&rsquo s revenue performance.
  • On 1 April 2026, the Group has entered a binding term sheet for an acquisition of a majority stake in PT Harfa Taruna Mandiri, a high-value hard coking coal mining concession in Central Kalimantan. This provides the Group the opportunity to diversify and enhance its coal mining portfolio from thermal coal to coking coal with limited risk to the Group, and secured entry into the premium hard coking coal market that commands a significant global price premium. The Group is in midst of performing due diligence and feasibility studies. More details or information will be shared in due course, if necessary.
  • As at 23 April 2026, the development of the MBJ Integrated Infrastructure has achieved approximately 90% completion and is on schedule to be completed by June/July 2026.
  • With a targeted capacity of up to 40-50 million tonnes per annum, MBJ&rsquo s Integrated Infrastructure will allow the Group to progressively increase its TRA&rsquo s coal production to 20-25 million tonnes per annum and yield substantial logistical savings for TRA&rsquo s coal operations.
  • In addition, the Group will be able to diversify and generate recurring revenue stream as an infrastructure provider with the remaining haulage capacity.
  • On 11 May 2026, the Group announced that it has secured a term sheet with Resource Invest AG for a substantial investment in the MBJ Integrated Infrastructure business at a valuation of US$1.5 billion. The US$1.5 billion valuation is attributed solely to MBJ, which is just one component of the Group&rsquo s broader asset portfolio, reflecting the fact that the Company&rsquo s share price remains largely undervalued despite crossing S$1 billion market capitalisation. 
     
 
 
Joelton
    21-Apr-2026 11:17  
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GEO ENERGY at S$1 Billion: Peak or New Baseline?

In the past week, Geo Energy Resources reached and sustained a  market capitalization exceeding  S$1 billion  &mdash driven by a convergence of rising cash flows from higher coal prices and structural milestones.

A foundation of the rally is rising coal prices. As of April 10, 2026, ICI4 coal prices have climbed toUS$60.40 per tonne, a significant US$15 increase over the 4Q2025 average, according to Geo Energy. Reasons: Strong demand from China and India, Indonesian national production quota cuts, and the ongoing oil crisis forcing power plants back to coal.

When paired with Geo Energy&rsquo s production target of  11.5 to 12.5 million tonnes, the financial implications are massive.

&bull   Export $: After accounting for the 30% Domestic Market Obligation (DMO), the exportable volume (roughly 8.4 million tonnes) of Geo Energy' s coal production in 2026 is set to capture an incremental revenue boost exceeding  US$100 million  for 2026.

&bull   Contractor cost: While these gains will be partially offset by higher fuel costs from contractors, the net impact remains overwhelmingly positive.

A Billion-Dollar Validation

On April 15, 2026, Geo Energy closed at  S$0.615, marking its position as a billion-dollar company. This looks like a fundamental re-rating.During the peak Covid years, ICI4  coal prices were even higher at ~US$100 and Geo Energy was hugely profitable.The market is finally pricing in the MBJ Integrated Infrastructure project.
" With the Group recently achieving a market capitalisation of over S$1 billion, we are now ready to scale new heights with the upcoming completion of the MBJ Integrated Infrastructure and the ramping up of TRA coal production"
-- Charles Antonny Melati, Executive Chairman & CEO, Geo Energy
Currently at  90% completion, the 92km hauling road and jetty in South Sumatra is the ultimate " moat."

By owning the logistics chain, Geo Energy will slash its own operating costs by an estimated  US$10 per tonne.Importantly, it has secured binding agreements for  9 million tonnes  of third-party haulage.At full capacity of 50 million tonnes per annum, this infrastructure alone could generate up to  US$300 million in EBITDA, transforming the company into a landlord with recurring, toll-based revenue.

Strategic Diversification: The Coking Coal Play
 


Adding fuel to the fire is Geo Energy&rsquo s recent foray into the high-value coking coal market.The acquisition of a 50.6% stake in PT Mutiara Hitam Sukses marks a departure from thermal coal into the premium steel-making sector. With coking coal fetching between  US$220 and US$250 per tonne, the margins are night-and-day compared to thermal coal.

Geo Energy projects that this asset -- currently pre-production -- could contribute an additionalUS$220&ndash $280 million  in annual cash profits once production ramps up.
This diversification significantly reduces the group&rsquo s risk profile and aligns it with the global demand for metallurgical coal required for green-energy infrastructure (like wind turbines).

The recent  S$18.4 million  share placement was  subscribed by institutional investors such as Asdew Acquisitions and high-net-worth individuals (Han Seng Juan, Joint Chairman of Centurion Corp)  -- an important vote of confidence.

As Geo Energy heads into the second half of 2026, it stands on the verge of an earnings acceleration.With the hauling road near commissioning, a premium coking coal asset in the bag, and a US$100 million+ revenue tailwind from thermal coal, the " New Geo Energy" is no longer a mining stock&mdash it is a diversified energy and logistics platform.

So potentially, the $1-billion market cap level is not the peak but a baseline, even if ICI4 coal prices ease off (not anytime soon) with the Middle East crisis. 
 

 
Joelton
    10-Apr-2026 11:40  
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Geo Energy Receives SGX Approval-in-Principle for 35 Million Share Placement         
 


Further to the Earlier Announcement relating to the proposed placement of up to 35,000,000 new ordinary shares (the &ldquo Placement Shares&rdquo ) in the capital of Geo Energy Resources
Limited (the &ldquo Company&rdquo ) at the placement price of SGD0.525 per Placement Share (the &ldquo Placement&rdquo ), the Board of Directors of the Company is pleased to announce that the Company has on 9 April 2026 received the approval-in-principle from the SGX-ST for the listing and quotation of the Placement Shares on the Mainboard of the SGX-ST (the &ldquo AIP&rdquo )
 
 
Joelton
    02-Apr-2026 07:49  
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Geo Energy Makes Strategic Entry into High-Value Coking Coal Market Signs Binding Term Sheet to Acquire Majority Stake in Concession Holder with Indicative 2P Reserves of 20 - 25 Million Tonnes of Hard Coking Coa
 
Geo Energy Group  has signed a binding term sheet to acquire a 50.61% majority stake in PT Mutiara Hitam Sukses (MHS), the parent company of the HTM coking coal concession. This acquisition marks a transformative leap in their diversification strategy, expanding our portfolio from thermal coal into the premium hard coking coal segment, a critical resource for the global steel industry.
 
Key Highlights of the Transaction:
 
&bull ⁠   ⁠ Premium Asset Quality: The HTM concession holds indicative 2P reserves of 20&ndash 25 million tonnes of high-quality hard coking coal.
 
&bull ⁠   ⁠ Strategic Location: The asset covers approximately 3,293 hectares in North Barito, Central Kalimantan, and holds a valid Production Operation Mining Licence (IUP-OP).
 
&bull ⁠   ⁠ Strong Financial Upside: With indicative selling prices of US$220 &ndash US$250 per tonne and an estimated cash cost of US$110 per tonne, this project is positioned to be highly value-accretive.
 
&bull ⁠   ⁠ Sustainable Mining: The project will utilise underground mining, offering a more environmentally sustainable footprint with lower capital expenditure compared to traditional open-pit operations.
 
&bull ⁠   ⁠ Revenue Growth: At a projected annual production of 2 million tonnes, the Target Company has the potential to generate US$220 million &ndash US$280 million in annual cash profits.
 
This milestone reinforces their trajectory toward becoming a billion-dollar integrated energy group. By securing a majority interest in this specialty coal segment, we are strengthening our resource base and positioning the Group for sustainable, long-term value creation.
 
See link for full media release:  https://geoenergy.listedcompany.com/news.rev/id/2603888
 
 
Joelton
    30-Mar-2026 11:59  
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Geo Energy Resources: Insider buying, capital raising and infrastructure upside

On Mar 25, Huang She Thong, chairman and CEO of Geo Energy Indonesia, bought one million Geo Energy Resources : RE4 0% shares at S$0.504 each. This grew his holdings from 29.83 million shares to 30.83 million shares.

As a co-founder of the group, he oversees its Indonesian operations, setting country strategy and executing marketing initiatives to drive sales growth, expand the customer base and enhance financial performance. He was appointed chairman and CEO of Golden Eagle Energy on Oct 18, 2023, with overall responsibility for the business and management.

Separately, on Mar 9, 2026, group chief operating officer Philip Hendry and group chief financial officer Adam Tan also purchased Geo Energy Resources shares at S$0.475 apiece.

On Mar 16, Geo Energy Resources completed a 35-million-share placement at S$0.425 a share. Through this, it raised about S$15 million to strengthen its capital structure, enhance financial flexibility and broaden its shareholder base.

The funds are intended to support the execution of ongoing projects and growth initiatives, reinforcing the group&rsquo s strategy to scale as a resilient, high-growth Indonesian energy and infrastructure player.

On Mar 17, the company announced that the Marga Bara Jaya integrated infrastructure project is 80 per cent complete and on track to be finished in mid-2026.

Geo Energy Resources also said it had secured binding third-party haulage commitments of nine million tonnes annually to create a new, recurring toll-based revenue stream.

Meanwhile, higher coal prices support an outlook for US$170 million to US$200 million in 2026 coal sales earnings before interest, taxes, depreciation and amortisation (Ebitda).

The infrastructure upside could also lift group earnings materially over the medium term, by up to an additional US$300 million in annual Ebitda.
 
 
ysh2006
    18-Mar-2026 12:46  
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Touching resistance soon just careful whether can cross or not....?
 

 
Joelton
    18-Mar-2026 09:45  
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Geo Energy&rsquo s Integrated Infrastructure Project Achieves 80% Completion Secures Two Binding Term Sheets with Third Parties for 9 Million Tonnes Annual Haulage Coal Prices Surge Amid Global Tensions
 
- MBJ Integrated Infrastructure achieves 80% construction milestone, on track for completion in June/July 2026.
 
- Truck hauling trials commencing in April 2026, supported by Coal Hauling Trial Services Agreement signed with two third-party service providers.
 
- The Group secured two binding term sheets with third-party customers for an aggregate 9 million tonnes per annum of haulage volume, poised to generate a new recurring, toll-based revenue stream that is expected to be accretive to the Group&rsquo s revenue performance.
 
- At full capacity of around 50 million tonnes of haulage per annum, MBJ should be able to generate up to an additional US$300 million in EBITDA annually for the Group within a few years&rsquo time. Geo Energy is well positioned to capture this new and robust recurring toll-based revenue stream and thereby enhancing long-term earnings resilience.
 
- The Group has set a target coal production of 11.5 - 12.5 million tonnes for 2026, subject to the final RKAB approvals from Ministry of Energy and Mineral Resources (&ldquo MoEMR&rdquo ).
 
- ICI4 coal prices have surged by US$13.60 per tonne from 4Q2025 average of US$46.37 per tonne to US$59.97 per tonne as of 13 March 2026, amid geopolitical tensions, strengthening market conditions for regional producers, including Geo Energy.
 
- Assuming coal production of 11.5 &ndash 12.5 million tonnes at current coal prices, the Group would be able to generate between US$170 &ndash US$200 million in EBITDA from its coal sales in 2026 alone (excluding MBJ infrastructure and marine logistics segments).
 
MBJ Integrated Infrastructure hits 80% completion positioned for operational readiness by early 3Q2026
 
The Group&rsquo s Integrated Infrastructure project under PT Marga Bara Jaya (&ldquo MBJ&rdquo ), comprising a 92km hauling road and jetty in South Sumatera, has achieved the 80% construction milestone and is on track for completion in June/July 2026.
 
To ensure seamless commissioning of the hauling road, MBJ will commence truck trial tests in early April 2026, conducted on completed road sections to validate operational readiness. Trial parameters will include gradient, load, braking, fuel efficiency and safety on completed sections of MBJ road.
To support the truck trials, the Group has signed two Coal Hauling Trial Services Agreement with PT Citra Andalan Mobilindo Cemerlang (&ldquo Shacman&rdquo ) and China North Vehicle Corporation Limited (&ldquo CCCC-Norinco&rdquo ) in January 2026.
 
These partnerships mark a key preparatory step toward full commercial operations. At full operational capacity of around 50 million tonnes of haulage per annum, the MBJ Integrated Infrastructure is targeted to generate up to an additional US$300 million in EBITDA per annum for the Group within a few years&rsquo time, reflecting its scale, cost efficiency and commercial potential.
 
Two binding term sheets secured for 9 million tonnes annual haulage
 
In parallel with commissioning activities of the Integrated Infrastructure, the Group has secured two binding term sheets with third-party coal producers for an aggregate haulage volume of approximately 9 million tonnes per annum.
This represents the Group&rsquo s first major step in building new, recurring toll-based revenue streams, positioning MBJ as unrivaled key regional logistics corridor. Further commercial discussions with additional counterparties are ongoing.
 
Together with the 25 million tonnes annual haulage allocated for the Group&rsquo s TRA coal mine, the Group has secured up to 34 million tonnes annual throughput for the MBJ Integrated Infrastructure.
 
Coal prices strengthen as global tensions drive energy market rally
 
Global coal prices have surged in recent weeks as geopolitical tensions and gas market disruptions underscores coal&rsquo s continued role in supporting grid stability and energy security across Asia.
 
The Group' s coal assets, noted for low ash and low sulphur, continue to be in demand among regional power and steel sectors for their " eco‑ coal" properties.
 
The ICI4 coal price as of 13 March 2026 was US$59.97 per tonne, representing a 29.3% increase over 4Q2025 average of US$46.37 per tonne. Meanwhile, McCloskey reported trades of US$61-64 per tonne for March and April cargoes relating to 4200GAR coal.
 
Targeted production volume of 11.5 - 12.5 million tonnes in 2026
 
In 2025, the Group achieved record coal production of 12.5 million tonnes, exceeding its target coal production of 10.5-11.5 million tonnes, highlighting the execution capabilities of the Group.
 
Subject to final RKAB approvals, the Group has set a target coal production of 11.5 &ndash 12.5 million tonnes for 2026. Assuming coal production of 115. &ndash 12.5 million tonnes at current coal prices, the Group would be able to generate between US$170 &ndash US$200 million in EBITDA from its coal sales alone (excluding contributions from MBJ infrastructure and marine logistics segments)
 
Commenting on these recent corporate developments, Mr Charles Antonny Melati, Executive Chairman & Chief Executive Officer of Geo Energy, said:
&ldquo Achieving the 80% completion milestone on the MBJ Integrated Infrastructure underscores our disciplined execution and moves us closer to unlocking the full value of our energy platform. At full capacity, MBJ alone is able to generate up to US$300 million in EBITDA per year for the Group.
 
The binding term sheets with third parties for an aggregate haulage volume of 9 million tonnes per annum and the trial agreements with CCCC-Norinco and Shacman demonstrate the strong commercial interest in the Integrated Infrastructure and our readiness for operations.
 
The recent uplift in coal prices further strengthens the Group&rsquo s earnings outlook as we progress toward our long-term growth vision of becoming a billion-dollar business and beyond.&rdquo
 
 
Joelton
    12-Mar-2026 11:25  
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Geo Energy Receives SGX Approval-in-Principle for Proposed Share Placement
 
Unless otherwise defined, all capitalised terms in this announcement shall bear the same meaning as in the announcement made by the Company on  5 March 2026  (the &ldquo Earlier Announcement&rdquo ).
Further to the Earlier Announcement relating to the  proposed placement of up to 35,000,000 new ordinary shares  (the &ldquo Placement Shares&rdquo ) in the capital of  Geo Energy Resources Limited  (the &ldquo Company&rdquo ) at the  placement price of SGD0.425 per Placement Share  (the &ldquo Placement&rdquo ), the Board of Directors of the Company is pleased to announce that the Company has on  10 March 2026  received the  approval-in-principle from the Singapore Exchange Securities Trading Limited (&ldquo SGX-ST&rdquo )  for the listing and quotation of the Placement Shares on the  Mainboard of the SGX-ST(the &ldquo AIP&rdquo ), subject to compliance with the SGX-ST&rsquo s listing requirements as well as the following:
(a) A written undertaking from the Company that it will comply with  Listing Rules 704(30) and 1207(20)  in relation to the use of the proceeds from the Placement and, where proceeds are to be used for working capital purposes, the Company will disclose a breakdown with specific details on the use of proceeds for working capital in the Company&rsquo s announcements on use of proceeds and in the annual report
(b) A written undertaking from the Company that it will comply with  Listing Rule 803
(c) A written undertaking from the  placement agent(s)  that they will ensure that the Company will comply with  Listing Rule 803
(d) A written confirmation from the Company that it will not issue the Placement Shares to persons prohibited under  Listing Rule 812(1) and
(e) A written confirmation from the placement agent(s) that the Placement Shares will not be placed out to persons under  Listing Rule 812(1).
The Placement Shares have to be placed out within  7 market days  from the date of the AIP.
The  SGX-ST&rsquo s approval-in-principle  is not to be taken as an indication of the merits of the Placement, the Company, its subsidiaries or its securities.
 
 
Joelton
    28-Nov-2025 10:52  
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Geo Energy: PhillipCapital maintains 59 cents target price
 
Geo Energy Resources has reported 3QFY2025 earnings that were below expectations but Paul Chew of PhillipCapital, citing major earnings drivers down the road, has maintained his " buy" call and 59 cents target price. 
 
Chew notes that coal prices have recovered " sharply" in the current 4QFY2025 to US$46 per tonne. In addition, the company' s construction of a 92-km-long hauling road and jetty is on schedule and will be ready in the middle of this coming year.
 
" The completion of the hauling road is a major earnings driver for Geo Energy Resources," says Chew.
 
Not only will it allow the production to be doubled, this road is also going to be leased to other mines for use and thereby generate additional income.
 
" We believe there are also opportunities to secure customers for the hauling road and even stake sale before the middle of 2026," says Chew.
 
 
Joelton
    30-Sep-2025 11:29  
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Geo Energy Secures New Upsized US$275 Million Loan Facilities from Bank Mandiri to Support its Growth Plans Reflects Strong Confidence of the Group' s Expansion Plans and Long-Term Growth Trajectory
&bull The new upsized loan facilities carries interest rates lower than the Group&rsquo s existing loan facilities from Bank Mandiri, Indonesia&rsquo s largest bank.
 
&bull Strengthens the Group&rsquo s liquidity position, with the new loan structure deferring a larger portion of repayment obligations to later years that will be supported by future income streams from its expansion plans.
 
&bull Renewed commitment from Bank Mandiri reflects strong confidence and endorsement of the Group' s expansion plans and long-term growth trajectory.
 
&bull Around US$200 million will be used for refinancing the Group&rsquo s existing loan facilities at a lower interest rate.
 
&bull Around US$55 million will be used for operational and capital expenditure for the accelerated expansion of its TRA coal mine, boosting production capacity to up to 25 million tons per annum over the next couple of years after the completion of MBJ&rsquo s integrated infrastructure targeted by June 2026.
 
&bull Around US$20 million will be used for the Group&rsquo s proposed strategic acquisition of the established shipping companies that specialises in logistics transportation  of commodities.
 
Previously, the Group secured a US$220 million facility from Bank Mandiri in September 2023 that was used mainly for the acquisition of PT Golden Eagle Energy Tbk which owns the TRA coal mine and PT Marga Bara Jaya which owns the Integrated Infrastructure that is currently under construction.
 
Commenting on the renewed commitment from Bank Mandiri, Mr Charles Antonny Melati, Executive Chairman & Chief Executive Officer of the Group, said:
 
&ldquo Securing this upsized loan facility from Bank Mandiri reflects the strong endorsement and confidence placed in our Group&rsquo s expansion plans and longterm growth trajectory within this vital energy sector.
 
The extension of the effective tenure and the lower interest rates will strengthen the Group&rsquo s liquidity and balance sheet, as well as profitability going forward.
 
Together with the Group&rsquo s upcoming completion of the Integrated Infrastructure, TRA&rsquo s ramp up to 25 million tonnes per annum and the acquisition of the barging business, the Group is well placed to deliver enhanced and sustainable returns, and position ourselves as a leader in our industry.
 
With greater financial flexibility and interest rate competitiveness from this new loan facility, we remained firmly on track to achieving our long-term vision of becoming a billion-dollar integrated energy group.&rdquo
 
 
tccroy
    15-Sep-2025 01:42  
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Did you cover your short selling or sold your holding?

piscesmonkey      ( Date: 15-Sep-2025 00:12) Posted:


 

 
piscesmonkey
    15-Sep-2025 00:12  
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tccroy
    14-Sep-2025 19:47  
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https://www.utilitydive.com/news/vistra-gas-nuclear-coal-plants-clean-energy-tulane/759990/

Thermal coal is more reliable than clean energy
 
 
tccroy
    12-Sep-2025 14:44  
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That's why BBs not in a hurry to collect from the sellers. Instead the contra players sell to him at 43 to close their position. Next week will go up after a short pause yesterday and today.

Login20      ( Date: 12-Sep-2025 14:07) Posted:

Today is also T+4 from 8 Sept price surge

 
 
tccroy
    12-Sep-2025 14:37  
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https://www.tradingview.com/symbols/SGX-M42F1!/forward-curve/?contract=M42F2%21

You copy this link

Dannkh      ( Date: 12-Sep-2025 08:01) Posted:

Where do you get this price? My chk on sgx & trading View show only US $42.50. Thks.

tccroy      ( Date: 11-Sep-2025 22:19) Posted:

M42 up 2% and hit above USD 45 to USD 45.82 and is trending up further north


 
 
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    12-Sep-2025 14:07  
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Today is also T+4 from 8 Sept price surge
 
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