Metis Energy
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MANHATTAN RESOURCES - DISCOVERED OIL AND GAS!!!!!!
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run like ticklstar?
Metis
Shanaya
Livingston
Retailer BB
Accumulate
M
The next leg up is starting...the smart money has already moved in.....once the news is spreading the share price will moved up already...FOMO..No ..now is the time to pick it up while small retailers still sleeping..
Next stop 8 cts..waiting patiently
bernardc ( Date: 23-Apr-2026 16:54) Posted:
| Double bagger soon...metis making money now... |
|
Double bagger soon...metis making money now...
The Gunsynd solar farm has been commissioned...now earning money already...
It's time to Cheong liaow...
Now Metis becomes serious renewable energy coy...
Expecting double bagger soon.
Vietnam Portfolio
The Group made consistent progress in developing its operations in Vietnam, where we now have 51.88MWp of Commercial & Industrial rooftop solar facilities in operation. Among these includes the 26.15MWp Shundao Rooftop Solar Project, which stands as the largest single-site and single-customer C& I rooftop solar project in Vietnam since June 2022. In 2025, the Group successfully delivered an additional of 4.73MWp of C& I rooftop solar project in Vietnam. To date, the Group has deployed an extensive network of solar panels across rooftop space in Vietnam. These projects are expected to offset meaningful carbon emission for at least twenty years. The projects were achieved with non-recourse project financing secured from responsAbility Investment AG, a Swiss sustainability impact fund by meeting the stringent due diligence requirements and high standards of European financial institutions and Vietnamese Dong denominated project financing funded locally, reflecting growing institutional support for our renewable energy initiatives in the region.
No Of Shareholders With 1,000,001 & Above Shares =
52, Holding 2,962,927,175 Shares Or
97.68% Of Total Issued Shares!
Tightly Cornered Counter With Less Than
3% Shares Readily Available For Play Up!
Rest Of The Shares With Strong Shareholders Waiting For Extraordinary Gain!
Caveat Emptor!
Australia Portfolio
In Australia, we have made a
significant progress on our 111MWp DC/94 MW AC Utility Solar Project in Queensland, Australia. Following the acquisition of the project rights for development at the end 2022, the Group has secured key development milestones &ndash including all the necessary permits to commence construction, Connection Agreement with the Queensland Transmission Company, Energy Queensland, and the Development Approval from the local Town Council.
I am pleased to report that the project construction has been completed and entered into commissioning phase since November 2025. As part of the commissioning process, generation testing is being carried out in stages at increasing capacity levels. The project has successfully progressed through the initial stages and is
currently allowed to dispatch at more than 50% of capacity into the grid.
Once operational, this project will be capable of producing up to
250 gigawatt hours of energy annually, which is equivalent to abating approximately 150,000 tons of CO2 emissions and powering up to 32,000 households in Queensland annually.
We look forward to completing the remaining commissioning stages and achieving full operational capacity in due course, marking another important milestone in the Group&rsquo s growing renewable energy portfolio.
Post Trading Matching.....602,500 Done 41, Another 87,400 Pending....
Tomorrow Gap Up And Cheong!
Hmm 41 soldout?
piscesmonkey ( Date: 06-Apr-2026 17:06) Posted:
BB buying?
piscesmonkey ( Date: 06-Apr-2026 14:23) Posted:
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BB buying?
piscesmonkey ( Date: 06-Apr-2026 14:23) Posted:
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SECOND AMENDMENT OF ONWARD TRANCHE 2 LOAN AGREEMENT WITH ONWARD CAPITAL PTE. LTD.
(a) the Company&rsquo s announcement dated 15 March 2024 in relation to, amongst others, the entry into a loan agreement with Onward Capital Pte. Ltd, pursuant to which OCPL had agreed to extend to the Company a loan facility of up to a maximum principal amount of US$13,000,000 to finance the Group&rsquo s capital expenditure for renewable energy projects and general working capital requirements and
(b) the Company&rsquo s announcement dated 1 August 2025 in relation to the entry into an amendment deed with OCPL to vary the terms of the Original Onward Tranche 2 Loan Agreement, pursuant to which OCPL had agreed to extend to the Company an additional loan facility of up to a maximum principal amount of US$5,000,000
Pursuant to the Second Amendment Deed:
(a) the repayment due date for the principal amount and any accrued interest under Facility 1 shall be extended from 31 December 2025 to 31 December 2026
(b) an additional loan facility of up to a maximum principal amount of US$10,000,000 was extended to the Company by OCPL
(c) the interest rate under Facility 3 is the rate per annum fixed for the applicable SOFR Interest Period1 equal to two percent (2%) above the SOFR Rate2 as at the start of the SOFR Interest Period. This interest rate has been set at a rate below prevailing market rates as at the date of this announcement and
(d) the principal amount and any accrued interest under Facility 3 shall be fully repaid by the Company on or before 30 June 2027.
The Thread Starter Klinsmann Information Can No Longer Be Found Or May Have Left The Forum
My Bad, This Thread Started As Early As March 2017, Judging From The First Reply.
k2kingkong ( Date: 15-Mar-2026 20:30) Posted:
Based on my search, I found no evidence that Metis Energy has discovered oil and gas recently. The search results show:
What I Found
No Oil & Gas Discovery:
-
Metis Energy remains a pure-play renewable energy company focused on solar, wind, and battery storage
-
The company' s FY2024 annual report confirms its two business segments are: (1) Renewable Energy and (2) Corporate/Others&mdash including only " overburden removal services and equipment leasing" from legacy operations. The shipping segment was discontinued in 2024 with " no active operations" reported
Forum Misunderstanding:
Historical Context:
| Segment |
Activity |
Status |
| Solar |
Gunsynd Solar Farm (111 MW) |
AEMO registered, nearing operation
|
| Solar + BESS |
Bendemeer Phase 1 (252 MW + 150 MW/300 MWh) |
CIS Tender 4 awarded, development phase
|
| Rooftop Solar |
Vietnam C& I projects |
Operational, ~50 MW
|
Bottom Line: Metis Energy has not discovered oil and gas. It remains focused on renewable energy development in Australia and Vietnam. Any claims of fossil fuel discoveries appear to be misunderstandings or misinterpretations of renewable energy project milestones.
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You Assumed Metis Could Only Clinched The Bendemeer Energy Hub Tender Until 2030, Without Factoring In Metis Potential To Clinch Many More Such Green Project Internationally Over The Next Four Years!
https://metisenergy.com/global-projects/
You May Have Already Done A Background Check On The Low' s Family & Mr. Tang Kin Fei And Should Know What They Are Capable Of When Come To Clinching Contract Worth Hundreds Of Millions Or Billion Dollar Project!
k2kingkong ( Date: 15-Mar-2026 20:10) Posted:
Here' s a projection of Metis Energy' s potential revenue and profit when it achieves profitability:
Revenue Projections by Development Stage
Near-Term (FY2026-2027): Gunsynd Operational
| Project |
Capacity |
Annual Generation |
Revenue Estimate |
Assumptions |
| Gunsynd Solar Farm |
111 MWp / 94 MW AC |
~250 GWh |
A$15-20M (~S$13-18M) |
PPA at A$60-80/MWh, 30% capacity factor |
| Vietnam Rooftop (existing) |
~50 MW |
~70 GWh |
S$4-5M |
Current run-rate |
| Total Revenue |
|
|
S$17-23M |
|
Medium-Term (FY2028-2030): Bendemeer Phase 1
| Project |
Capacity |
Annual Generation |
Revenue Estimate |
| Bendemeer Solar + BESS |
252 MW solar + 150 MW/300 MWh BESS |
~550 GWh + storage services |
A$35-50M (~S$31-45M) |
| Gunsynd + Vietnam |
(existing) |
|
S$17-23M |
| Total Revenue |
~400+ MW operational |
|
S$48-68M |
Long-Term (2030+): 800 MWp Target
| Scenario |
Capacity |
Est. Annual Revenue |
| Conservative (600 MW operational) |
600 MW |
S$70-90M |
| Target Achievement (800 MWp) |
800 MWp |
S$95-120M |
| Optimistic (1 GW+ with storage) |
1 GW+ |
S$120-150M+ |
Profitability Margins & Net Profit Estimates
Industry Benchmarks for Operational Renewable Assets
| Metric |
Typical Range |
Metis Potential |
| Gross Margin |
60-75% |
~65-70% (no fuel costs) |
| EBITDA Margin |
70-80% |
~75% (minimal OPEX) |
| Net Profit Margin |
25-40% |
~30-35% (after financing costs, depreciation) |
Projected Net Profit by Stage
| Stage |
Revenue |
Net Profit Margin |
Net Profit |
Key Drivers |
| FY2026 (Gunsynd only) |
S$20M |
15-20%* |
S$3-4M |
Early stage, high financing costs |
| FY2028 (Bendemeer Phase 1) |
S$55M |
25-30% |
S$14-17M |
Scale efficiencies, optimized debt |
| 2030 (800 MWp target) |
S$100M |
30-35% |
S$30-35M |
Portfolio diversification, mature assets |
*Lower margin initially due to project-level debt service and ramp-up costs
Key Assumptions & Risks
Assumptions
-
Power Prices: A$60-80/MWh for firm solar PPAs in Queensland
-
Capacity Factors: 28-32% for Australian utility solar
-
Debt Terms: 60-70% project finance at 5-7% interest (post-construction)
-
OPEX: A$15-25/kW/year for solar, higher for BESS
Upside Scenarios
| Factor |
Impact |
| Merchant price exposure |
+10-20% revenue if spot prices exceed PPAs |
| Green certificates/LGCs |
+A$10-30/MWh additional revenue in Australia |
| Battery arbitrage |
BESS can generate 2-3x revenue per MW vs. solar alone |
Downside Risks
| Risk |
Impact |
| Construction delays |
Push profitability 12-24 months |
| Grid curtailment |
Reduce effective capacity factor to 20-25% |
| Interest rate rises |
Increase financing costs, squeeze margins |
| PPA renegotiation |
Lower contracted prices at renewal |
Valuation Implication
If Metis achieves S$100M revenue and S$30M net profit by 2030:
| Metric |
Value |
Multiple |
Implied Valuation |
| P/E Ratio |
S$30M |
15-20x |
S$450-600M market cap |
| EV/Revenue |
S$100M |
8-12x |
S$800M-1.2B enterprise value |
Current Market Cap: ~S$130M
Potential Upside: 3.5-4.5x if targets are met and margins stabilize at industry norms
Summary
| Timeline |
Revenue |
Net Profit |
EPS (S$)* |
| FY2026 |
S$20M |
S$3-4M |
~0.001 |
| FY2028 |
S$55M |
S$14-17M |
~0.005 |
| FY2030 |
S$100M |
S$30-35M |
~0.01 |
*Based on ~3.03 billion shares outstanding
Bottom Line: Metis could generate S$30-35 million in annual net profit by 2030 if it successfully develops its 800 MWp pipeline. The key inflection point is FY2026-FY2027, when Gunsynd ramps to full operation and provides the cash flow to fund Bendemeer development without excessive dilution.
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Bro, This Is An Old Thread Started By
Klinsmann In October 2017 And Had Since Garner
48697 Views & 393 Replies!!!!!
I Shared The Company' s Latest Development Using The Old Thread, So That Both Old-Timer & Newcomers Can
Look Back Into It' s History And Learn About It' s Latest Development, Unlike Some Other Thread Starters Who Posted New Threads With The Intention To Mislead Or Coverup Some Companies' Ugly History!
Readers Need To Exercise Their Due Diligents And Caution When Doing Their Research Or Making Any Investment Decision.
k2kingkong ( Date: 15-Mar-2026 20:30) Posted:
Based on my search, I found no evidence that Metis Energy has discovered oil and gas recently. The search results show:
What I Found
No Oil & Gas Discovery:
-
Metis Energy remains a pure-play renewable energy company focused on solar, wind, and battery storage
-
The company' s FY2024 annual report confirms its two business segments are: (1) Renewable Energy and (2) Corporate/Others&mdash including only " overburden removal services and equipment leasing" from legacy operations. The shipping segment was discontinued in 2024 with " no active operations" reported
Forum Misunderstanding:
Historical Context:
| Segment |
Activity |
Status |
| Solar |
Gunsynd Solar Farm (111 MW) |
AEMO registered, nearing operation
|
| Solar + BESS |
Bendemeer Phase 1 (252 MW + 150 MW/300 MWh) |
CIS Tender 4 awarded, development phase
|
| Rooftop Solar |
Vietnam C& I projects |
Operational, ~50 MW
|
Bottom Line: Metis Energy has not discovered oil and gas. It remains focused on renewable energy development in Australia and Vietnam. Any claims of fossil fuel discoveries appear to be misunderstandings or misinterpretations of renewable energy project milestones.
|
|
Based on my search, I found no evidence that Metis Energy has discovered oil and gas recently. The search results show:
What I Found
No Oil & Gas Discovery:
-
Metis Energy remains a pure-play renewable energy company focused on solar, wind, and battery storage
-
The company' s FY2024 annual report confirms its two business segments are: (1) Renewable Energy and (2) Corporate/Others&mdash including only " overburden removal services and equipment leasing" from legacy operations. The shipping segment was discontinued in 2024 with " no active operations" reported
Forum Misunderstanding:
Historical Context:
| Segment |
Activity |
Status |
| Solar |
Gunsynd Solar Farm (111 MW) |
AEMO registered, nearing operation
|
| Solar + BESS |
Bendemeer Phase 1 (252 MW + 150 MW/300 MWh) |
CIS Tender 4 awarded, development phase
|
| Rooftop Solar |
Vietnam C& I projects |
Operational, ~50 MW
|
Bottom Line: Metis Energy has not discovered oil and gas. It remains focused on renewable energy development in Australia and Vietnam. Any claims of fossil fuel discoveries appear to be misunderstandings or misinterpretations of renewable energy project milestones.
Investment Implication
The failure to meet the original 1 GW 2025 target is a negative indicator of execution capability, though the revised 800 MWp by 2030 target is more achievable. The Gunsynd project reaching operation in late 2025/early 2026 will be a critical catalyst to watch&mdash if successfully commissioned, it validates their development model and could improve investor confidence in the revised targets.
1. Development Cost (CAPEX) to Build 1 GW
| Technology |
Cost per MW |
Total Cost for 1 GW |
Source |
| Solar PV (Utility-Scale) |
$0.85&ndash $1.45 million |
$850M&ndash $1.45 billion |
|
| Solar PV (Optimized/Asia) |
~$0.39 million |
~$390 million |
|
| Onshore Wind |
$1.1&ndash $1.3 million |
$1.1&ndash $1.3 billion |
|
| Offshore Wind |
$2.3&ndash $3.0 million |
$2.3&ndash $3.0 billion |
|
Key Insight: Solar PV is the cheapest at ~$850k&ndash $1.2M per MW for utility-scale projects in developed markets, while offshore wind remains the most capital-intensive at $2.5M+ per MW.
2. Asset Valuation (EV/MW Multiples)
This reflects what investors pay to acquire existing renewable energy assets:
| Technology |
EV/MW Range |
Enterprise Value for 1 GW |
Typical Stage |
| Solar PV |
$800k&ndash $1.2M |
$800M&ndash $1.2 billion |
Operational/Construction-ready
|
| Onshore Wind |
$1.2M&ndash $1.8M |
$1.2&ndash $1.8 billion |
Operational
|
| Offshore Wind |
$2.5M&ndash $4.0M |
$2.5&ndash $4.0 billion |
All stages
|
| Offshore Wind (2023 avg) |
&euro 2.5M (~$2.7M) |
~$2.7 billion |
All stages
|
Example Transaction: In 2024, KKR bid &euro 2.1 million/MW ($2.3M/MW) for Encavis, a European renewable developer with a portfolio of onshore wind and solar assets.
3. Development Stage Valuation (Pre-Construction)
For projects not yet built, valuations are much lower&mdash reflecting risk and capital required:
| Development Stage |
EV/MW Range |
Value for 1 GW |
| Early-Stage (Offshore Wind) |
< &euro 54k (< $59k) |
< $59 million
|
| Mid-Stage (Offshore Wind) |
&euro 50k&ndash &euro 150k ($54k&ndash $163k) |
$54&ndash $163 million
|
| Construction-Ready (Onshore Wind) |
~&euro 300k (~$325k) |
~$325 million
|
4. Revenue Value (Annual Generation)
| Metric |
Value for 1 GW |
Calculation |
| Annual Revenue (PPA @ $60/MWh) |
~$105&ndash $150 million/year |
1 GW × 30-35% capacity factor × $60/MWh × 8,760 hours
|
| 20-Year PPA Value |
~$2.1&ndash $3.0 billion |
Undiscounted gross revenue |
| LCOE (Solar) |
$28&ndash $41/MWh |
Cost to generate, not asset value
|
Summary Table: What Is 1 GW Worth?
| Context |
Estimated Value |
Notes |
| Cost to Build (Solar) |
$850M&ndash $1.45B |
Upfront CAPEX
|
| Cost to Build (Offshore Wind) |
$2.3B&ndash $3.0B |
Highest capital intensity
|
| Acquisition Value (Operational Solar) |
$800M&ndash $1.2B |
EV/MW multiples
|
| Acquisition Value (Operational Offshore Wind) |
$2.5B&ndash $4.0B |
Premium technology
|
| Development Value (Early-Stage) |
$50M&ndash $325M |
Risk-adjusted, pre-construction
|
Application to Metis Energy
Metis Energy' s current portfolio:
-
Operational: ~47&ndash 50 MW (Vietnam rooftop solar)
-
Under Construction: 111 MW (Gunsynd Solar Farm)
-
Development Pipeline: > 1 GW (including Bendemeer)
At current market multiples:
-
Their 111 MW Gunsynd project alone would be valued at roughly $89&ndash $133 million if operational (using $800k&ndash $1.2M/MW solar multiples)
-
Their total 1 GW+ pipeline (if fully developed and operational) could theoretically be worth $800M&ndash $1.2B+ in enterprise value
However, as a development-stage company with only ~50 MW operational and ~111 MW under construction, Metis Energy' s current market cap of ~S$130 million (~US$97M) reflects significant execution risk and discounting for pre-revenue status.
Here' s detailed information about Metis Energy' s (SGX: L02) management team, board of directors, and major investors:
Management Team
| Name |
Position |
Tenure |
Key Details |
| Mr. Kin Fei Tang, BEng |
Interim CEO & Executive Chairman |
Since Nov 2023 (~2.3 years) |
Born 1951 total compensation S$365.4k owns 25M shares (0.82% stake, worth ~S$950k)
|
| Mr. Alvin Neo |
Chief Financial Officer |
~2.5 years |
&mdash |
| Mr. Meng Poh Ng |
Head of Project Development & Operations |
&mdash |
Oversees renewable energy project execution |
| Ms. Yeit Lam Kwang, ACIS |
Company Secretary |
~14 years |
Longest-serving executive team member
|
Management Experience: The management team averages 2.5 years tenure, considered relatively experienced for a company in transition.
Board of Directors
| Name |
Position |
Tenure |
Compensation |
Shareholding |
| Kin Fei Tang |
Executive Chairman & Interim CEO |
~5.2 years |
S$365.4k |
25M shares (0.82%) |
| Tong Hai Tan |
Non-Executive & Non-Independent Director |
~3.8 years |
S$43.4k |
40M shares (1.32%) |
| Ajaib Hari Dass |
Lead Independent Director |
~5.2 years |
S$75.0k |
&mdash |
| Fook Choon Lee |
Independent Director |
~7.4 years |
S$50.1k |
588,800 shares (0.019%) |
| Yek Lee Tan |
Independent Director |
~1.9 years |
S$45.1k |
&mdash |
Board Composition: 4 out of 5 directors are independent (80%), with Ajaib Hari Dass serving as Lead Independent Director to ensure balanced oversight despite the non-independent Chairman.
Committee Structure:
-
Audit Committee: Paul Tung Zhihong (Chair), Ajaib Dass, Fook Choon Lee
-
Nominating Committee: Ajaib Dass (Chair), Kin Fei Tang, Paul Tung
-
Remuneration Committee: Ajaib Dass (Chair), Kin Fei Tang, Paul Tung
-
Executive Committee: Kin Fei Tang (Chair)
Major Shareholders & Investors
As of March 17, 2025, the ownership structure is highly concentrated:
| Shareholder |
Shares Held |
Ownership % |
Type |
| Kaiyi Investment Pte Ltd |
1,019,475,000 |
33.61% |
Private Company |
| Energy Resource Investment Pte Ltd (ERI) |
830,046,700 |
27.36% |
Private Company |
| Dato' Dr. Low Tuck Kwong |
551,491,527 |
18.18% |
Individual |
| Citibank Nominees Singapore Pte Ltd |
576,719,843 |
~19% |
Nominee |
| Tong Hai Tan |
40,000,000 |
1.32% |
Director |
| Kin Fei Tang |
25,000,000 |
0.82% |
CEO |
Key Ownership Insights:
-
Combined Control: Kaiyi Investment and Energy Resource Investment together hold 60.97% of the company, giving them absolute control
-
Public Float: Only
~18.49% of shares are held by the public, making this a tightly controlled stock
-
Top 20 Shareholders: Control 95.28% of the company
The Low Family Connection (Controlling Interests)
The substantial shareholders are interconnected through the Low family:
-
Low Yi Ngo (son of Dato' Dr. Low Tuck Kwong): Holds 33.3% of ERI and 34.22% of Kaiyi Investment
-
Elaine Low (daughter): Holds 33.3% of ERI and 34.22% of Kaiyi Investment
-
Dato' Dr. Low Tuck Kwong: Owns 10.46% of Kaiyi directly + 16.16% through his spouse (Wong Kai Lai), plus 33.3% of ERI through his wife
Family Total Control: Through various direct and deemed interests, the Low family effectively controls both major investment vehicles (Kaiyi and ERI), giving them majority voting power over Metis Energy.
Governance Notes
Investment Implication: The highly concentrated ownership (81.5% controlled by top 2 shareholders + Low family) means liquidity is limited and the stock price can be volatile. The Low family' s dominant position ensures strategic alignment but also means minority shareholders have limited influence.
