Geo Energy Resources (GEO)

The shipment of 55,000 tonnes of coal was sold at a premium to Trafigura Asia Trading on Dec 22.

Lu King Seng, an independent director of the company, also bought 100,000 shares from the open market at 30.5 cents each.

“This will unlock the group’s value and generate long-term sustainable returns to our shareholders,” says GEO's CEO Melati.

SINGAPORE (Sept 23): Geo Energy Resources has entered into a conditional share purchase agreement to acquire PT Titan Global Energy (TGE), and an effective interest of 51% each in two producing mines, PT Bara Anugrah Sejahtera (BAS) and PT Banjarsari Prib

SINGAPORE (June 27): Indonesia-based coal producer Geo Energy Resources has signed a new offtake agreement with Trafigura for its PT Sungai Danau Jaya (SDJ) mine.

SINGAPORE (June 4): KGI Securities is maintaining its “buy” on Geo Energy Resources after a recent visit to its SDJ coal mine in Indonesia showed the latter is on track to achieve another record year.

SINGAPORE (Apr 11): March was a month riddled with bad news. As a result, the benchmark Straits Times Index (STI) tumbled 2.6% during the month, even though it ended 0.7% up for 1Q18.

SINGAPORE (Mar 1): Geo Energy Resources reported a 77% decline in 4Q17 earnings to US$3.44 million ($4.55 million) in 4Q17 from US$14.7 million in 4Q16.

SINGAPORE (Nov 17): Tung Kum Hon, CEO of Geo Energy Resources, is unabashed in saying that the market is undervaluing his company.

SINGAPORE (Nov 13): Geo Energy Resources announced that its 3Q17 earnings increased 16% to US$8.6 million ($11.7 million) compared to US$7.44 million in 3Q16.