- We view Geo Energy Resources as an infrastructure company, with toll collection and barging fees as new sources of earnings. 2026 will be the pivotal year following the completion of the integrated infrastructure.
Background
- - Read this at SGinvestors.io -
- In October 2023, Geo Energy acquired a 73.11% stake in Indonesia-listed PT Golden Eagle Energy (GEE) for US$192.7mil. The core asset of GEE is a 58.7% stake in PT Triaryani (TRA) coal concession.
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- Geo Energy agreed with China Communications Construction Company to construct a hauling road and jetty (integrated Infrastructure) in South Sumatra. The contract price is US$190mil. On Dec24, Resource Invest AG (owned by Tomas Novotny) announced a 6.8% stake in Geo Energy with an estimated investment of US$30mil (or S$0.42 per share). In Mar25, Geo Energy signed an MOU with Resource Invest for US$50-100mil in investment in the road and port owner MBJ.
Investment Merits/Outlook
Infrastructure progressing as scheduled.
- Read more at SGinvestors.io.
