Friday, September 27, 2013

GEO ENERGY RESOURCES In 2 Mine Deals

GEO ENERGY RESOURCES In 2 Mine Deals
Written by The NextInsight Team
Wednesday, 25 September 2013 12:03

GEO ENERGY RESOURCES has just announced two related deals.

Its subsidiary, PT Mitra Nasional Pratama, has entered into a mining services contract with PT Parisma Jaya Abadi (PJA).

Another subsidiary, Geo Coal International, entered into a coal mining cooperation agreement with PJA, which holds mining business permits for 5,000 hectares of land in the Kedung Murung and Lebak Mantan Villages, Kota Bangun and Muara Wis District, Kutai Kartanegara Regency, East Kalimantan Province.


Under the mining services contract, PT Mitra Nasional Pratama shall provide overburden removal in a specified work block of approximately 150 hectares within PJA's concession area.

PT Mitra Nasional Pratama shall receive a service fee of US$2.50 (excluding value added tax) per bank cubic metre for overburden removal.

Under the mining agreement, PJA and Geo Coal International will cooperate to produce coal in the same 150-ha work block.

PJA has agreed to sell and deliver the coal produced from the work block  exclusively to Geo Coal International.

PJA has undertaken exploratory activities and guaranteed that the potential coal contained in the work block is approximately 420,000 metric tonnes of coal with calorific value in excess of 6,800kcal/kg (GAR).

The exploration results were made available to PT Mitra Nasional Pratama, which has commenced drilling and boring works at the work block to ascertain the coal deposit.

In the event that the volume of coal produced from the work block amounts to less than 420,000 metric tonnes, PJA will assign to Geo Coal International additional work blocks until the volume of coal produced reaches 420,000 metric tonnes.

Geo Coal International shall make an upfront payment of US$2.94 million to PJA within 14 days from Sept 24, the date of the Mining Cooperation Agreement.

The mining services contract and mining cooperation agreement are expected to have a positive impact on the net tangible assets per share and earnings per share of Geo Energy Resources for the current financial year ending 31 December 2013.


Source/Extract/Excerpts/来源/转贴/摘录: http://www.nextinsight.net/
Publish date:25/09/13

No comments:

Post a Comment

Warren E. Buffett(沃伦•巴菲特)
Be fearful when others are greedy, and be greedy when others are fearful
别人贪婪时我恐惧, 别人恐惧时我贪婪
投资只需学好两门课: 一,是如何给企业估值,二,是如何看待股市波动
吉姆·罗杰斯(Jim Rogers)
“错过时机”胜于“搞错对象”:不会全军覆没!”
做自己熟悉的事,等到发现大好机会才投钱下去

乔治·索罗斯(George Soros)

“犯错误并没有什么好羞耻的,只有知错不改才是耻辱。”

如果操作过量,即使对市场判断正确,仍会一败涂地。

李驰(中国巴菲特)
高估期间, 卖对, 不卖也对, 买是错的。
低估期间, 买对, 不买也是对, 卖是错的。

Tan Teng Boo


There’s no such thing as defensive stocks.Every stock can be defensive depending on what price you pay for it and what value you get,
冷眼(冯时能)投资概念
“买股票就是买公司的股份,买股份就是与陌生人合股做生意”。
合股做生意,则公司股份的业绩高于一切,而股票的价值决定于盈利。
价值是本,价格是末,故公司比股市重要百倍。
曹仁超-香港股神/港股明灯
1.有智慧,不如趁势
2.止损不止盈
成功者所以成功,是因为不怕失败!失败者所以失败,是失败后不再尝试!
曾淵滄-散户明灯
每逢灾难就是机会,而是在灾难发生时贱价买股票,然后放在一边,耐性地等灾难结束
  • Selected Indexes 52 week range

  • Margin of Safety

    Investment Clock

    World's First Interactive Investment Clock