Global Energy Ventures Ltd (ASX:GEV)

Global Energy Ventures Ltd (ASX:GEV)


Share Price
$ 0.22
Change
-0.005 (-2.27 %)
Market Cap
$78.02 m
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Global Energy Ventures Ltd

Global Energy Ventures Ltd (ASX:GEV) is focussed on the delivery of integrated CNG solutions to global gas markets.

EPIC: GEV
Market: ASX:GEV
52-week High/Low: A$0.26 / A$0.13
Sector: Energy
Market Cap: $78.02 m
Website: gev.com
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Big Picture – A Deep Dive Examination of Global Energy Ventures Ltd


Global Energy Ventures Ltd Snapshot

GEV’s business model is to develop and then build, own and operate compressed natural gas projects that generate bankable cashflow and make strategic investments in upstream gas resources suited for CNG commercialisation.

Pasca A CNG Project

GEV signs HOA with Twinza Oil to evaluate commercialisation of gas from Pasca A via marine CNG

GEV has executed a Heads of Agreement (HOA) with Twinza Oil Limited (Twinza) to jointly work together to undertake a Pre-Feasibility Study to evaluate a commercialisation plan for gas from the PNG Pasca A field via marine compressed natural gas (CNG).

(click here for more information on this project)


Atlantic CNG Project

GEV has secured access to the UK Gas Market through the Port Meridian Project

In 2017, GEV signed a definitive agreement with Meridian Holdings Co. to secure access to the UK port capacity & gas sale rights.

  • Gas volume rights of up to 300 MMscf/d of port capacity at Port Meridian (circa 2.3Mtpa LNG equivalent)
  • Gas sale rights of up to 300 MMscf/d to Uniper Global Commodities SE (Mkt Cap EU 6.4B; UN01 GY; BBB rated)
  • GEV acquired a 5% equity interest in the Meridian terminal for USD $2M

Secures substantial market access to a liquid and transparent gas market in the UK increasing reliant on imported gas.

(click here for more information on this project)


Middle East – India CNG Project

GEV and Indian Oil Corporation Limited execute Heads of Agreement for the Purchase of CNG

GEV has executed a Heads of Agreement with Indian Oil Corporation Limited to commence negotiations on a Gas Sale Agreement for the supply of ~220MMscf per day (~1.5 mtpa of LNG equivalent) to the west coast of India.

(click here for more information on this project)

 


Last updated 1st May 2019

Maurice Brand
Executive Chairman

Maurice Brand is a fellow of the Australian Institute of Management and of the Australian Company Directors Association. He has over 30 years’ experience in the international energy industry having foundered ASX listed Liquefied Natural Gas Limited in 2002 and Energy Equity Corporation Limited in 1985 (now known as ASX listed EWC). He was the driving force behind both Companies as the Managing Director and Chief Executive Officer, with ASX LNG being admitted to the ASX 200 in September 2014 with a market capitalisation of A$2.5 billion. Maurice joins the GEV Board as a major shareholder and a commitment to not hold any other public company Directorships during the next three years.


Gary Triglavcanin
Executive Director

Garry Triglavcanin holds a Bachelor of Engineering (Mechanical) and Master of Business Administration. He has over 25 years’ experience in the international energy industry across commercial, technical and legal aspects of project development, negotiation and delivery. Garry spent the past 12 years with ASX listed Liquefied Natural Gas Limited as Group Commercial Manager, developing a range of projects, including the Australian Fisherman’s Landing LNG Project, Magnolia United States LNG Project and the Middle East Qeshm Island LNG Project (as Project Director for 3 years). Garry joined Woodside Petroleum Limited in 2001 as Senior Commercial Advisor, working on a portfolio of renewable energy projects, as well as several merger and acquisition opportunities and strategic reviews until 2004. As Business Development Manager of Energy Equity Corporation Limited from October 1992 to March 2001, Garry was responsible for the assessment and development of energy projects in Australia and Indonesia.


Martin Carolan
Executive Director
Corporate and Finance

Mr Carolan joined GEV, after a successful 13-year career in the financial markets, with extensive experience in providing corporate advisory and capital raising services to a large number of small-cap ASX companies. He joined Foster Stockbroking in 2010, was made Executive Director and partner in 2014, and has been primarily responsible for managing relationships with Foster’s institutional and corporate clients. Mr Carolan’s professional experience prior to his time in the financial markets also included management consulting roles to large corporates during his time with Accenture and Deloitte Consulting.

Mr Carolan’s network of institutional and sophisticated investors across Australia, Asia and the US will be invaluable to GEV as it embarks on the financing and construction of ships for its maiden project. He has played an integral role in advising GEV since it began its CNG strategy in early 2017 and is a material shareholder in the Company.


Paul Garner
Non-Executive Director

Mr Garner has a well rounded knowledge of the oil & gas industry having served the board of a number of public listed companies over the past 15 years. He has served in the capacity as Executive Director, directly focussing on the capital raising and restructuring of the companies at various stages of their development. Mr Garner’s history in the oil & gas industry include ; Director of GulfX Ltd from 2004 to 2008, an Executive Director of Lion Energy Limited from 2005 to 2007 and an Executive Director of Entek Energy Ltd from 2005 to 2008. Paul, in his capacity as an Executive Director, was instrumental in acquiring the prospect in the Gulf of Mexico that produced the High Island 24L gas discovery in 2006 for Entek Ltd. Prior to his involvement in the O&G industry Mr Garner spent several years in international business, property and equities market. Mr Garner has been a Director of GEV (formerly TTE Petroleum) since 2012 and served as Managing Director through the transition period. Paul is the second largest shareholder in GEV.


Jens Martin Jensen
Non-Executive Director

Jens Martin Jensen has had extensive experience in international shipping. He has been a partner at Pillarstone Europe, an investment platform to support companies and banks, since November 2016 where his main responsibility is shipping portfolio/investments. Jens has also been a board member of Italian shipping company Premuda Spa and a board member of 2020 Bulkers Ltd. He was engaged as part of the senior management of Frontline Ltd/Fredriksen group from September 2004 to November 2015, including Director, Frontline Corporate Services Ltd from November 2014 to November 2015, CEO and Managing Director, Frontline Management AS from April 2008 to November 2014 and Commercial Director, Frontline Management AS from September 2004 to April 2008. He is a previous Board member of: Frontline Ltd, Frontline2012 Ltd, Flex Lng Ltd, Frontline Shipping Pte Ltd, Frontline Management (Bermuda) Ltd and Seateam Shipmanagement Pte Ltd. From September 1996 to September 2004 he was partner / director of Island Shipbrokers Pte Ltd Singapore. From April 1985 to September 1996, Jens was engaged with A.P. Moller / Maersk Group in various positions and postings within the group in Copenhagen, Mexico City, Tokyo and Singapore.

 


Last updated 1st May 2019

Address
5 Ord St
West Perth WA 6005
Australia

Phone: +61 (8) 9322 6955
Facsimile: +61 (8) 6267 8155
Email: [email protected]

PO Box 198
West Perth
Western Australia 6872

Directors

Mr Maurice Brand, Executive Chairman
Mr Garry Triglavcanin, Executive Director
Mr Martin Carolan, Executive Director, Corporate & Finance
Mr Paul Garner, Non-Executive Director
Mr Jens Martin Jensen, Non-Executive Director


Company Secretary

Mr Jack Toby


Company Website

www.gev.com


Stock Exchange Listing

Australian Stock Exchange Limited
Home Branch – Perth
Exchange Plaza
2 The Esplanade
Perth WA 6000


Share Registry

Computershare Investor Services Pty Ltd
Level 11, 172 St Georges Terrace
Perth WA 6000

Freecall (Aus): 1300 557 010
Tel: + 61 (0) 8 9323 2004
Fax: + 61 (0) 8 9323 2033


GPO Box D182
Perth WA 6840


ASX Code

Ordinary Shares: Global Energy Ventures Ltd
Code: GEV


Australian Principal and Registered Office

5 Ord St
West Perth WA 6005
Australia

Tel: + 61 (8)  9322 6955
Facsimile: +61 (8) 6267-8155
Email: [email protected]

ABN: 53 109 213 470

 

Last updated 4th December 2018

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