GEV PURSUES MALAYSIAN GASFIELDS JOINTLY WITH TAMARIND RESOURCES

November 3, 2018

This is based on a paywall protected article, GEV PURSUES MALAYSIAN GASFIELDS
JOINTLY WITH TAMARIND RESOURCES, dateline 2018-08-17, Business News WA. The .doc file is here.

Global Energy Ventures Ltd (ASX:GEV), a developer of global integrated compressed natural gas (CNG) projects, is pleased to advise that it has entered into a Letter of Intent (LOI) with Tamarind Resources Pte Ltd (Tamarind), an oil and gas operator headquartered in Kuala Lumpur, Malaysia.
The aim of the LOI is to jointly identify, evaluate and pursue an interest/operatorship in gasfields in the Malaysian region, using GEV’s proprietary CNG Optimum technology and CNG Optimum 200 MMscf ships to export gas to markets within a 2,500 km range.
Under the LOI, both parties have already established a commercial case for a particular offshore Malaysian gas field, and have since expressed their interest to the authorities to conduct further due diligence and potential interest/operatorship in such field.