Geo Energy

[winston]

not vested

Investment whiz Rogers on Geo Energy's board By Lynn Kan

GEO Energy Resources appointed commodities-investment guru Jim Rogers as a non-executive director with effect from Monday.

Mr Rogers, who has resided in Singapore since mid-2007, made his name as the research head of Quantum Fund, which he co-founded with George Soros in the 1970s. He also designed the Rogers International Commodity Index, a broad composite of commodity futures.

Geo Energy last traded at 35 cents before its counters were halted last Friday.

Geo Energy's sole coal mining asset, PT Bumi Enggang Khatulistiwa (BEK), has produced 445,000 tonnes of coal since bagging its first contract in February; output is expected to hit 700,000 tonnes for the full year.


Source: Business Times

[winston]

not vested

Shares of Geo Energy Resources Ltd surged as much as 29 percent after the company said it had appointed investor Jim Rogers, who is known for his bullish views on commodities, as its non-executive director.

Geo Energy's coal mining operations are mainly located in Indonesia. It was the second-highest traded stock by volume in Singapore, with more than 94 million shares traded on Tuesday.


Source: Reuters

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