Ann: GEV Investor Webinar, page-5

Not a bad investor briefing today.

My takeaways;
- The CEO was highly confident on delivering the ship approval in September,
- The company has 3 HOA's in the market at the moment with Indian end users, all of which could be 'company makers',
- The business expects to deliver news shortly on the north Atlantic opportunities that have been assessed by the business,
- The business already has a high level of work completed for the 2 feasibility studies being completed at present and the cost of these studies are part of the normal business OPEX expenditure forecasts,
- The business has a good level of engagement from a number of ship builders keeping an eye on contract negotiations and awaiting for FID from the business,
- The Twinza JV looks very positive for the business, also allowing GEV to consider an equity level investment into Twinza or at a project level.Once the feasbility study is complete, both businesses will move to FID (expected before year end)
- Any of the the prospective contract wins will be for the model 200MMSCF ship, which has already been spec'd up, so additional work required will be minimal,
- Financing the build of these ships will be done via a leasing arrangement (similar to aircraft leasing arrangements), where the terms of the lease will be based on the end user risk.

Maurice didn't really touch on the recent equity price pressure / capitulation by some holders, however he did say that owning 6% of the business means that he is aligned to shareholders and cognoscente of the share price / value of the business.

Sounds as though there should be a bit of news to come this quarter and next and although it's early days to assume the recent seller / sellers are now done, short of any serious blow ups internally, I think we can say we have seen the low ebb in the share price now.