GLJ played a significant role in developing Vulcan Energy. They...

GLJ played a significant role in developing Vulcan Energy.

They are also global leaders in CCUS engineering.

This is important for EE1 as being able to secure the work of a large group means we will be able to move with pace, but GLJ’s experience with Vulcan shows they are able to work effectively with smaller ASX Cos and projects in emerging markets.

Key talking points for from the announcement:

1. GLJ appointed to develop EE1’s geothermal prospects and CCUS prospectus

1. GLJ have market credibility from their role at Vulcan and have been proven to be a larger group that can still provide innovative work to smaller groups like EE1

1. EE1 further signals to the market it interest in developing CCUS projects (on CCUS, see this article here: https://www.mckinsey.com/industries...s/global-energy-perspective-2023-ccus-outlook)

1. EE1 is clearly showing pace into the new financial year and having a group like GLJ on board shows an ability to execute on project development but is also an endorsement of the Company’s projects and management.