Thank you @WolfOfWestPerth this is great analysis. I initially...

Thank you @WolfOfWestPerth this is great analysis. I initially invested into GEV before the pivot to H2 shipping when the CNG shipping concept was humming along quite nicely. GEV's CNG shipping concept caught my attention with its lower infrastructure costs versus LNG, and the ability to ship to multiple locations versus fixed pipelines. I was bullish on GEV's ability to commercialise their CNG concept in Pre Salt Brazil were LNG is too expensive for the short distances to shore, and the CNG ships enabled gas in its purest form to be delivered wherever it was needed, instead of pipeline to set locations. Since then a lot of the agreements that were signed have lapsed without any further mention (Letter of Intent signed with CIMC Raffles expired 31/12/20). The Key Terms Agreement with Kinetica for CNG transport in the Gulf of Mexico is due to expire on the 30/9/21, so will be interesting to see what happens in the following couple of weeks!

I've become incredibly bullish on the GEV H2 shipping concept since the signing of the MOU with the HyEnergy Partners. This agreement will explore the feasibility to ship green hydrogen into Asia using GEV's H2 shipping concept that has already been proven with GEV's own scoping study (ASX Announcement 1/3/21). Furthermore, what really excites me with this agreement is Total Eren being a partner to the HyEnergy project and the FMG tenure of land totally surrounding the HyEnergy project. Andrew Forrest has been one of Australia's biggest advocate for large scale green hydrogen production that will not only supply Australia's domestic needs, but can be produced in surplus and become Australia's next big export. Asia is hungry for hydrogen and Australia has the resources to produce it, this is backed up by another MOU executed with Pacific Hydro to use GEV's H2 shipping concept to ship hydrogen into Asia. GEV also has an MOU executed with ILF Consulting Engineers for projects in Europe that is a far further developed hydrogen market.