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Geo Exploration Ltd - Australia-based oil and gas exploration company focused on Africa and the Mediterranean - Says it has fully repaid in cash the interest-free loan of $270,000 provided by Chief Executive Officer Omar Ahmad. The firm says it wished to repay the loan ahead of the expiry date of September 30, despite Ahmad’s offer to extend it. ‘This repayment strengthens the company’s balance sheet and leaves Geo debt-free as it enters an important phase with drilling underway at its flagship Juno project,’ the company says. Chief Financial Officer Hamza Choudhry comments: ‘The company sincerely appreciates the support provided by Ahmad during a pivotal time in July 2024, which enabled Geo to move forward with stability. Since his appointment, the company has experienced a significant uplift in sentiment and valuation, driven by his shareholder-focused approach and commitment to putting the company first.’ Current stock price: 0.42 pence, closed up 14% in London on Thursday 12-month change: multiplied from 0.090p Copyright 2025 Alliance News Ltd. All Rights Reserved.
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