Geo Energy Resources Limited (SGX:RE4) is actively looking for acquisition opportunities. In a recent interview with The Edge Singapore, Chief Executive Officer, Tung Kum Hon said, "We are looking at mines similar to Sungai Danau Jaya or those nearby and can feed into power plants." Tung adds, "Asset prices are depressed at the moment, so it represents a good opportunity for us to look at some of these assets. I need to work out the cost of production so that we can control the cost.

If the prices pick up, that's where value is created."